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.
I love the person who keeps talking about the Fed’s “bail out” of Bear Stearns as being the beginning of end and, accordingly, how any closing price pre-March is no longer valid. Hello, read the newspaper ever? The impact of the Fed’s actions vis a vis Bear Stearns was to invigorate the markets – Wall Street getting a free ride, knowing that Uncle Bernanke will step in (with taxpayer money) to remedy investment banker excess! The credit markets since then have begun to improve – you know, the ones that with margin and collateral calls brought storied Bear to its knees. Of course it takes time for this to trickle down to Joe Homeowner, but Wall Street is always ahead of the curve – bankers are getting over the crisis; Joe Homeowner will benefit next.
its not hard to find cheap rentals in the area. I rent a HUGE 3 bed plus den for 3200 on st. marks by Flatbush.
Also saw several really nice 2 bedrooms when I was looking in the 2200-2300 range but they didnt work out.
and outside of that I know someone who rents a 2bed in a great building off Cortelyou on 16th street for $1450
My fear is we sell now, plunk the money down and then the bank goes belly up. Wouldn’t it be nice to lose one’s account in a bank mess!
Ugh!
Maybe we’ll sell our house quick and then buy gold and hold that for a while…not sure how…Anyone know the best/safest way to do this?
Thoughts?
And “BK heads” have always seemingly had a much lower IQ as well…
Sigh.
True that! BK heads have always called Manhattan the city.
Great post from 4:03. Until people start renting out their nicely renovated townhouses with long term leases, it is hard to compare owning vs renting on these types of properties.
With these prices, I’m glad I own:
Rents for Manhattan apartments remained generally flat in June compared to last year, according to a monthly survey by the brokerage Real Estate Group of New York.
Prices for one-bedrooms in non-doorman buildings dropped the most, by 4 percent to $2,859, while studios in non-doorman buildings rose by 2.1 percent to $2,190. Two-bedroom prices fell by 1.8 percent to $4,069.
In doorman buildings, studios showed a .2 percent drop to $2,642; one-bedroom increased 1 percent to $3,786; and two-bedrooms fell by 1.1 percent to $5,700.
Brooklyn Heights was called the suburb because at the time Brooklyn was a separate City
Where is Manhattan?
– Brooklyn resident