Last Week's Biggest Sales
Nice price on the South Slope house. 1. BOERUM HILL $2,399,000 52 Dean Street GMAP (left) Sale was of unit 1A plus a parking spot at the Smith N Court condo on Dean. Street Easy is showing that only one unit in the 23-condo development is still up for grabs. Deed recorded 5/22. 2. CLINTON…
Nice price on the South Slope house.
1. BOERUM HILL $2,399,000
52 Dean Street GMAP (left)
Sale was of unit 1A plus a parking spot at the Smith N Court condo on Dean. Street Easy is showing that only one unit in the 23-condo development is still up for grabs. Deed recorded 5/22.
2. CLINTON HILL $2,300,000
149 Greene Avenue GMAP (right)
3,240-sf, two-fam in the Clinton Hill historic district. The house was last purchased in late ’06 for $1,330,000. Deed recorded 5/19.
3. FORT GREENE $2,100,000
98 Lafayette Avenue GMAP
When we had this one as a House of the Day back in October, its inflated asking was $2,655,000. Four-story, L-shaped lot. Deed recorded 5/21.
4. SOUTH SLOPE $1,765,000
303 13th Street GMAP
Wood-frame house asking $1,895,000 only a few months ago. Deed recorded 5/23.
5. DUMBO $1,480,000
One Main Street GMAP
12th-floor condo in Dumbo’s pricey Clocktower building. Deed recorded 5/20.
Photo of 149 Greene from Property Shark.
Re: 13th Street – another way to look at it is that it sold for $775/psf for something that was renovated to the hilt. Again, still expensive but some sellers think they can get more than that, and that’s where they are crazy. I think that if there were not Charrette Properties, this would have sold for significantly less – call it the “Charrette mark-up”. And yet, even they are not immune to market’s downward pressure. They renovated another house on 12th Street which is having trouble selling (several offers have fallen through…) and my guess is that it will go for significantly less…
The 13th St house was renovated by Charrette Properties. Since they have made a name for themselves, they have their fans (and their detractors, I must say – some people specifically warned me NOT to buy one of their homes). But because they are a kind of “brand” some people like, I think that’s partly why it went for a lot. That said, I recall people claiming there were bidding wars on this place or at least that it went for ask, and that of course, is not true. While the sales price is high, 130K below ask seems like a good sign to me – as someone who’s looking to buy a house roughly that price range, and thinking that prices are still very inflated, this points to things softening and heading down compared to the past. Last year, it seemed that even the inflated ask prices would fly, and at least now in this market, many sellers cannot expect to get ask, and often have to settle for substantially less. I think that as inventory grows, that trend will strengthen, since inventory has been low. But note to all sellers: don’t panic – you’ll still be cashing out for far more than you paid so for god’s sake, don’t complain…
8:51, this is prime Clinton Hill. If this was closer to Franklin Avenue and the Bed-Stuy border and you called it prime, I would question that.
I don’t know, 8:51, what make something “prime Clinton Hill”? This house is a couple blocks to the subway and extremely close to the grocery store. I’d rather live here than down in the “prime” areas of, say Washington or Clinton Aves near Myrtle. That said, I wouldn’t want to be across from those courts. I remember when this was originally for sale and, I believe, we on brownstoner discussed the bodega that used to be on the corner and how strange it was. It is now the restaurant Speakeasy. Things change!
Back before Smith St. was gentrified it was always Boerum Hill. After it gentrified, Cobble Hill laid claim to it.
Something smells about that Clinton Hill sale. That is *not* prime Clinton Hill. No one in the thread seems to be picking up on it, though. Wonder what the story is.
ha ha–that’s true 6:04.
“Just sold my studio in North Slope for 399K two weeks ago. Bought it in early 2007 for 275K.”
The problem with that story, delightful as it may be, is that you’ve been posting that exact same tale for SEVERAL MONTHS now.
Yeah 5:42 that building is truly an architectural masterpiece