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.
You can’t always get what you want, but you can try, and try…
4:32 – Most of us on this board also wish we lived in the city. Since we can’t afford it, we live in Brooklyn.
Some people don’t want to live their entire lives in a crappy kitchen, crappy bathroom and with a crappy landlord, 4:32.
More power to you for not caring what your home looks like or having any control over it.
I am the West Orange person.
We drive all those miles because we have to go places on the weekends because it’s so damn dull here…beach, NYC, dance lessons for this one across town, clarinet lessons for the other on the other side of town. It’s a nightmare. We wish we lived in the city.
And our taxes are OUTRAGEOUS. I honestly would not recommend anyone to move to West Orange or to NJ for that matter. If you can afford to stay in the city, do it for as long as you can!
Nationally, one key reason that savings rates have gone so low is that homeowners assumed (wrongly) that their houses were doing the saving for them.
Another is that incomes haven’t risen in the middle 50% for over a generation, but houses have gotten bigger and more expensive, so people are trying to spend more to support their houses with the same income.
My own experience is that it is way easier to save as a renter. When you own, anytime you accumulate some cash, the furnace dies or the kitchen begs for renovation. Now that I’m renting, the kitchen still begs to be renovated, but there’s no way I’m paying for the renovation — and then for a rent increase to reflect the improvements I made in the apartment…
Not sure how someone in West Orange uses all that gas. West Orange has a very nice, walkable downtown, and fast, frequent trains into Manhattan. Of course you don’t get to pay NYC income tax like you do in Brooklyn, but then you can’t have everything.
nice work 3:42
Does anyone how these people are financing these large purchase????
I just lost a mortgage at 5.85% for 528k for a two family house b/c it was in surrogate court and now it has been very hard to get an extension- first the interest rates are up to 6.25% (if I am lucky) and the amount of money that I have in the bank is not satisfying the lender (Wells Fargo). There are 3 people going on the mortgage with close to 300k income and over 20% DOWN – Am I not “bankable” enough???????????????
“67% of New Yorkers have less than $11,000 in savings”