Last Week's Biggest Sales
No listings readily available for the Slope sales—anyone know how much they were asking, or how long they were on the market? 1. PARK SLOPE $3,000,000 409 8th Street GMAP (left) 2,511-sf, single-family townhouse. Last sold for $1,375,000 in February 2006, according to Property Shark. Deed recorded 9/24. 2. PARK SLOPE $1,865,000 481 4th Street…
No listings readily available for the Slope sales—anyone know how much they were asking, or how long they were on the market?
1. PARK SLOPE $3,000,000
409 8th Street GMAP (left)
2,511-sf, single-family townhouse. Last sold for $1,375,000 in February 2006, according to Property Shark. Deed recorded 9/24.
2. PARK SLOPE $1,865,000
481 4th Street GMAP (right)
An LLC purchased this 2,748-sf, four-family (all rental, perhaps?) property. Deed recorded 9/26.
3. BAY RIDGE $1,435,000
234 80th Street GMAP
4,632-sf, two-family house built circa 1925; has a garage. Deed recorded 9/24.
4. WINDSOR TERRACE $1,330,000
1670 10th Avenue GMAP
This one was an Open House Pick in late May, when it was listed at $1,425,000. According to its listing, the 55-foot-deep house was configured with an owners’ lower duplex and a top-floor rental. Deed recorded 9/24.
5. WILLIAMSBURG $1,320,990
North 8 condo, Unit 6G GMAP
Original asking for this 1,224-ft unit in the Toll Brothers’ development was $1,195,990; the higher sale price likely reflects the fact that a parking space was included. StreetEasy records show that it went into contract about a year ago. Deed recorded 9/24.
Photos from Property Shark.
bktycoon – Not paying much attention to the European economy, are you?
BKTYCOON: If you ever talk to any of the europeans walking aroudn the neighborhood you’d realize that many of them are working in NY, many in the financial services sector. They will be impacted in many of the same ways. The bottom line is that high prices have been driven by willingness and ability to pay higher prices. In this credit crunch, the willingness will sure be there but the ability won’t as banks simply are going to lower the loan amounts given to the most qualified of buyers.
“pulling money out of crashing stocks and investing in real estate equals rising property values, not too difficult of a concept.”
What is this, a GMAT question? I’ll take a swipe at it.
pulling money out of crashing stocks and [dumping into crashing] real estate equals rising [stupidity, an asinine] concept.
bktycoon, that’s true, but it is very likely that the Europeans will be affected by what we’re currently experiencing with respect to real estate prices and bank failures in their own necks of the woods. Don’t be so sure there’s an endless number of them with the desire and means to migrate here.
Rookie, is this the 8th Street place?
http://www.twotreesre.com/search/qsearch/?id=153&form_display=30
Looks like it was listed at 3.1. Looks amazing.
Not sure how much longer we will be able to rely on the Euros – from what I’ve heard in passing a number of Euro banks have either failed or have been having troubles (I haven’t really read up on it) Fortis is having some serious problems.
WHy does everyone on this blog continuously fail to point out one additional x factor into the BK RE equation:
EUROPEANS!
Take a stroll on 7th ave in PS, Grand Army Plaza, Montague St or on Dekalb in FG and listen to how many ppl speak one of the romance languages. So long as the dollar keeps getting weaker, these high prices in the most desirable nabes will hold strong bc BUYERS STILL EXIST!!
Oops, I meant I chuckled, not chucked. (really, I don’t take this blog that seriously…)
Hey z, I chucked at the Miss Muffett bot spoof – but come on, there’s a lot of repetition among others here too, not just me. And believe it or not, I do have other comments from time to time (i.e. gave some advice on a bathroom reno!).