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.
There are 3 others on lincoln place that they can’t sell. 2 diferent brokers have called me about these places.
“A house on Lincoln Place in PS just closed for nearly 3 million recently as well.”
Really, you know the ACTUAL closing price, do you? Any more unrelated threads you want to post that comment on? Food and Drink roundup perhaps?
a williamsburg condo just under 1.5 mil – of course, it’s across from the water, but – that’s a lot. market cannot be all that bad if it’s a good building/good apartment.
if you think the market looks healthy I suggest you go to listen to the Toll Brothers conference call from yesterday.
A house on Lincoln Place in PS just closed for nearly 3 million recently as well.
Market looks pretty healty from here.
A little research will show that this isn’t an investment play.
Even more interesting is that it’s an example of the allegedly mythical “UWS buyer” moving to Brooklyn.
I don’t understand how this would work as an investment play, frankly. First, that zoning change is about to happen, and I believe work actually has to start to be grandfathered in. And, even if you could go up, floor through condos aren’t selling at 1 million / floor these days. I think there are few languishing on the market on Henry Street for less. By the time you factor in construction costs and carrying costs on the mortgage for the building time, I just don’t see it working. Especially in this market.
The CG house is purely an investment play, trying to develop a multifamily property on that plot before any zoning changes happen. That block is still zoned as a wide street because of the garden, so they can go 6 floors there. Its the only way that price makes sense in that location. Sad, but true.