Last Week's Biggest Sales
1. GRAVESEND $10,250,000.00 451 Avenue S GMAP The sale of this one-family home came in as the priciest BK sale this year. As we said last week: “Simply on a price-per-square-foot basis this has got to be one of the biggest sales ever in Brooklyn history, though for total dollars it trails other Gravesend sales…
1. GRAVESEND $10,250,000.00
451 Avenue S GMAP
The sale of this one-family home came in as the priciest BK sale this year. As we said last week: “Simply on a price-per-square-foot basis this has got to be one of the biggest sales ever in Brooklyn history, though for total dollars it trails other Gravesend sales like 450 Avenue S, which sold for $11,000,000 in 2003, and 2111 East 2nd Street, which sold for $10,260,000 in 2009.” This home comes in at 2,914 square feet. Entered into contract on 5/5/11; closed on 5/5/11; deed recorded on 5/19/2011.
2. PARK SLOPE $2,850,000
35 Prospect Park West, #8-9B GMAP
Curbed beat us to the punch on this one, writing yesterday that “this duplex at 35 Prospect Park West finally closed for $2,850,000 last week after asking a high of $4,950,000 all the way back in 2008.” This was our Co-Op of the Day when it was asking $3,000,000. We thought it was a beautiful apartment and wondered how low the price could go. Now we have our answer. Entered into contract on 4/28/11; closed on 4/28/2011; deed recorded on 5/18/11.
3. WILLIAMSBURG $2,392,887.50
34 North 7th Street, PH1B GMAP
There isn’t a lot on this penthouse unit at The Edge. The sale includes a storage space. Entered into contract on 3/29/11; closed on 4/28/2011; deed recorded on 5/20/11.
4. MIDWOOD $2,200,000.00
1677 Ocean Parkway GMAP
1677 Ocean Parkway is a two family with some vacant land. According to StreetEasy, the 5,175-square-foot home sits on a 5,600-square-foot lot. It was asking $2,200,000. Entered into contract on 2/16/2011; closed on 5/9/2011; deed recorded on 5/18/11.
5. COBBLE HILL $2,175,000
14 Tompkins Place GMAP
The listing for 14 Tompkins Place says this: “Currently used as a two-family, this three-family townhouse needs a complete make-over, but your investment will be well spent on lovely, tree-lined Tompkins Place.” From the few pictures it still looks like this house has some surviving details. The ask was $2,350,000. Entered into contract on 1/10/2011; closed on 5/12/2011; deed recorded on 5/20/11.
Just missed the cut: 307 Adeplphi, a renovated townhouse asking $2,690,000, closed for $2,000,000.
A lot of these Gravesend sales were purchased by an LLC or a trust, what is the benefit of doing that?
no one is arguing that these are not very very wealthy people. Few impoverished souls would be in need of laundering ten million dollars. Many thought Bernie Madoff was too wealthy and sainted to do anything crooked either. Just because you are rich doesn’t mean you are above reproach. what a silly notion.
I don’t think bringing up the diamond industry is going to help your side of the argument as far as clean money goes.
It’s not money laundering…McKenzie (per usual) doesn’t know what she’s talking about. These guys RUN the diamond district and make a sh*t ton of money.
BH, oh right right.
Yes yes. All money laundering from Latin America. Just last week I saw Chavez chilling on a porch of 450 Avenue S drinking mojitos. How could I forget!?
Kens – you’re doing it wrong. You don’t pull on the rope; you let it out more. The rest takes care of itself.
I have it on good authority that all the WASPs buying $4 million townhouses in Brooklyn Heights are just laundering their Wall Street money. Only the NY Times would believe that Brooklyn has actually as desirable as Manhattan for yuppies!
Yes mcKenzie, and the local Yeshiva has 100K a year tuition so if you have 3 kids middle/high school age you’re shelling out 300K in tuition yearly. Yeah, all money laundering…and the fact that each car in the driveway is at least 60K and almost each family has at least 3 is also money laundering. You have no idea what you’re talking about. I worked for some time for some of these folks and you have no idea how much money garment businesses bring them. Every single pair of socks you buy at any big retainer with a PUMA or a NIKE or a FILA imprinted on it is owned by a Syrian. They hold some of the biggest exclusive licensee contracts for accessories. Everytime you shop at Rainbow, Anne Sez, Century21, etc., the profit goes to a Syrian. Get a clue dude.
On the Adelphi house: Why list it for $2.69MM when you’re willing to sell it for $2MM? Would have been better off listing at $1.90MM, and getting bid up to $2.1MM … maybe, I didn’t like the renovation myself, so wouldn’t have bid on it for any price.