Last Week's Biggest Sales
Pretty slow week… 1. DUMBO $2,100,000 70 Washington Street, Unit 10G GMAP (left) Sale was of a 10th-floor unit at 70 Wash, which has been turning up frequently in our biggest sales roundup. Deed recorded 5/28. 2. SUNSET PARK $1,468,000 4115 8th Avenue GMAP (right) Two-fam with ground-floor retail space. Deed recorded 5/29. 3. WILLIAMSBURG…
Pretty slow week…
1. DUMBO $2,100,000
70 Washington Street, Unit 10G GMAP (left)
Sale was of a 10th-floor unit at 70 Wash, which has been turning up frequently in our biggest sales roundup. Deed recorded 5/28.
2. SUNSET PARK $1,468,000
4115 8th Avenue GMAP (right)
Two-fam with ground-floor retail space. Deed recorded 5/29.
3. WILLIAMSBURG $1,400,000
85 North 3rd Street; penthouse unit GMAP
Penthouse unit at Burg’s Mill Building. Deed recorded 5/29.
4. SUNSET PARK $1,035,000
740 56th Street GMAP
3,291-sf, 2-family brick house. Deed recorded 5/28.
5. CARROLL GARDENS $1,020,000
100 2nd Place, Unit 2 GMAP
According to StreetEasy, this 1,000-sf condo was listed for $1,180,000 at the end of May. (How is that possible? Anyone know?) Deed recorded 5/30.
Photo of 4115 8th Avenue from Property Shark.
both new owners in sunset pk only owe $400k mortgage on the property, they’re putting down $1m! 4115-8ave is not even prime commerical block, not worth that kind of money!
Funny thing is there are not any BLK people in Cobble Hill Or Bklyn Heights either. I am a Blk female in CG and I get along just fine.
shelltoe,
Yes, yes…price cuts…hhhh…
…but those were crazy prices to begin with. AND, notice they are all CoCoran listings (or do you work for their competition?).
Cobocram has been overpricing properties for years which end up sitting and languishing. Too bad. I would never use them…even though they recently sold the next-door property to us. I guess that particular agent was more reasonable…the place was overpriced initially but due to some weird stuff, a sale fell through and they ended up having to sell later for less (“later” not being the best thing right now for sellers!)…luckily not a whole lot less, but less. Or course, the owner was looking for a ridiculous profit considering.
Last week’s biggest reductions:
Washington Pk, Ft Greene [Corcoran 1114415]
– WAS 3.625mil, NOW 3.350mil
Prospect Pk West, Park Slope [Corcoran 1244282]
– WAS 3.250mil, NOW 2.995mil
52 Ft. Greene Pl [Corcoran 1228058]
– WAS 2.250mil, NOW 1.999mil
Willow Pl, Brooklyn Heights [Corcoran 1207202]
– WAS 3.450mil, NOW 3.250mil
[shelltoe]
CG has that great, old neighborhood feel, as long as you are white. I lived there for a while and the fact that I was in an interracial couple was a huge problem for the old-timers. I cannot tell you how many times I heard racist comments there (folks thought I wouldn’t care as I am of Italian descent). I couldn’t take it anymore, so I moved to PS.
So this conversation is getting unnecessarily sidetracked re the state of my finances… suffice it to say that I want to buy and I’m saving up, but it’s a long road.
I just thought it was interesting that a condo that’s just a little bit bigger than my rented apartment down the block sold for $1m, when if you follow the 15x rent rule of thumb you’d be paying Jersey City prices for my place. So either I’m getting a great deal (landlord craziness aside) or the dude who bought that place got hosed. Maybe both?
@Bold type guest
In progress. 20% of a 1br in Brooklyn is a lot of money, as I’m sure you know.
TP in CG
oh yeah, the downpayment.
i only make around 60K a year and i did it…
How about saving for a downpayment?