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.
Yes, there are a lot of clueles Manhattanites like myself with huge gains in 1 & 2 bedroom condos that can come over and buy in Brooklyn with lots of change to spare. This is one of my favorite rants supporting Brooklyn prices to some degree over any other area. It’s the quality of the housing stock (brownstones) and the fairly low inventory as compared to manhattan condos & coops.
Billyboomer, I’m guessing by your name that you live in Williamsburg? Who exactly but “clueless Manhattanites” do you think have been buying all of the hideous garbage that’s been slapped up in Williamsburg over the past 10 years?
Personally I’m glad they did as it’s transformed much of Brooklyn into a livable place again, but you need to take a look around you dude.
“but maybe rich euro trashites, clueless Manhattanites and empty nest surburbanites are its main victims???”
And those are exactly who have allowed for the Brooklyn (and NYC) housing market to not implode over the past couple years like it has in the rest of the country.
Ever heard the saying…”don’t bite the hand that feeds you”
11217: 1976? they bought the place last year. Ask yourself this question. If you were a seller right now where would you move to? that is the question there are not many places to move to. NYC will do just fine.
“You need to look further out to see any significant price drops.”
There are no significant price drops yet, anywhere. We’re just getting started. The home price effects of this deepening and darkening recession will lag by years. You’ll see.
Nowhere is immune.
So that 450K is before agent fees, taxes, and cost put into the place. Still a good sum of money but more around 275K-300K. Which is good money, if you make it in a year.
Oooppppps. Yes, Thursday. I’m off to get a haircut now so I look my best for the ladies!!!
I do not understand the appeal of One Brooklyn Park either, but maybe rich euro trashites, clueless Manhattanites and empty nest surburbanites are its main victims???
I agree that inventory is tight, sebb. But, price movement lags economic health. The collapse is not a one-week or one-month or one-quarter event. It is a process on its own schedule. Defaults, unemployment, divorces (rampant tendency during recessions) and relocations are on a long term rise. Pressured and forced sales will dump properties and increase inventory significantly over time.
Taking snapshots is useless. Keep the cameras rolling.