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.
“Fine for playing the stock market with some extra money. Not a good idea for people spending their money on their principal residence.”
Wrong. Your friends fouled up. They shouldn’t have bought back in yet. You buy back in at the bottom. We were just about calling the top in 2005. It’s easier to play RE than the stock markets. It moves very slowly. Stocks crash overnight.
How about when everyone I know told me NOT to buy a place in 2001 because it was right after the terrorist attacks, that the city was going to tank and everyone was going to leave????
OOPS.
Glad I didn’t listen!!!! 1 million dollars later!!!!
3:18–
“I say do it – sell, rent, buy. If this is the biggest housing boom/bust since the 1920’s, how do you know you’ll see 2007 prices again in your lifetime? Lock those gains in.”
Friends of mine did that in 2003. Sold their co-op, locked in those gains (they bought in the ’90s). Whoo, those big 2003 dollars! Be a shame to lose those!
Didn’t do them much good when they ended up buying a house in 2005.
Timing the market is brilliant–when you do it at exactly the right time. Do it wrong and it’s a disaster. Fine for playing the stock market with some extra money. Not a good idea for people spending their money on their principal residence.
Justification of the “Metoo” crowd! I’m getting a kick off this thread! I find myself not alone in spotting the dumb-fucks. You think things are not bad, huh. Gas stations are empty also, there is less traffic. Used car sales has fallen off a cliff.
A good friend of mine was laid off! He worked for a very big bank for 23 fucking years! Yep, 23 years! And guess what assholes, they laid off people with just as many years. Yeah I know, The What is real hateful and shit but, some of you are walking around with flagpoles sticking out of your asses.
Oh, Atlantic yards is being assfuck covertly. Ratner is moving to NEWARK NJ LMMFAO! I wonder what the “value” of your Brownstones will be then. You are fuck, RIP Mutant Real Estate Bubble!
The What (Tick.. Tick.. Tick..)
Someday this war is gonna end…
Yeah, I’m a renter, 3:21. But you are absolutely clueless if you think prices will be 10% higher in two years. This market’s on the way down baby. So, yes, if you like your equity you should sell now and keep it. Then buy back in at bottom. If you don’t care too much about your equity and enjoy your place, then don’t.
Actually, Europe has helped prop up the NYC market with their strong euros. If the euro drops, and/or if europeans stop buying so much NYC real estate, that indeed will have an effect on the NYC market. Also the world in general is way more interconnected so of course Europe is important to our economy!
“Europe is no longer important to our economy”
Until it’s time to defend NYC real estate prices.
3:08 – read people, read! The poster DID mention the park and the schools – stop being so darn mean folks!
As for the urban way of life and death of suburbs – well, I can hardly see suburbs totally dying – the cost of living in the city will probably cancel out gas costs and some people simply prefer being around more greenery. I myself prefer the city but come from a suburb and know plenty of folks who are very attached to that lifestyle thank you very much.
Why must this list always devolve into such absolutes? The person who predicts a softening of the market, maybe by 10-20% sounds reasonable. Not every future prediction has to be total denial and everything is roses (on the one hand), or doom and gloom the world will end (on the other). Why can’t the truth lie in between? Yes, the market has moved along at an unsustainable clip the last few years, but yes, cities are more desirable – so perhaps this means that, while things will not crash (due to shifts benefiting city life), they can indeed soften (due to poor economy and price houses having reached stratospheric heights of late). I think people looking to buy now are in a decent position since there is not the frenzy of the past few years, but there is also a likelihood that indeed cities in the long run will be decent investments.
3:18 – renter.
You’d be an idiot to sell now and rent if you can afford your home now.
Have you noticed where prices have gone over the years in New York? What if prices two years from now are 10% HIGHER?
You will be a fool and probably have to leave nyc for the ever deadening burbs.