Last Week's Biggest Sales
The sale of one of those bank-breaking Carroll Gardens listings was recorded last week—for almost $1 million less than it was originally asking. 1. CARROLL GARDENS $2,550,000 78 3rd Place GMAP (left) 3,100-square-foot, three-story, 23-feet-wide brick house. When featured as House of the Day in January, it was asking $3,495,000 and one of a new…
The sale of one of those bank-breaking Carroll Gardens listings was recorded last week—for almost $1 million less than it was originally asking.
1. CARROLL GARDENS $2,550,000
78 3rd Place GMAP (left)
3,100-square-foot, three-story, 23-feet-wide brick house. When featured as House of the Day in January, it was asking $3,495,000 and one of a new crop of super-pricey Carroll Gardens listings. As noted in March, the asking was reduced to $2,700,000. Deed recorded 5/9.
2. GREENPOINT $1,975,000
538 Graham Avenue GMAP (right)
According to StreetEasy, this 4-story townhouse was listed at $2,200,000 in January. Multi-residential building with eight units, six of which rent for market-rate and two of which are set to become destabilized. Deed recorded 5/8.
3. FORT GREENE $1,470,690
One Hanson Place GMAP
Deal was for unit 16BC at the landmark former Williamsburgh Savings Bank Tower. Deed recorded 5/7.
4. WILLIAMSBURG $1,427,990
51 North 8th Street GMAP
Unit 4D and a parking space at the North 8 condo. Deed recorded 5/7.
5. DUMBO $1,375,000
100 Jay Street GMAP
Closings at J Condo keep coming in. This one’s for a 22nd-floor unit. Deed recorded 5/5.
Photos from Property Shark.
wow. brokers really humped this one. keep spinning…
children are idiots when it comes to money. no grown-up should make an investement based on what rich kids are willing to pay on a whim at the moment.
Just wondering what is the difference between “being overvalued” and setting a high listing price? I don’t get your point. Even if they knew that they priced it high and were willing to come down, I doubt they initially intended to come down that much. They were testing the top of the market and they were wrong. (Not that they didn’t do pretty darn well in the end, anyway!)
5:49 well said. i think that all the new construction will be absorbed too over the next couple of years, and if there’s a slow down in new development in ’09 or ’10, then in about 3-4 years or so, prices are really going to sky rocket.
especially if new condos go rental. then, holy crap in 3 years.
The CG place was not overvalued just they Wanted to List it high. For a great Block and Wonderful Nabe you can get high prices. People have to understand 1 million more people are going to move to NYC and more and more people are moving to Urban cities. Places Like BOCOCA are the best you can find and people will pay up. If they don’t want to pay up then they can always try Florida or North Dakota or even New Jersey. not for me. Guess what i am a Renter.
Gee, I guess the fact that the CG place came down almost a million dollars means it was overpriced after all!
The Carroll Gardens House to me looks like a Great Buy in A great Area. Also Toll Brothers Know Florida and Know Zero about NYC. They Over exposed themselves In Florida and Now they are feeling the Pain, if they were so smart they would have seen the sky falling in Florida from a mile away. Brownstone Brooklyn Looks strong.
No way this makes sense as an investment. I looked at nice full floor apt last week around the corner on henry st for priced at $500-600k. 1 mil/floor days are over. That said, if $ is no object, it’s a nice family house in a great neighborhood.
“When one of the countries largest homebuilders comments on trends in a region you can stick the head in the sand all you want. Does not take a genious to connect the dots.”
Really. The comments on their conference calls 2 years ago were nothing but sunshine and daisies. People wish they’d stuck their heads in the sand after hearing those calls.