Last Week's Biggest Sales
1. PARK SLOPE $3,950,000 276 Berkeley Place GMAP This 9,000-sf, 11-bedroom Romanesque Revival mansion was House of the Day in October ’09 when its price dropped from $4,250,000 to $4,200,000. Its listing describes it as “A grand and elegant home endowed with the most beautiful custom millwork all in fruit woods with matching coffered ceilings,…
1. PARK SLOPE $3,950,000
276 Berkeley Place GMAP
This 9,000-sf, 11-bedroom Romanesque Revival mansion was House of the Day in October ’09 when its price dropped from $4,250,000 to $4,200,000. Its listing describes it as “A grand and elegant home endowed with the most beautiful custom millwork all in fruit woods with matching coffered ceilings, built-ins, weighted moldings, paneled and pocket doors, leaded stained glass, extraordinary mantels (3 are gas burning), quarter-sawn oak floors and the most spectacular staircase, all in flawless condition.” Average Reader Appraisal was $3,757,916. Entered into contract on 4/13/10; closed on 6/14/10; deed recorded on 6/22/10.
2. GRAVESEND $2,750,000
1864 East 9th Street GMAP
This 1,960-sf house was built on a 40-ft x 100-ft lot in 1920, according to PropertyShark. Entered into contract on 4/22/10; closed on 6/15/10; deed recorded on 6/23/10.
3. CARROLL GARDENS $1,850,000
374 Bond Street GMAP
According to its listing on StreetEasy, this 4,250-sf building, which hit the market in late May, includes “Two residential units plus commercial space and THREE car garage.” Entered into contract on 5/7/10; closed on 6/10/10; deed recorded on 6/16/10.
4. MANHATTAN BEACH $1,537,500
159 Exeter Street GMAP
This 1,922-sf house on a 5,600-sf lot last sold for $1,400,000 in 2005, according to PropertyShark. Entered into contract on 3/24/10; closed on 5/20/10; deed recorded on 6/25/10.
5. BROOKLYN HEIGHTS $1,354,272.50
360 Furman Street, unit 440 GMAP
This 3-bedroom, 2-bathroom, 1,709-sf condo at One Brooklyn Bridge Park was listed at $1,825,000, according to StreetEasy. Entered into contract on 4/19/10; closed on 6/15/10; deed recorded on 6/23/10.
Photos from PropertyShark.
It might be one of the best prices ever paid in PS but it’s 9000 sq ft! And architecturally significant. And can’t be duplicated.
DCB:
Newsflash – Brooklyn isn’t Manhattan
I may prefer Brooklyn (as may a few others) but the real estate markets are not equal.
Hey nonsense, I don’t think you know how compound interest works. (Hint – you got it backwards)
“There aren’t a lot of houses that can equal this one, and yet it acheived a pretty mediocre price.”
I would say it’s probably one of the top 5 or so prices ever paid for a home in Park Slope, actually.
“this country has just gone through what most say is the worst housing bust in decades…”
Exactly. That is why this house sold for less than it’s peak price. This is an amazing house, and therefore a good test of the very high end of the market. Super deluxe homes in Manhattan are selling for more than ask due to scarcity value. That wasn’t the case here.
There aren’t a lot of houses that can equal this one, and yet it acheived a pretty mediocre price.
6.3% (with compounding), not 4%.
that PS house is a deal – if one has that kind of stash.
“If this was straight line appreciation over 6 years that would come to 4% a year. How is this bullish in any way?”
Well, I hate to point out the obvious, but this country has just gone through what most say is the worst housing bust in decades with most of the country seeing 30-50% drops on housing.
It’s funny to me that you think 4 million is bearish for a house in Brooklyn (one which needs work, p.s.)
Berkely sold for $438/sq ft. For a pretty special property. That is NOT a bullish price. In a strong market the really top homes sell for a premium.