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1. GRAVESEND $5,150,000
1996 East 5th Street GMAP
There isn’t a lot of information on 1996 East 5th Street. All we could pick up is that it is a 2,400-square-foot one family on a 4,000-square-foot lot. The Property Shark photo isn’t revealing much either. Entered into contract on 1/11/11; closed on 1/11/11; deed recorded on 1/18/2011.

2. GRAVESEND $3,385,000
2085 Ocean Parkway GMAP
This two-family home is big: 4,266 square feet on a 6,000 square foot lot. What do you make of it from the photo (on right)? Entered into contract on 12/3/10; closed on 12/30/2010; deed recorded on 1/21/11.

3. PARK SLOPE $1,536,392.81
638 President Street GMAP
This condo sale comes from the once-controversial development in Park Slope. There are four units in the building and StreetEasy shows two selling over $1M. This particular four-bedroom unit is a duplex with a private roof-deck and a balcony. It was listed for $1,749,000 in 2009 and got gradually price slashed. Entered into contract on 12/3/2010; closed on 1/7/2011; deed recorded on 1/20/11.

4. BOROUGH PARK $1,300,000
1618 51st Street GMAP
This is a two-family, two-story, 5,180 square foot house. Entered into contract on 6/3/2010; closed on 12/31/2010; deed recorded on 1/18/11.

5. PROSPECT HEIGHTS $1,095,000
1 Grand Army Plaza, #6D GMAP
This latest sale at On Prospect Park was for a one bedroom, two bathroom. That’s a lotta money for a one bedroom, but the layout does afford extra space with the possibility of a convertible bedroom. It first went to market for $1,500,000 then came down to $1,300,000. Entered into contract on 8/25/2010; closed on 12/30/10; deed recorded on 1/21/11.

Photos via PropertyShark.


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  1. tybur6,

    the nerve, calling me a “potty mouth”. Clearly you take the cake on that front. Your “concrete” thinking limits your understanding of the motivation for the city to provide abatements. Look at the long term, just like your bike lane analogy…”long term benefits”.
    I just stumbled upon this one, but more confirmation about your abilities… keep up the good work

  2. what up y’all. what i disappear for a few months and the same folks and same comments. very soothing.

    btw, in this case 80-90% of the chump change comes from the chump, er, bank that is to say.

  3. Note that the rules for the 421(a) tax abatement program for new construction were changed effective june 30, 2008, to become much stricter. The project only needed to have ground broken by that date, however, which is why many “brand new” buildings are still trumpeting this abatement. Over time, however, there will be fewer such abatements, except in areas that actually need it.

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