Last Week's Biggest Sales
A couple interesting sales of large condos in historic brownstones this week. 1. BROOKLYN HEIGHTS $4,500,000 42 Garden Place GMAP (left) Four-story, two-family, 3,420-sf brownstone in the Brooklyn Heights Historic District. StreetEasy shows the pricing history was thus: Listed for $4,950,000 in September; price reduced to $4,600,000 in December; went into contract in February. Deed…
A couple interesting sales of large condos in historic brownstones this week.
1. BROOKLYN HEIGHTS $4,500,000
42 Garden Place GMAP (left)
Four-story, two-family, 3,420-sf brownstone in the Brooklyn Heights Historic District. StreetEasy shows the pricing history was thus: Listed for $4,950,000 in September; price reduced to $4,600,000 in December; went into contract in February. Deed recorded 4/29.
2. DUMBO $2,240,000
100 Jay Street/J Condo GMAP (right)
Another big closing at J Condo, which has made it into the top sales roundup a couple of times in the past few months. Sale was of unit 31A. Deed recorded 5/2.
3. COBBLE HILL $2,050,000
249 Degraw Street GMAP
This 4-bed, 3.5-bath, 2,780-sf condo was marketed as a four-level loft. Per StreetEasy, the property went on the market in October and was listed at $2,450,000; it went into contract in January. Deed recorded 5/2.
4. COBBLE HILL $2,000,000
37 Tompkins Place GMAP
It appears that someone wanted this two-floor, 4-bed, 2-bath, 1850-sf condo pretty badly: StreetEasy shows it being listed at $1,750,000 in late February and going into contract within a few weeks. Deed recorded 5/2.
5. CLINTON HILL $1,725,000
282 DeKalb Avenue GMAP
This Romanesque Revival house was asking $2,200,000 when featured as a House of the Day in November. A commenter on the thread last fall more or less hit the nail on the head: “I would fear that this place is extremely dark inside because there is a building right next to it. I could see $1.75 at max.” Deed recorded 4/29.
Photo of 42 Garden from Property Shark; photo of J Condo by the real janelle.
It doesn’t seem to me that 2:37 can grasp much of anything besides writing a check to his landlord once a month, to me.
2:43…if more people under the age of 30 thought like you this country wouldn’t have half the problems it has with social security, health care, etc, etc, etc. I don’t know of many people under 30 wo have their act so together as you do.
2:37 is an idiot…
I didn’t put it in any context regarding rents. Again, it was solely in the context of which way the currencies move. WHY is it so hard for you to grasp a single concept.
Besides, Do you see rents coming down anywhere 2:37.
2:37:
I save about $750 a month. Saving is an ongoing project. You don’t save once and then stop. I have my studio, I have 20% invested in that downpayment plus whatever equity I make when I sell, I have about 15K in a “rainy day” fund and another 5K in stocks and about 50K in retirement.
Not bad for someone who makes less than 100K a year, is not yet 30 and doesn’t “understand the realtive costs of renting/buying”
I’ll be just fine, don’t you worry about it.
So Dave’s theory is that “normal” means “unprecedentedly high priced” because all of history was a different world. Prices can continue to increase **relative to rents** because Europeans and immigrants and 20 year olds with the ability to save infinite amounts and who, presumably, don’t know how to calculate the relative costs of renting/buying, will be willing to pay ever-increasing premia to own instead of renting. Or, like 2:02, they are happy to give their savings to their elders as downpayments.
To follow up on the…who will buy homes in the future question…
A large percentage of new immigrants to this city buy homes. YES I know…SHOCKING!!!
But it’s true.
So while all you elistist assholes whine about not being able to afford anything on your 150K a year plus salaries (because you’re too busy drowning your sorrows in $15 martinis and fistfuls of blow), there are very hardworking people who come here every day, make a relatively meager salary and manage to save up and buy a property for their family.
You’d be suprised what one can do with a little hard work and discipline.
It’s sad that in many ways, the American dream has been lost on so many people actually born here and has become such a magnificent escape for those that came here looking for a better life…and found it…
2:13…you’re right…if 10% of properties are bough by foreigners I’d be surprised. This guy doesn’t get the currency issue. He probably also doesn’t understand that since the 1980s and early 1990s most of NYC has become a magnet for Americans wanting to live/work/enjoy and even retire.
Again, 2:07…you’ve embarrassed yourself. As the dollar goes to 1.35 they will have made money on their purchases made here in the 1.50-1.60 range. Do you even know how to get a Yen quote? The Japanese banks are moving back into NYC en masse after having abandoned it for years. Most of their professional employees will be expats. Although they will hire the likes of you for clerical positions. I’m getting tired of trying to educate you.
Bitter for not having been in the market????
“then who will?”
I don’t know…I’m guessing some of the million new arrivals in NYC over the next decade will buy a few homes.
And you know…the early 20 somethings that have all come here in the past 10 years who realize that this is where they want to stay. I see it happening now. Those who moved here out of college in 2000 are entering the buying pool now. Many of my friends are starting to think about buying now.
Dave is not suggesting, I don’t believe that only Europeans are buying…us Americans also like to buy places to live and raise our families also, you know…