Last Week's Biggest Sales: Slope Supreme
All about the Slope this week. 1. PARK SLOPE $2,855,000 590 2nd Street GMAP (left) House originally listed for $3,200,000 late last year and then reduced to $2,995,000 this spring. Two-family, four-story brownstone. Deed recorded 7/02. 2. BROOKLYN HEIGHTS $2,792,500 69 Joralemon Street GMAP (right) Can’t find a listings trail for this one. Property Shark…
All about the Slope this week.
1. PARK SLOPE $2,855,000
590 2nd Street GMAP (left)
House originally listed for $3,200,000 late last year and then reduced to $2,995,000 this spring. Two-family, four-story brownstone. Deed recorded 7/02.
2. BROOKLYN HEIGHTS $2,792,500
69 Joralemon Street GMAP (right)
Can’t find a listings trail for this one. Property Shark has it as a 3,040-sf two-family. Deed recorded 7/03.
3. PARK SLOPE $2,788,000
130 Lincoln Place GMAP
Asking $2,995,000 when we had it as a House of the Day in early March. Two-family brownstone. Deed recorded 6/30.
4. PARK SLOPE $2,400,000
22 POLHEMUS PLACE GMAP
3,240-sf, 1-fam townhouse. Listing MIA. Deed recorded 7/03.
5. PARK SLOPE $1,725,000
398 Bergen Street GMAP
Asking $1,750,000 when it was an Open House Pick in February. Last sold for $1,140,000 in May 2005. Three-fam, 2,400-sf. Deed recorded 7/02.
Photo of 69 Joralemon from Property Shark.
When prices are lower than comps, the condition was worse and the market is booming.
When a house sells above asking price, it is the sign of a booming market.
When a house sells below ask, the asking price was obviously too high, and the market is also booming.
Please, those P.S. homes sold for quite heathly prices – the asks were just a tad outrageous! (Not making any predictions on the market, just sayin…)
I think you’re right Lenny.
Native, I think single family townhouses were down slightly but 2-4 family were up 5% for the first half of 2008, and even more YoY, non?
Whoa hoe hoe Nelly!
Park slope is the shiznet for realz!
Naysayers all sellers add a little elbow room for the hagglers it’s part of the game.
Actually, the latest Corcoran report posted here and completely mangled by Gabby showed that prices were down yoy in the latest quarter for coops and condos. I think townhouses were also down but I forget.
The worst is yet to come but let’s face it, nothing very bad has happened to prices. Christ, prices are up YoY. Be grateful (for many reasons) that you don’t live in Fresno.
The latest estimates are that the loss to the S&P 500 financial firms will top 1 trillion (yes trillion) dollars. Granted the way the dollar is declining, 1 trillion dollars was worth 33% more just three years ago than it is today, but even as week as the US $ is, a trillion is a lot of money. Guess what’s the biggest industry in New York fellas, yup Wall Street. Guess who’s hiring all those high priced NYC corporate lawyers to work on the M&A, takeover, IPO market – yup Wall Street. Speaking of IPOs, anyone happen to know how many start up IPOs were brought to the market in the last quarter? 0. That’s the first time since they started keeping track over 20 years ago that that has happened. As a final observation, I’m noticing that those bullish on the NYC housing market have now shifted from arguing that NYC or “Brooklyn” is holding up to arguing that the prime areas of Brooklyn are holding up. What’s next, the Slope and the Heights are still holding up. Then you’ll hear that Prospect Park West and Third Street are still holding up. You’ll finally hear, it’s got to turn around soon. It will, eventually, but the real estate market usually runs in about 7 year cycles which means we’ve got another few years on the downside to look forward and I’m saying this as an owner and not a “bitter renter.”