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.
the reason we dont hear about recessions in Europe is that Europe is no longer important to our economy. Europe has been insinificant since the 90’s. I think its great that people who were early to Brooklyn are showing such high returns. However people who purchased from 2005 and on are going to be bagholders. Too many people who got the down payment from mommy and daddy and have interest only ARM’s. We all know one or two of em and they will be what hurts the market in the coming years. They need the prices to go up or they will not be able to refi with there moderate income. Banks are not giving Jumbo’s to people who dont make over 200. They will be forced to sell or go back to the folks for more money.
I think $7 sounds about right. I hope it comes.
If you gave me 10 million dollars today, I would not move back to Manhattan, 3:14.
I think it’s sad that you moved here because you HAD to, but please don’t project that onto the rest of us that not only love Brooklyn, but PREFER it.
And you are a complete moron if you don’t think people buy things to show them off. Handbags, shoes, homes, cars.
Do you live under a rock?
You sound really pathetic.
“…or is it in fact smarter to sell my place now (when prices are indeed high), rent for a while, and watch the market for a year or two to see if I can get a better deal?”
Very wise question to ask. 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. Doesn’t matter the asset, all bubbles behave the same.
Smart money in >>> dumb money in >>> smart money out >>> dumb money stuck
3:06 is correct. the future of this planet lies in urbanism. we are on the very cusp of this and you will see more and more people gravitate (by necessity) to urban cores. it is a much more progressive way of life and allows for more social interaction while the world heads to a global and internet based existence. not to mention the fact that the planet will not support many more years of sprawl like we’ve seen over the past century.
some people know this is happening already and others simply prefer city life. there will come a day when the outer suburban areas will be all but desolate.
2:45 – you are pretty sad if you think having a place in Park Slope is “hot.” Not only is PS not hot, but I don’t really think anywhere in Brooklyn is. It’s lovely and we all love it here, but most of us are like the New Yorker cover – sent cowering out of Eden (Manhattan) because we couldn’t afford it (I left in 1998). Personally, I don’t have the suburban mcmansion mentality of buying homes to “show off” to friends but clearly – since you’re projecting those pathetic motives on to me – you do.
I love how the only thing you brought up was the bread, 3:02.
Not the schools, not the crime, not the park.
The bread.
Shows your intelligence level.
IQ around what…45 or so?
Here’s a little tidbit from today’s Wall Street Journal. Some experts say that in 2-3 years, gas could top from $7-10 a gallon. Yes, you heard that right. Not ridiculous considering most Europeans pay about $9 a gallon currently. Americans have had it easy for far too long. Those days are over. 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. Even my parents who are DIE HARD suburbanites were saying recently that they might move to the city if gas keeps going up like this.
I suggest you all buck up, save some money, buy a modest apartment (no one with one kid needs 3000 or 4000sf) and start being a little kinder to mother earth.
Go plant a tree or two while you’re at it.
2:08/2:40 —
“Did you buy in my neighborhood when NO ONE else wanted to live there, when crime was rampant and I had to take the train to get a slice of bread?…”
LOL, when exactly was it that people bought bread by the slice? I will assume you are exaggerating equally in the rest of your self-serving response.
Get off your cross, you’re sitting on a pile of equity simply because at the time you happened to want to buy, prices happened to be historically low. Dumb luck. Which is why you deserve that equity no more than anyone else.
Now give me my million dollars.