Last Week's Biggest Sales
1. COBBLE HILL $3,050,000 148 Baltic Street GMAP The two-family home at 148 Baltic Street was asking $2,985,000….this baby sold over ask! The listing describes the house as such: “This 20′ wide Cobble Hill townhouse configured as an owner’s triplex over a rental was gut renovated 8 years ago. Beautiful 19th century details blend seamlessly…
1. COBBLE HILL $3,050,000
148 Baltic Street GMAP
The two-family home at 148 Baltic Street was asking $2,985,000….this baby sold over ask! The listing describes the house as such: “This 20′ wide Cobble Hill townhouse configured as an owner’s triplex over a rental was gut renovated 8 years ago. Beautiful 19th century details blend seamlessly with the overlay of contemporary design.” Entered into contract on 2/24/11; closed on 5/18/11; deed recorded on 5/26/2011.
2. PARK SLOPE $1,962,500
288 7th Street, #2 GMAP
288 7th Street got a lot of talk when we called the converted building “just plain weird, with massing and proportions that don’t really work in our opinion and an overall look that’s more Disney than Old New York.” Checking in last month there was only one unit left. This particular unit is a three bedroom which had an ask of $2M. Entered into contract on 12/16/10; closed on 4/29/2011; deed recorded on 5/26/11.
3. PARK SLOPE $1,850,000
395 7th Street GMAP
395 7th Street was a HOTD in February. We said, “The one-family pad is in good shape and has been recently renovated. It’s major drawback is its size: It’s only 17.5 feet wide and three stories tall.” Asking price was $1,775,000. Another sell over ask last week. Entered into contract on 3/1/2011; closed on 5/2/2011; deed recorded on 5/27/11.
4. MIDWOOD $1,750,000
910 Avenue K GMAP
A two-family house with 1,576 square feet. Entered into contract on 2/7/2011; closed on 4/15/11; deed recorded on 5/23/11.
5. WILLIAMSBURG $1,527,375
55 Havemeyer Street, #55 GMAP
55 Havemeyer Street is a three-unit condo building that looks like it just sold out. The listing says “Each of the 3 newly built TH condos has an interior of approx 3400 sq ft or more comprised of 3+ bedrooms w/ 4.5 baths and exterior space of approx 200 sq ft or more.” Entered into contract on 4/18/2011; closed on 4/18/11; deed recorded on 5/27/11.
Agree with bklnite that certain neighborhoods would appear to be contradicting the national or even citywide trends. Real estate is not a monolithic market prone to moving in lockstep but rather a loosely connected series of submarkets that react to their own local rhythms and pressures. Certain parts of Brooklyn are only now hitting their strides in terms of attractiveness to homebuyers. i anticipate that these areas will continue to climb price wise in the nearterm.
Agree with bklnite that certain neighborhoods would appear to be contradicting the national or even citywide trends. Real estate is not a monolithic market prone to moving in lockstep but rather a loosely connected series of submarkets that react to their own local rhythms and pressures. Certain parts of Brooklyn are only now hitting their strides in terms of attractiveness to homebuyers. i anticipate that these areas will continue to climb price wise in the nearterm.
Once again, Minard. You are incorrect.
http://ca.finance.yahoo.com/news/Cities-most-billionaires-2011-forbeswp-1003887367.html?x=0
“Despite New York’s relegation to second place, the city remains a favored locale of billionaires, whose collective net worth is $221 billion. The Big Apple boasts some of the most expensive ZIP codes in the U.S., due in part to the real estate prices paid by billionaires in this city. Indeed, many Moscow residents own secondary homes in New York, including fertilizer and coal magnate Andrey Melnichenko, whose wife recently closed on a $12.2 million penthouse apartment. Even the world’s richest man, Carlos Slim (home: Mexico City), snatched up a $44 million mansion on Central Park last year.”
I think most of the world’s rich are happy to just visit.
Because the richest 10% of the world’s people own 85% of the world’s assests? And most of them own a home in NYC, or want to?
BHO, I asked for opinions of the pros, not the kooks.
We recently (closed last month) sold our Windsor Terrace house over ask, on the market 1 week. People seem really eager to buy houses in many Brooklyn markets right now.
Key word: “seem”
Sell your coop, Minard. Sell your house, Bklnite. WHILE the getting is still good. Why preoccupy yourself with your temporary, high flying valuation? Sooner or later everything will be dumped back on the private mortgage market and rates will blast off. Risk will be full price.
***Bid half off peak comps***
Opinions from the pros are bought and sold.
Objective analysis is not for sale. It only yields mayhem for the Brooklyn market, brownstones and all. Where do you think the banks are centered, AZ, CA, NV and FL? Ha! The epicenter is right here across the river. The world economy is falling apart (Greece, concealed bank losses, broke states and municipalities, you name it) but no one sees the shockwaves making their way back to NYC.
Keep buying. Can’t lose in RE. Prices only go up, up and away!
P.S. How’s that NYC Case-Shiller Index?
***Bid half off peak comps***