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.
The What is Britney Spears, out at last.
I’m glad that Butler Street house closed. I always liked that house.
Carroll Gardens has consistently had some of the biggest sales for the past few weeks.
We have felt it. NYC area prices fell something like 4% in 2007.
They are not really expected to drop much farther though. Perhaps another couple percentage points. Clearly from this thread, prices are still quite healthy.
The worst does seem to be over although things will be rocky for quite some time, but I don’t think anything more than 10% drops will be felt inside prime Brooklyn and Manhattan.
By 2010, I believe prices will be starting to rise again, but hopefully more in line with the average 5% a year as in the past.
We are past the worst of the national R.E. crash and here in NYC, we have not felt it at all. But then again, when the rest of the country is doing well again we may have a bust. NYC people march to different drummer -if you haven’t noticed.
277 President was offering $1.5M. I don’t think it sold for over $2M.
The bubble is over, 1:31.
And the crash is well under way. And actually probably nearing an end within the next year or year and a half.
What you fail to realize is that NYC is different.
“Market crashes always occur in the same manner. Regardless of the market, the same simple psychological underpinnings are always at work. People who are caught up in a bubble never look back for historical examples. For this folly, they become paupers.’
250K OVER asking.
WOW.
Right smack in the middle of the WORST news about the credit crisis.
How interesting….