Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $3,445,000 17 Garden Place GMAP As we mentioned last week, ex-Jet John Dockery was asking for $3.7 million for this 3,500-sf, 4-bedroom, 4.5-bathroom single-family townhouse. It was House of the Day back in March, and the Average Reader Appraisal was $3,259,886. Entered into contract on 4/28/10; closed on 6/24/10; deed recorded on…
1. BROOKLYN HEIGHTS $3,445,000
17 Garden Place GMAP
As we mentioned last week, ex-Jet John Dockery was asking for $3.7 million for this 3,500-sf, 4-bedroom, 4.5-bathroom single-family townhouse. It was House of the Day back in March, and the Average Reader Appraisal was $3,259,886. Entered into contract on 4/28/10; closed on 6/24/10; deed recorded on 7/8/10.
2. PARK SLOPE $2,733,000
854 President Street GMAP
According to the listing for this 4-story, 20′ wide two-family brownstone (converted from a single-family), “Museum-quality period detail abounds: exquisitely carved woodwork, inlaid mother-of-pearl detailing, brilliant stained glass, functioning pocket doors & shutters, original mahogany dressing rooms with working sinks.” Entered into contract on 4/16/10; closed on 6/21/10; deed recorded on 7/9/10.
3. GRAVESEND $2,000,000
370 Avenue T GMAP
This two-family, 1,952-sf house has a garage and is located on a 3,400-sf lot, according to PropertyShark. Entered into contract on 8/25/09; closed on 2/17/10; deed recorded on 7/9/10.
4. PARK SLOPE $1,940,000
344 1st Street GMAP
According to its listing, this single-family “modern masterpiece in a classic brownstone” has “custom built-in floor-to-ceiling cabinetry” in several rooms, a finished basement, central air, 3 bedrooms, and 3 bathrooms. Asking price was $2,150,000. Entered into contract on 3/15/10; closed on 6/17/10; deed recorded on 7/6/10.
5. BOERUM HILL $1,750,000
117 Wyckoff Street GMAP
“This rare 25′ x 50′ 3 family, 4 story townhouse offers a soaring upper duplex plus two rentals and a large basement used as woodworking studio w/ tons of storage,” says its listing. According to StreetEasy, it was listed at $1,789,000. Entered into contract on 4/6/10; closed on 6/29/10; deed recorded on 7/8/10.
Photos from PropertyShark.
“Sure, but 50% off? ”
I have absolutely way of knowing the % off.
Often a lot of euphoria on the way up leads to a vicious hangover on the way down. Not saying 50% off, but I am saying there is a problem.
“I have got t believe that someday this plays out with lower prices”
Sure, but 50% off?
Have to agree that there is very little inventory. Lack of supply is clearly supporting prices.
And I have to agree there was no fuel for the bears in this weeks biggest sales.
But BHO is correct about the shadow inventory. I took a thorough look at Prospect Heights on Realty Trac and there are prime brownstones way behind on payments, even since the bank filed papers.
The banks can not hold busted paper forever. Unless some of the optimists can tell me a story in which the delinquent home owners suddenly make good on a year of missed payments, I have got t believe that someday this plays out with lower prices.
Dave, I think corner bodega is lurking in the COTD thread.
No one else would be so ignorant to have voted 656k on the widget for a 1400sf 3 bedroom/2bath apartment in North Slope.
Well, except for Lou Dobbs.
Speaking of bears, I miss cornerbodega.
Rarely do I ever have the opportunity to listen to someone so ignorant and foolish unlesss it’s the McLaughlin Group, especially with Pat Buchanan on.
M4L, I know he’s not going anywhere. I really don’t care what he says or does anymore because quite honestly he rarely makes much sense or has specifics to back up his words. NEVER any data. Just words.
It is possible to be a bear and speak intelligently. He has not mastered this art.
you can’t even drive an 18-wheeler…so no way you gonna be able to park one.
11217, I disagree 100%.
BHO, please do not leave and go to Curbed.
if we’re all singing same tune, agreeing,…. might as well talk to myself in the mirror – ie ZZZZZZZZZ