Last Week's Biggest Sales
1. GRAVESEND $4,700,000 2117 East 3rd Street GMAP All we can gather from StreetEasy is that this house is 2,185 square feet. Entered into contract on 11/23/10; closed on 11/23/10; deed recorded on 12/6/2010. 2. MIDWOOD $1,500,000 1056 East 31st Street GMAP This is interesting… this house was listed for $865,000 in 2009 and got…
1. GRAVESEND $4,700,000
2117 East 3rd Street GMAP
All we can gather from StreetEasy is that this house is 2,185 square feet. Entered into contract on 11/23/10; closed on 11/23/10; deed recorded on 12/6/2010.
2. MIDWOOD $1,500,000
1056 East 31st Street GMAP
This is interesting… this house was listed for $865,000 in 2009 and got price cuts for the significant time it was on the market. (The lowest it got was $799,000.) So it’s kind of mind boggling the Victorian home sold for so much more. Entered into contract on 11/15/10; closed on 11/15/2010; deed recorded on 12/6/10.
3. GRAVESEND $1,731,025
2085 East 3rd Street GMAP
Again, all StreetEasy has for us is that this house is 1,292 square feet. Entered into contract on 11/23/2010; closed on 11/23/2010; deed recorded on 12/6/10.
4. PARK SLOPE $1,495,000
17 Park Place GMAP
Marketed two years ago for $1,895,000 and then came back with a couple price chops. From the listing: “This uniquely designed three-story North Slope brownstone breaks tradition with skylights, glass transoms and tranquil, cool tones.” It is set up as an owners duplex with a first floor rental. Entered into contract on 8/14/2010; closed on 11/16/2010; deed recorded on 12/6/10.
5. MANHATTAN BEACH $1,425,000
120 Dover Street GMAP
This wraps up a Biggest Sales list which was dominated by South Brooklyn. StreetEasy shows that this three-bedroom detached home was on the market for awhile, sticking to the ask price of $1,725,000. It’s a duplex with a full-sized basement and a private driveway. Entered into contract on 9/8/2010; closed on 11/30/10; deed recorded on 12/9/10.
Photos via PropertyShark.
this is classic case of build a nice nice synagogue and THEY WILL COME. just make sure to own the parcels nearby too to take advantage
The Gravesend sales are perhaps the best examples of the location, location, location maxim I’ve ever seen
“This has been covered many times at Brownstoner. It is not mortgage fraud, and there is a zero percent chance anyone will default. It is a tightknit community with more money than we can ever imagine.”
Boo! You ruined the fun! It’s always fun seeing everyone’s panties get in a bunch about the notion that there’s a neighborhood outside of the Brownstone Belt that people are paying good money to live in.
“why would someone buy a house in gravesend when they could buy a house in the north slope!!” waaaaaa
The two Gravesend sales are probably in the famous Syrian Jewish synagogue area. Those prices are always mind-boggling.
The Midwood sale looks like a successful flip: a purchase as an estate sale for $700,000 in October 2009, followed by a full renovation, including new plumbing, and resale in November 2010 as a move-in property with a clear title. There are no recorded mortgages, so I don’t see how mortgage fraud can be suspected here.
The Syrian Jews who live in Gravesend own some of your favorite clothing stores, electronics stores, jewelers, et al.
This has been covered many times at Brownstoner. It is not mortgage fraud, and there is a zero percent chance anyone will default. It is a tightknit community with more money than we can ever imagine.
mortgage fraud? what on earth would make you think that?
Gravesend explained:
http://bk.ly/w51
mortgage fraud?
Look for some of these to default in a year or two; it would be nice to know who the lenders are.
I can’t believe someone would spend almost 5 mil to live in Gravesend of all places!