Last Week's Biggest Sales
There were plenty of interesting big-ticket sales lodged in city records last week, from the Slope house that went for a quarter mil over asking to the pricey Brighton Beach condo… 1. PARK SLOPE $3,000,000 128 Lincoln Place GMAP (left) Asking $2,750,000 when profiled as a House of the Day a few months ago; 2-fam,…
There were plenty of interesting big-ticket sales lodged in city records last week, from the Slope house that went for a quarter mil over asking to the pricey Brighton Beach condo…
1. PARK SLOPE $3,000,000
128 Lincoln Place GMAP (left)
Asking $2,750,000 when profiled as a House of the Day a few months ago; 2-fam, 4-story brownstone. Deed recorded 2/6.
2. CARROLL GARDENS $2,050,000
277 President Street GMAP (right)
2-family house purchased by an LLC; is being partially demolished. (Possible condo conversion, or just renovations?) Deed recorded 2/7.
3. CARROLL GARDENS/GOWANUS $1,975,000
112 BUTLER STREET GMAP
Modern townhouse originally listed at $2,250,000 in late ’06; price chopped last year. Deed recorded 2/7.
4. BRIGHTON BEACH $1,950,000
135 Oceana Drive East GMAP
Penthouse unit in the Oceana Condos, a resort and condo complex. Deed recorded 2/6.
5. FORT GREENE $1,705,000
341 Adelphi Street GMAP
2-family house in Fort Greene Historic District. Last ask=$1,823,000. Deed recorded 2/5.
Photos of 128 Lincoln and 277 President from Property Shark.
Amen about the families with kids part. People crap all over people with children and cars, but if they decamp for easier living elsewhere, this city is in trouble. Happened before.
“crotchfruit”–that’s pretty good, though I prefer the more effervescent “cunt dumpling.”
As long as families want to continue raising kids in NYC (you know…the same ones you berate over and over again, even though they have been one of the primary causes for the skyrocketing home values in nyc) things will be fine.
In talking to people, I hear more and more who are disgusted with the suburbs, the rising cost of gasoline and heating and their footprint on the earth, so I really don’t see it changing anytime soon.
So next time you make fun of that Park Slope mom, please realize that her decision to stay here and breast feed her crotchfruit at Two Boots is a MAJOR reason why your home is worth more than it was 2 years ago, while most other places in the country are seeing declines.
I am depressed every day, that is why I post on these boards – Only to get attention and validation.
So sorry asshats I just cant help myself.
The What
Someday my vallium prescription is gonna end…
To me it looks like Carroll Gardens Park slope and Cobble hill are holding up very nicely. If we go into a recession it wont last long and will minimally effect brownstone Bklyn.
ummmm….you said we’d be in a depression in november 2007 and now homes are selling for 250k over ask and W. Buffet is injecting billions of dollars into the bond market.
you don’t really have any idea what a depression is, do you?
Actually I think I know who the What is.
He is Paul Krugman of the New York Times.
Krugman has been warning us about the demise of American capitalism and the US econmomy for the past fifteen years.
I agree with 2:44 insofar as the conversation is just about full single family brownstones in the nicer parts of Brooklyn – the pool of buyers for these is relatively small but very financially secure (no one else can affors $2m plus for a place to live). But no one here should be foolish enough to think that one or two anecdotes of brownstones selling well means that the NYC market as a whole is going to get out of the current situation unscathed.
Middle market co-ops and condos are not doing well at all right now. Everything is sitting on the market and/or seeing price cuts. And I don’t expect it to get better, especially with banks laying off and/or freezing their hiring of junior and mid level people who are generally the most active buyers for mid-market apartments.
I agree with 2:44. It’s all about the trend.
Brownstone Brooklyn is hot right now but it is foolish to think it will stay hot forever. It has nothing to do with the economy, NY makes its own economy, it’s about what people want.
It’s hilarious to me how the less people have to contribute to a conversation, the louder they yell. It’s kind of like car alarms. The crappiest, cheapest cars have the loudest, most sensitive alarms — like anyone wants to steal your ugly ass geo any time soon, keep dreaming.
As far as the sales, rich people aren’t gonna turn poor any time soon, and the trend for brownstone living is growing. The only thing that will lower the prices of brownstones is if the trend — the aesthetic of a lifestyle in old homes, in old neighborhoods — goes out of style. Right now, no one wants to live in a loft or a condo anymore, at least from the loaded people I know. And actually, even the art kids are all looking for a brownstone apartment “But everyone wants to live in a brownstone nowadays” my friend Jen said, after reporting that she wants to move out of her bushwick warehouse space asap.
One day, the trend will change and the prices will go down. NOthing to do with the economy, not because we’re immune to it, but because new yorkers just care more about life style than security. (Working your ass off in a cut-throat environment shifts your priorities).