Last Week's Biggest Sales
A couple strong showings out of Williamsburg this past week. 1. DUMBO $2,575,000 31 Washington Street GMAP (left) Sale was of unit 11/12 at this Dumbo condo. Deed recored 4/24. 2. PARK SLOPE $2,140,000 423 1st Street GMAP (right) 3,200-sf house between 6th and 7th avenues. 3-family built cica 1901, according to Property Shark. Deed…
A couple strong showings out of Williamsburg this past week.
1. DUMBO $2,575,000
31 Washington Street GMAP (left)
Sale was of unit 11/12 at this Dumbo condo. Deed recored 4/24.
2. PARK SLOPE $2,140,000
423 1st Street GMAP (right)
3,200-sf house between 6th and 7th avenues. 3-family built cica 1901, according to Property Shark. Deed recorded 4/25.
3. WILLIAMSBURG $2,000,000
85 North 3rd Street/The Mill Building GMAP
As previously reported, a buyer purchased this pad on the 6th floor of the Mill Building. Deed recorded 4/23.
4. WILLIAMSBURG $1,900,000
440 Kent Avenue GMAP
Purchase was of a penthouse at the Schaefer Landing condo on South 9th Street and Kent Avenue. Deed recorded 4/25.
Tied for fifth place:
PARK SLOPE $1,725,000
285 1st Street GMAP
3-family house in the Slope. (We’re a little confused by this one: ACRIS has it as a house, while Property Shark says it’s a co-op. Can someone clarify?) Deed recorded 4/25.
CLINTON HILL $1,725,000
472 Washington Avenue GMAP
Former House of the Day was asking $1,875,000. Deed recorded 4/24.
Photo of 31 Washington from DumboNYC ; photo of 423 1st Street from Property Shark.
After EVERY recession, 4:50….NYC has brought jobs back at a faster rate than it lost them in tough times.
You do realize that is how the city is still gaining in population, or do you think all the new arrivals are out of work, homeless people?
The green revolution is going to create hundreds of thousands of jobs across the country in the coming years.
Just as the tech boom, dot com boom, real estate boom have done for the past couple decades.
Things change. The sooner you can accept it, the better off everyone will be.
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“I also see that both properties mentioned in the posting are multi-family homes as opposed to the single-family homes that are not selling. The economics I am sure are quite different.”
Yes, some people are buying 2 million dollar homes to live in 1/3 of it, vs. some people who think they need 4000 sf for them and their only child to be happy.
I’ll take the former anyday.
“Do you have ANY IDEA how many people are going to be clamoring to live in a city where you can use mass transit and walk.”
Except for the lack of jobs. Don’t forget that. No matter how expensive gas gets, it doesn’t matter how much they might want to live here. No jobs equals no arriving masses.
You are right 4:24, I am new, as I have only been here 15 years, of which I have owned property for 12 of those. I am not waiting for a disaster, neither hoping for one. As much as possible just figuring out right pricing for property. I understand that the right price will be what the buyer is willing to pay. Although spoiled by recent markets, maybe 6 months in the market is not a long time but the right time for a $2MM + property to sell. And price takes into account condition, location and just that feeling that you found your home.
It seems that although only a dozen properties are for sale in PS, and that is definetely very tight inventory, very little of those with asking prices close to $3 MM are selling.
I also see that both properties mentioned in the posting are multi-family homes as opposed to the single-family homes that are not selling. The economics I am sure are quite different.
ATTN: The What
I am writing a piece for New York magazine and would like to talk to you, on/off the record.
You can reach me at adam (dot) sternbergh (at) nymag (dot) com.
Thanks.
I see that you are new to NYC, 4:16.
There was once a time that there were 200 homes for sale in Park Slope at any given moment.
Now there are a dozen.
Sign of a disaster waiting to happen?
Doesn’t sound like it.
no the thread is about the market too and what is the right price for property – I see that you can be narrow even in your readings ….and narrow to avoid what isnt selling –
423 and 285 1st Street sold.
Do you not see what this thread is about up top??
LAST WEEKS BIGGEST SALES