Last Week's Biggest Sales
Nary a brownstone in the lot. 1. DYKER HEIGHTS $2,480,000 8209 11th Avenue GMAP (left) A 1-fam, 4,290-sf house with a garage, according to Property Shark. Easy access to the Dyker Beach Golf Course. Deed recorded 7/23. 2. GRAVESEND $2,000,000 2090 East 4th Street GMAP (right) A 1-fam, 2,404-sf house with a garage, says Property…
Nary a brownstone in the lot.
1. DYKER HEIGHTS $2,480,000
8209 11th Avenue GMAP (left)
A 1-fam, 4,290-sf house with a garage, according to Property Shark. Easy access to the Dyker Beach Golf Course. Deed recorded 7/23.
2. GRAVESEND $2,000,000
2090 East 4th Street GMAP (right)
A 1-fam, 2,404-sf house with a garage, says Property Shark. Deed recorded 7/21.
3. MANHATTAN BEACH $1,500,000
4147 Ocean Avenue GMAP
2-fam, 3,523-sf house built circa 1960. Deed recorded 7/21.
4. PARK SLOPE $1,400,000
357 7th Street GMAP
Listed at $1,700,000 when we had it as an Open House Pick back in November. 2-fam, 2,076-sf house built. Deed recorded 7/25.
5. Wiliamsburg $1,296,000
120 North 7th Street, Unit 4D GMAP
Unit at the Sevenberry condo, where current listings range from $740,000 to $999,000. Deed recorded 7/23.
Photos from Property Shark.
11217, I think you misinterpreted what I said — I guess I wasn’t very clear. I think the mortgage fraud party is happening in deep Brooklyn, and, as a separate issue, I think Williamsburg is a dangerously overvalued and overbuilt market right now.
Most of the new condos in Williamsburg (and I don’t know if you’ve noticed, but there are MANY) are built on brownfields. There are environmental issues. There is a superfund site. There is a radioactive storage facility. There are also some great restaurants and a hipster mini mall, but I’m not sure those conveniences merit spending over $1MM on a condo, especially when that same amount will get you something pretty nice in areas with no transportation and environmental issues… or even, should you possibly want to live there, something in Manhattan.
Then again, I never understood the DUMBO and Tribeca thing either, so what do I know?
But to address your question about economic hard times — I suspect we’re still in the eye of the hurricane. What do you think is going to happen to all of these property values if interest rates go up?
Heather,
Why is it surprising that people continue to buy condos in Williamsburg? Other than watching the news and seeing economic reports, what exactly has changed for you in the past year financially? Anything? Are you burdened by the 4.00 gas?
I’m not being sarcastic at all, I’m just saying that some people’s lives have not at all changed. People are still making money…it didn’t ALL just dry up in the last year. I’m making more than I was last year due to a raise, so while I certainly feel for those people in areas of the country (and our city) which have been hard hit, I don’t understand why people think things are so dramatically different now than they were a year ago, other than the fact that you now have to have great credit to get a good mortgage (which is how it should and always used to be).
Life goes on, and economic hard times do not hit everyone equally. We are in a slow and perhaps rough time, and I’m not oblivious to the situation at all, but I hear people seem to suggest that no one buys homes in down periods, and that we all sit around and eat beans and rice, and I don’t understand it.
If I didn’t read the news or watch the television once in the past year, I would have ZERO idea we are in the midst of hard times right now. I still see restaurants packed, I was at a Broadway Musical on Saturday night which was sold out, people seem to be shopping, bought myself some new clothes this weekend.
People all over the world live through hard times all the time. Those of us here who are reading brownstoner for fun should consider ourselves lucky to have the luxury of commenting on a blog about million dollar real estate.
I just keep wondering if sales like these are the last gasp of the mortgage fraud party.
And how Williamsburg can really be so full of people willing to spend that much on a 900 square foot condo.
Definitely agree with you Flatbushwhacker. Staten Island isn’t for everyone (and not for me), but neither is Dyker Heights, and certainly not with a 2 million price tag. To me they are pretty similar except for Dyker costing 3 times more in this case.
troll, it happens to the best of us. 🙂
11217, thanks as well for posting the article. I remember when it came out but thought it was worth another read.
The ferry may be 25 minutes, but it only runs every half hour during off-peak hours, and only hourly during the overnight. Plus, once you’re in Manhattan you need to switch to the subway, unless your destination is within a reasonble walk from South Ferry.
There are some very attractive neighborhoods on the north shore, but they’re not right at the ferry. I like the areas around Sailors Snug Harbor and near Alice Austen Park, but they’re at least another ten or fifteen minutes by bus from the ferry. I’d consider north shore SI as soon as I’d consider a two-fare zone in Brooklyn, which in my case would be never.
Biff – you’re right. I had a weak moment. No coffee this morning…:(
that was a very interesting article. Thanks for posting.
Not a bad find. We have relatives in SI though, and although I’ve seem some individual nice houses (including some very old stuff) the restaurants and shopping there leaves a lot to be desired. Apart from the Sri Lankan places in St. george.