Last Week's Biggest Sales
1. WILLIAMSBURG $1,575,000 74A Conselyea Street GMAP 74a Conselyea Street got some attention for its heavy-duty reno, even its own WSJ profile! This townhouse was a “hell hole” before it was bought for $800,000, gutted and redone, becoming an owner’s triplex with two more rental units. The cellar holds a laundry room and recording studio,…
1. WILLIAMSBURG $1,575,000
74A Conselyea Street GMAP
74a Conselyea Street got some attention for its heavy-duty reno, even its own WSJ profile! This townhouse was a “hell hole” before it was bought for $800,000, gutted and redone, becoming an owner’s triplex with two more rental units. The cellar holds a laundry room and recording studio, there’s a glass sun room and a private garden, red-cherry wood floors and African mahogany cabinets. (Check out this slideshow.) And what do ya think of that facade, which Curbed called “One of Williamsburg’s funkiest?” The listing went up in August for $1.695 million. Now that it sold, it comes just second to most expensive townhouse sales in Williamsburg, right after 180 Bedford. Entered into contract on 9/30/10; closed on 11/4/10; deed recorded on 11/16/2010.
2. DUMBO $1,500,000
204 Front Street GMAP
We’re scratching our heads looking at this old listing for 204 Front Street. On one hand, it is 3,000 square feet, with eight bedrooms and five bathrooms in a nice spot in Dumbo. But the pictures that came up when this house was first listed for $1,800,000 aren’t bowling us over. Either way, the home took a price cut but still nabbed a good sum. Entered into contract on 8/11/10; closed on 10/29/2010; deed recorded on 11/16/10.
3. WILLIAMSBURG $1,300,000
68 Skillman Avenue GMAP
68 Skillman Avenue was our HOTD this June. We were impressed by the shiny floors but thought it lacked either old charm or a sexy modern reno. The two-story, 2,500-square-foot house had just undergone a full makeover, though, and was asking $1,495,000. Average Reader Appraisal was $1,152,595. Entered into contract on 8/18/2010; closed on 11/5/2010; deed recorded on 11/19/10.
4. WILLIAMSBURG $1,392,456.88
2 Northside Piers, #3X GMAP
StreetEasy isn’t listing this particular condo at Two Northside Piers. Entered into contract on 6/6/2010; closed on 11/5/2010; deed recorded on 11/16/10.
5. BROOKLYN HEIGHTS $1,190,000
360 Furman Street, #428 GMAP
One Brooklyn Bridge Park has been owning the biggest sales lists. Streeteasy divulges this is a 1,523-square-foot two-bedroom two-bathroom that hung out on the market for 247 days. It was priced at $1.7 million, then $1,615,000.
Entered into contract on 7/22/2010; closed on 10/21/10; deed recorded on 11/17/10.
Photos via PropertyShark and Wall Street Journal.
“I’m not sure what you’re arguing since you routinely mention how astronomical rents are in Williamsburg.”
yeah – but it’s mostly outrage over how crappy a one bedroom non-lux apartment is in wburg vs another neighborhood. overall rents are still in line with the rest of gentrified brooklyn.
the luxury buildings aren’t even that much more than the downtown brooklyn towers.
but yeah, this is the end of what little ‘cool’ williamsburg had left, which is fine – that shit all moved to greenpoint and bushwick a long long time ago.
And p.s. yes, Williamsburg rocked it out this week on the Biggest sales list, but take note of the psf prices. Skillman Avenue sold for $520 psf, less than average at the NOVO ($650 psf)
Conselyea Street sold for $425 psf.
Yes invisible, Williamsburg is on fire. I fully understand that it’s a hot neighborhood with expensive real estate and rentals.
My point is that Williamsburg is doing in a handful of years what it took Manhattan 30 years to do….go from being affordable to an enclave for the wealthy. It’s a shame it couldn’t have happened a little more slowly, don’t ya think?
But NYC is all about change. In 5 years, there will be some other hot neighborhood to talk about.
I’m digging that townhouse on Conseylea Street!
I don’t know if they are greedier, but they certainly know that they have property in a super hot area and are, in many cases exploiting that (which they have every right to). I gave you one story of a dozen people I know over the past few years who gave up on the neighborhood they loved (Williamsburg) because they got tired of the yearly rental increases. Meanwhile in Brownstone Brooklyn, prices are high but seem to stay fairly stable because it’s not considered the cusp of trendy at the moment.
I’m not sure what you’re arguing since you routinely mention how astronomical rents are in Williamsburg. I’m agreeing with you, but you need to acknowledge how the neighborhood demographics are rapidly shifting from people who were paying $1400 for a 1 bedroom a few years ago to the new people arriving and paying $3500 for 1 bedrooms in those new developments. Not saying change is bad, but wine lover made it sound like it’s a good thing that rents are skyrocketing. I happen to disagree.
“van beardswick section of brooklyn” is on fire!!
11217 – you just described manhattan over the last 30 years. meaning, your comment appears to be completely irrelevant (wrong, in fact) regarding the price of real estate. nothing wrong with disliking transient neighborhoods, but the last time i checked the title of this thread it included the words “biggest” and “sales”.
which was trying to support this statement:
“It’s a large reason many people choose not to stay in Williamsburg….the idea that rents are pushing them farther and farther away is a stressful thing for most people in this city.”
which is wrong.
to say landlords in williamsburg are somehow greedier than any other neighborhood is incorrect.
Nope. Just mentioning a story.
“They lived on Devoe Street and their rent 5 years ago was $1450 for a 1 bedroom and by the time they left it was $2300. Their new place in Prospect Heights is a 2 bedroom and they’re paying $2100. And it has a garden. ”
So? Are you saying the experience of your friend is somehow representative of the entire rental market of one of the biggest neighbrohoods in brooklyn?