Last Week's Biggest Sales: Closing Time at One BBP
While we couldn’t find the exact sizes of the Brooklyn Bridge Park units that sold, they’re probably all over 2,000 square feet, given the average asking prices in the building. 1. Fort Greene $2,375,000 76 South Elliott Place GMAP (left) 3,200-sf, 3-fam townhouse was asking $2,795,000 when we had it as an Open House Pick…
While we couldn’t find the exact sizes of the Brooklyn Bridge Park units that sold, they’re probably all over 2,000 square feet, given the average asking prices in the building.
1. Fort Greene $2,375,000
76 South Elliott Place GMAP (left)
3,200-sf, 3-fam townhouse was asking $2,795,000 when we had it as an Open House Pick in March. According to StreetEasy, the listing price was reduced to $2,395,000 before it sold. PropShark records say it last changed hands almost exactly a year ago, for $1,950,000. Deed recorded 10/9.
2. BROOKLYN HEIGHTS $2,350,000
One Brooklyn Bridge Park, Unit 636 GMAP (right)
One of several closings at 360 Furman over the past couple weeks. According to StreetEasy, the average listing in the building is a touch north of $1,000/sf. Deed recorded 10/7.
3. BROOKLYN HEIGHTS $2,275,000
One Brooklyn Bridge Park, Unit 436 GMAP
Deed recorded 10/6.
4. BROOKLYN HEIGHTS $2,075,000
One Brooklyn Bridge Park, Unit 629 GMAP
Deed recorded 10/9.
5.DUMBO $1,890,000
One Main Street, Unit 12K GMAP
1,414-sf unit in this record-breaking condo. Last sold for $1,150,000 in 2003. Deed recorded 10/8.
Photo of 76 South Elliott from Property Shark.
Wasder – I say congrats on finding a house you love. Sounds like you’ll be there a long time so don’t worry about all this market stuff. And focus on your kids – they are what’s most important! How great that you have a lovely home for your family but what really matters is how you spend your time in that home.
The Housing stock everywhere will go down. Especially in Brooklyn and NY. Whether thE stock market goes up or down. (I believe it has to retest the lows so I think it will go back down before you see any true upward movement. One thing that people don’t understand is what the government is doing cannot be sustained. It will work for a while but sooner or later we will pay the piper. Interest rates are headed higher in the future because people will be afraid to lend us money. We are in a huge whole fiscally and its getting worse. With a increase in Interest rates our economy will again slow. With the inability to borrow comes another delevering cycle. I see no chance of housing going up. Our economy may do well if we can find a huge oil field or develop tech that eases the US’s dependency on oil. But housing is heading down. It will probably take another 18 months to see the low. And when the price cuts come they will come fast and hard.
Sebb,
The site has changed because we are now in the throws of what may be the worst economic disaster this country (and world) have seen in over 70 years.
Get a clue.
You REALLY need to read the news and get your head out of the sand.
I disagree–that was quite a jumbled metaphor I laid on my as yet unborn second child! Will try to refrain from such excesses in future.
There is a certain grammatical laxness to both Sebb’s and What’s postings. Opposite sides of the same coin? Would fit the “What is schitzophrenic meme”.
Query: Is sebb really the What? Discuss.
“Of course I wish I could have waited a little longer before leaping in but the new baby coming down the pike forced my hand this summer.” wasder wins the mixed metaphor contest! good luck with the (forceful) little one!
11217 the reason that people think I am crazy is because the site has changed from a bunch of Bull owners except for one idiot named What to a total Bear renters site. So if that is the way MR.B want it then fine. BTW keep dreaming the market will collapse.
I would guess that I got a deal close to 25% below comps, but as we know it is a highly subjective process to identify proper comps. Of course I wish I could have waited a little longer before leaping in but the new baby coming down the pike forced my hand this summer. As it was though I still feel like I got a lot of house for a decent price and good rental income so I feel secure in my decision. Don’t think I will be buying any more property though.