Last Week's Biggest Sales
Sweet premium on the Prospect Heights house. Aside from that, however, it was a pretty sluggish week, with no sales over $2 mil. 1. PROSPECT HEIGHTS $1,820,000 401 Park Place GMAP (left) Asking $1,695,000 when we had it as an open house pick in early March. 2,495-sf, 1-fam house. Deed recorded 6/19. 2. BOERUM HILL…
Sweet premium on the Prospect Heights house. Aside from that, however, it was a pretty sluggish week, with no sales over $2 mil.
1. PROSPECT HEIGHTS $1,820,000
401 Park Place GMAP (left)
Asking $1,695,000 when we had it as an open house pick in early March. 2,495-sf, 1-fam house. Deed recorded 6/19.
2. BOERUM HILL $1,725,000
233 Dean Street GMAP (right)
House originally listed in January for $1,750,000, according to Street Easy, and went into contract in mid-May. 3,780-sf, 4-fam. Deed recorded 6/18.
3. PARK SLOPE $1,485,000
172 Sterling Place, Unit 7 GMAP
3-bed, 3-bath last sold for $1,485,000 almost exactly a year ago, according to Street Easy. Deed recorded 6/17.
4. PARK SLOPE $1,400,000
70 8th Avenue, Unit 1 GMAP
3-bed, 2.5 bath originally listed for $1,595,000 last September, according to Street Easy. Deed recorded 6/20.
5. BOROUGH PARK $1,325,000
1552 55th Street GMAP
2,640-sf, 2-fam house. Deed recorded 6/20.
Photos from Property Shark.
9:06/9:11 – what are you so disappointed by? The huge run-up in prices often celebrated on this blog? The many who gloat about all the money they’ve made? Or the fact that there is a healthy debate over the current state of the market? I don’t quite understand your problem – please clarify.
For those who say renters have no money/means/sense. Some have already sold property, and are taking their time about getting back in (i.e. someone trading up). I agree that nice rentals (2-3BRs) in prime areas are actually NOT that hard to find at reasonable prices (below 4000/K) despite what some would want to make you believe. Really – go through Craigs List, talk to brokers, and you should find that out yourself. And some have been saving for years, only to see the market run up and up and up, and now are finally seeing a possible window of opportunity in the next year or so – I know many people like this.
Hmmm, I keep reading about how Wall Street is in for more pain, not that they are “ahead of the curve”. Things look pretty gloomy for the forseeable future…
Why is there total denial by some that prices can stagnate, soften and yes decline? 9:06/9:11 sounds like a very angry person indeed. Markets are cyclical, we’ve just had a huge run-up, and many statistics point to a softening of the market. No, that does not mean the sky will fall, and things will crash, but when we’ve seen the biggest run-up in history, it seems perfectly credible that that run-up will stop (which it has), soften, and then, eventually go back up in the long run. Question is, when will it pick back up. Of course, timing markets is notoriously difficult, but actually real estate is easier to time than other markets since things in real estate happen quite slowly. So, when the writing is on the wall (as it is now), it can help make decisions that are much harder to make in, say, the stock market, which can change much more radically day to day. Anyhow, I for one am actively looking (lucky to have sold some places in the past and have cash) and will not hesitate to buy something that is reasonably priced (or open to reasonable negotiation), but will not settle for overpaying when many properties are clearly becoming more negotiable. As for those who point to how much rent you will have wasted in the meantime, I would say that there is an equal if not greater risk that you could overpay right now with an adamant seller with an overpriced property, and chances are likely that with time, that seller will have to negotiate. There are numerous properties in prime areas that have had price cuts for this very reason – I sure would not have wanted to pay the initial ask, when in some cases, the prices were later slashed by 200k.
Yes, I have to agree with Long-Time Reader.
This heavy reiteration of the rising tide of street assaults in CH is tiresome. There are lots of muggings all over, including PS.
There is a sad tone of racism on this thread and an apparent desire to bash neighborhoods that have African-Americans still living in them.
Look, I don’t care who you are or where you live, a long (or even short), lonely walk from the subway on a very quiet street late at night can be nerve-wracking anywhere in the big city.
I used to be nervous walking from the 6 at 77th to the low 80’s and Park (location inexact to protect identity)… and if you think it is all relative, that I was a scaredy cat UES’er (okay, chuckle…maybe I was!), a friend was violently mugged on that walk and a car window was smashed and the stereo grabbed RIGHT in front of our doorman entrance! Gads!
Anyway…
BASTA with the Italian word “Ghetto” or at least implying it the minute we hear of any mugging no in PS or BH.
Yes, CH has houses selling for a lot more than most houses in Brooklyn. It cannot be denied.
FortGreeneGardener (in suffering with Long-Time Reader)
Dear 9:56,
Nope. Just someone who gets mildly annoyed by what this website has devolved into. Not a seller, just a disappointed long-time reader (from the autumn of 2004) who wishes that Brownstoner would moderate once in a while.
Sincerely, 9:06/9:11.
9:06/9:11/9:30 = the seller
Dearest 7:45,
How’s it going tonight pilgrim?
I just wanted to reach out to you, and wish the very best and longest beat down possible in broad daylight tomorrow. Also may your ipod be turned sideways and shoved up your ass right after your 2 front teeth are kicked across the street.
Kind regards,
A BK Head
9:06 pm again.
And to the ever so well-informed who call Clinton Hill the ghetto, and throw around a recent ‘crime spree’ (ooooh) as a reason to quarantine and judge the entire neighborhood, have a look at comparables and then get back to us. Just a couple weeks ago there was a Just Sold house posted here on Brownstoner – on Greene, across from the basketball courts between Washington and St. James – that sold for, guess what, $2.1 million! I guess that person – and their TWO MILLION DOLLARS – didn’t rely on the opinion of anonymous couch potatoes in making that investment decision!