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.
Boerumresident, I agree with everything you said, and that’s exactly been my personal experience.
11217, I like to say I can park an 18-wheeler on most any block in the ‘hood on a Summer weekend.
BHO, you’ve really moved the goalpost. Every sale under ask is a sign of beardom? Is that really the standard you are using? Sales 5-10% under ask is just plain sanity. Bidding wars and sales over ask are signs of an exceptional market and are not the norm for either a treading water market or small to medium size bull, as well as bear.
By Brownstones Half Off on July 13, 2010 12:24 PM
What about the inventory you can’t see, 11217? The shadow one! Where have lis pendens gone in PS?
***Bid half off peak comps***
Seems to never come out, BHO. Maybe that means there isn’t any. You’ve ben predicting it for 3 years now.
Do you really think a lis pendens is going to show up in a home of the quality of these.
You are delirious.
Yes, BHO. The shadow inventory of 19th century brownstones. That’s exactly what I’m talking about.
I’m with Dave on this…you really make zero sense to me. Your posts are unintelligible rants which make no sense. You continue to use an outdated rental metric, you continue to put all your eggs in the Case Shiller basket (even though they don’t tally 90% of housing in NYC) and generally make claims which are not supported by the reality that we see.
Yes, there is shadow inventory in the city. No, there is very little of it in Brownstone Brooklyn. The area we usually talk about here.
Go spew your nonsense on curbed. It will make much more sense to those mouth breathers.
What about the inventory you can’t see, 11217? The shadow one! Where have lis pendens gone in PS?
***Bid half off peak comps***
It’s also absurd that people are talking about a market slowdown. It ALWAYS slows down in the summer. Did these people just fall off the turnip truck? I mean, you could drive down my block right now and have your pick of 15 parking spaces….NO ONE IS AROUND! Not in PS anyway.
We’ll have to wait and see what happens in the future but for now the summer slowdown is in full force. Just like it is EVERY YEAR! Except maybe 2005 and 2006.
P.S. If everyone is not around that means they are 1. on vacation or 2. at there summer house.
Neither of which feed so well into the market collapse position.
maly and CGAR — this is a POV that I have held for the last year or so. Properties in very good condition will sell very quickly at prices above the ask. In fact, the prices are not that far off from peak prices but they seem to have stabilized.
Wher ethe market is different is in the humdrum houses that need a fair amount of work (even if it’s not a gut reno). I think most buyers today are not willing to put that effort it in without serious discounts. This is unlike 2006 and 2007, where the perception was for many buyers they needed to grab whatever they could or else be priced out forever.
I’ve been around. I’m on a staycation so haven’t been tied to the computer as much. 🙂
Delirious, just delirious, BHO. You’re beginnning to sound like you’ve really lost it.