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.
If you live in a former church, are you blessed by residing in a former house of worship or cursed for converting a community’s place of gathering into your abode? LOL…lighten up people.
2:02…1:47 is a renter and doesn’t have a grasp of the economics of owning and nor does he have any idea what the stock market has done over the past year and a half. He probably doesn’t even know how to go about buying a mutual fund.
Dave, I’m asking you what Europeans are going to be buying when the dollar does go to 1.35? And if the Europeans — who you say are the drivers of the Manhattan market — aren’t going to be buying, then who will?
“putting the money into your studio, you put it into the market)? ”
Warren Buffet just said over the weekend that anyone hoping to see the same appreciation in the stock market in the future as in the past, is a fool. He said that for the foreseeable future, the stock market will not be the place to make huge sums of money anymore.
To 1:47…as I mentioned, I am quite happy, so not sure why you’d try to knock that. Many, many people pay $2500 a month in NYC to RENT a studio. I’m building equity for the future, because I’d like to live in NY for the long term and not be paying $15,000 a month in rent when I’m 65. How silly of me.
And as I mentioned also, I could put my studio on the market today and sell it for at least 80K over what I paid for it about a year and a half ago. Even in this market…the lower end of the market is going great right now, actually and I wouldn’t be surprised to get even 100K over my purchase price if I were really lucky. I also plan to sell FSBO just like I bought the place so save on realtor fees.
Where in the world could someone with my income make 80K in investments in a year and a half?
Now, I’ll be happy if it never rises again, because to be honest, I’ll be fine with 100K even 3, 5 years down the road. Even half that will be great. As I said, I love my place. Wouldn’t want to live anywhere else right now.
That will be a great 20% downpayment on a 500K 1 bedroom. At that age, I’ll be 35, so I still have time to keep moving up the ladder.
You have to be an incredibly spiteful and jealous person to tell someone who is happy with their decision that they should be unhappy.
Projecting, much?
1:50 you’re out of your league…go read some Economics 101 text before you embarrass yourself again.. Its the weak dollar luring. If they thought it’d go to 2.00 they wouldn’t be buying. Use your head.
1:47 = epitome of a bitter renter
Dave, you’re being absurd. So the prospect of the dollar strengthening is what’s luring all those European buyers into the market? So what happens when the dollar does strengthen, and the euro no longer goes as far? Where are the buyers for the $2 million condos going to come from then?
Oh, right, they’re going to come from the US, or Wall Street, or somewhere. There’s always going to be an endless supply of buyers. And the fact that the price-rent ratio is completely outside of all historical bounds is irrelevant.
Keep believin’.
1:13, don’t you need to factor in the $15K a year or so you’re foregoing in lost investment income (that you’d be getting if instead of putting the money into your studio, you put it into the market)?
So actually, you’re paying about $2500 a month for a Park Slope studio. What a bargain! $2500 a month to live in a tiny little box.