Last Week's Biggest Sales
1. PARK SLOPE $2,200,000 449 Sixth Street GMAP This 20-ft wide, four-story brownstone is divided into 2 duplexes. It was a House of the Day back in February, when the asking price was $2,300,000. Average Reader Appraisal was $1,894,589. Entered into contract on 3/9/10; closed on 6/30/10; deed recorded on 7/16/10. 2. PARK SLOPE $2,198,500…
1. PARK SLOPE $2,200,000
449 Sixth Street GMAP
This 20-ft wide, four-story brownstone is divided into 2 duplexes. It was a House of the Day back in February, when the asking price was $2,300,000. Average Reader Appraisal was $1,894,589. Entered into contract on 3/9/10; closed on 6/30/10; deed recorded on 7/16/10.
2. PARK SLOPE $2,198,500
62 Prospect Place GMAP
When this gorgeous four-story Queen Anne was House of the Day in April, we thought the asking price of $2,150,000 was pretty spot-on. Average Reader Appraisal was $1,932,609. Entered into contract on 4/1/10; closed on 7/1/10; deed recorded on 7/15/10.
3. CARROLL GARDENS $2,125,000
72 Second Place GMAP
This 5-story brownstone was House of the Day in December, after its price tag was inexplicably raised from $2,350,000 to $2,499,000. Average Reader Appraisal was $1,894,919. Entered into contract on 2/18/10; closed on 6/30/10; deed recorded on 7/14/10.
4. BROOKLYN HEIGHTS $1,850,000.00
71 Pierrepont Street, Unit #1 GMAP
According to its listing, this 2,499-sf “duplex condo offers 3-4 bedrooms and 3.5 renovated baths.” Asking price was $1,900,000. Entered into contract on 5/26/10; closed on 6/24/10; deed recorded on 7/14/10.
5. COBBLE HILL $1,725,000
46 Cheever Place GMAP
This brick home, configured as a duplex plus two floor-throughs, was House of the Day in February, after its price was lowered from $1,975,000 to $1,800,000. Entered into contract on 4/15/10; closed on 6/25/10; deed recorded on 7/12/10.
Photos from PropertyShark.
maybe the elementary schools are equivalent, but the seven years of middle and high school are not equiv unless your kid gets accepted to good schools in nyc. there are good schools in nyc, but your kid is not guaranteed a seat in one of the good schools (middle and high school). in pa yes.
and only a fraction of the lots in pa would be smaller than ps. and those would be the tiny cottages north of university.
agree on rest (drugs, art, food, diversity).
Oh, I forgot:
Fashion is MUCH MUCH better in NYC. But about the same in Park Slope.
So….not sure if that clinches it.
But Antidope, the public schools in Park Slope are equally awesome if not better than Palo Alto’s, right? Also, a Park Slope lot is just as big if not bigger. You will have a detached house in Palo Alto, the most perfect weather on earth, and a fairly calm existence with lots of bike riding and a nice public pool. And let’s not forget easy parking and a garage. Art and food is better in NYC. NYC also far more diverse. The danger of your children growing up to be heroin addicts is probably about the same in both locations. Altogether, it’s pretty similar.
I just read all the old comments on 2nd place.
You’re all fired as appraisers and I get your job.
BHO — you really need to change your tag line to “bid half off peak asks” or something like that, if you are going to continue to base your market analysis solely on sale price to ask price of the same property, and not look at comps at all. My own observation is that the Slope market rose substantially in the late 90s with most properties going at 5-10% below ask before we got into the bidding war craziness of the early aughts. So below ask sales mean little other than market isn’t overheated.
mopar, that is only true if you undervalue a proper lot and garden and perfect weather and fine public schools. you can get a fine house for that price tag in pa though in many respects the price trajectory in the re market there is very similar to brownstone bk.
these prices are strong. full stop.
These prices are very impressive. As a home owner, I am pleased that 11217’s optimism is proving to be more correct than my caution.
Honestly, BHO I don’t want to engage with you. As I’ve said before, there is a way to be a bear and sound intelligent. Yours are usually rants or comments based on lack of functional reading skills, and I’m not interested. Find someone else to try to use your scare tactics on…I really don’t care…I’m just interested in real estate and am posting some news.
So what exactly are your conclusions with regard to the “news”, 11217? Where has this taken us from the peak?
***Bid half off peak comps***