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.
3:02 = biff = bitter loser
actually, 2:58…thinking about the foam come out of your mouth as you type because you are still renting and missed the largest run up in housing prices is more a train wreck, in my personal opinion.
the envy is PALPABLE.
100 year old brownstones used to sell for a discount to comparable new construction (more work, cranky heating, silly layouts, no doorman, no a/c…). Fashions change and now they sell for a premium.
But in the end, neither the premium nor the discount can be very large, since too many people are willing to switch at the right price — or to renovate to make the old look new or v.v.
2:52 – not justification for tanking, but justification that prices are dropping in park slope. you shills haven’t been even been willing admit that. now stare at cold hard facts, losers. take it in.
tanking will come in due time. anyone want to place bets for the next broker to lay off a slew of i-bankers. this is going to be like watching a train wreck.
Most 100 year old brownstones will be mostly new construction by the time they are in a condition to warrant signing up for a million dollar mortgage.
Re rents are in line with sale prices. An owner who can get $3000 / month for a one bedroom is better off selling at any price over $500,000 assuming he values his labor at zero. Less if he expects to be paid for his work.
Are there $3000 apts for sale for $500,000? I haven’t found them. Even in places as wretched as Stuy Town, and what’s the point of living in the city if you are going to live there?
Speaking of Grand Army Plaza (apropos 2:46), does anyone have any idea how the Richard Meier units are selling?
I love the justifications for how 1.4 million (two of them) for 3 bedrooms apartments in Brooklyn is the sign of a tanking market.
These would have sold for 150K 15 years ago.
Brooklyn’s doing ok…
I pay $3900 for a nice 3-bed on Berkeley between 6th and 7th. Rented in 2007. After-tax cost of a comparable apartment would be about $5000 if I were to buy (not even counting closing costs). So prices would have to come down about 20% for it to make sense for me to buy.
Another personal anecdote that may or may not reflect the broader market.