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.
It’s so ironic to me that the doomsayers always come out every week on the thread telling us about all the properties that SOLD for multi-millions trying to convince us the world is coming to an end…
You could at least pick a different thread where it doesn’t seem so idiotic. Like how about the ones where things AREN’T selling…
1:57 – well that makes no sense. they have 2 buildings in brooklyn. that’s it. there are hasidic guys who own more property!
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.
1:30 – i am a condo owner in Williamsburg and in my building there are apts that were bought as investments and rented out. one california couple owns 2 apts in fact that they rent out.
point is that many will continue to buy as investments in this area because the rental market in the burg is through the roof. rents are going up in my experience as much as 25-30%. apts. are broken into 2 bedrooms then 3 bedrooms and the rents go up each time. for those of you who are interested, there is a chance with the market down now to go into a condo building that already has a c of o and people have moved in, but maybe they have a one bedroom left. the sponsor may deal with you. i saw a great apt for this in the Aqua (on the park). unfortunately i don’t have any $$, but this is my dream – to live off of rental income of brand new apts that don’t need any work!
fyi – you can rent an apt in williamsburg in less than an hour. my cousin has a studio loft thats $2900 per month (isn’t that a lot?). he was the first to see his place and he took it within 10 minutes.
Taking advice from Toll Brothers on the overall health of the Brooklyn real estate market would be like asking Dolly Lenz about her take on the suburban Little Rock market.
FYI: the toll bros comments are being discussed on curbed – the northside piers is the high rise – this is really just a problem for them about that building. they are building at least 1 and probably 2 more buildings as part of that development. So, the 2 other bldgs will block the views of the existing building (for the most part) AND then if you move into the existing building, you have to wonder about construction. However, i do know someone who bought as an investment in that building and has a tenant already, and i do feel like it would make an amazing rental building. it is very nice and has great amenities and waterfront access, and for now, views.
the other toll bros building in williamsburg – the one being discussed here only has 2 remaining apts according to the site and everyone who bought has moved in already, so obviously, that was successful for toll bros. and, i think the remaining 2 apts are not even finished yet which is why they are empty.
IMO – i do not think that the northside piers high rise situation should be applied to the entire market – it’s too unique.
Do you know anything about Toll Brothers, 1:22?
Where do they have projects in Brooklyn??
Williamsburg. And the not yet even cleaned up Gowanus site.
Toll brothers info does not apply to Brownstone Brooklyn, because I don’t believe they have any projects here.
They build new, glassy, overpriced condos in Williamsburg. And I’ve been saying the Burg will be in trouble for quite some time.
Referencing a primarily suburban developer with their take on the overall health of the Brooklyn market is quite ignorant on your part.
Toll Brothers said that Brooklyn has faded. I would not call that healthy
I know because it was my house, 1:16.
And we got full ask.