Last Week's Biggest Sales
Pretty strong week in the brownstone belt. 1. BROOKLYN HEIGHTS $2,450,000 150 Henry Street GMAP (left) This one didn’t take long to sell: According to StreetEasy, the 4,312-sf house was listed for $2.5 million in early May and went into contract a few weeks later. Its listing noted, “Beautiful detail and great proportions but in…
Pretty strong week in the brownstone belt.
1. BROOKLYN HEIGHTS $2,450,000
150 Henry Street GMAP (left)
This one didn’t take long to sell: According to StreetEasy, the 4,312-sf house was listed for $2.5 million in early May and went into contract a few weeks later. Its listing noted, “Beautiful detail and great proportions but in estate condition, needing everything. Legally a two family plus professional space, the possibilities abound. Great for a developer or an end user, but not for the faint of heart. Will be delivered vacant.” Deed recorded 10/29.
2. BOERUM HILL $2,350,000
440 Pacific Street GMAP (right)
This townhouse, on the other hand, stayed on the market for quite a bit longer than 150 Henry. StreetEasy shows the listing first appearing in October ’07, with an asking price of $2,450,000. The 3,360-sf, two-family property went into contract this September. Listing verbiage: “Owner’s spacious triplex features a gorgeous double parlor with a dramatic living room and a WBFP, floor to ceiling windows, 12′ high ceiling and wide plank oak floors. An open chef’s kitchen with an island is facing a garden and a large tiled deck…High income large floor-thru apartment on the garden level has a separate entrance.” Deed recorded 10/29.
3. COBBLE HILL $2,300,000
211 Congress Street GMAP
3,732, 2-family house was listed for $2,500,000 in mid-June and went into contract in early September. Deed recorded 10/28.
4. PARK SLOPE $2,175,000
865 Union Street GMAP
Asking $2,550,000 when we had it as an Open House Pick in late March. 4,024-sf, two-family, turn-of-the-century house, by Property Shark’s reckoning. Deed recorded 10/27.
5. SOUTH SLOPE $1,995,000
237 14th Street GMAP
Listed for what it went for, $1,995,000, when it was an Open House Pick in July. 2,893-sf, three-family, wood-frame house. Deed recorded 10/30.
Photos from Property Shark.
i think the condition of the houses is what made the houses more or less equal.
Impressive that a house in Boerum Hill (aka Gowanus) could fetch almost as much as one in Brooklyn Heights. What a world!
All the contracts were signed prior to October 1 and therefore do not reflect today’s market realities.
brownie – do you not follow business news? We’re not even close to bottom in nyc. Look at articles from NYT in 92 and 93 for a cold splash of reality (and all economic indicators are suggesting we’re in for a deeper recession than the late 80s/early 90s one)
slick…to be honest, those of us who avail themselves to “independent contractors in the ‘entertainment’ industry” are even starting to feel the pinch. I’ve told all of mine that next year will be a year of belt tightening and less belt loosening!!!
the local economy still hasnt hit bottom yet. Unless jobs in finance can be replaced by independent contractors working in the “entertainment” industry, NYC still has some room to fall.
Plus higher taxes and such will also affect prices.
Manofelt — I would say no. I don’t even think it should have sold for that much when it did. But there continue to be people crazy enough. I still haven’t gotten over that someone paid $3million for a house on 8th Street between 6th and 7th. Who are these people? Are they Europeans who would have paid twice as much for a dumpy house in the UK had they not been relocated? I just don’t get it.
I looked at the Union Street house. I think it sold for the right price at the time. Would get less now. It is a gorgeous limestone from the outside. But it needed a lot of work (had no functioning kitchen, baths were hideous and a whole section of the house smelled of urine even through the incense the brokers tried to use to cover it up) but it has good bones. I passed on it because I’ve lived on that block of Union before and I hated the traffic. In the summer you can’t open your windows because the exhaust from the cars sitting in traffic wafts into the windows. Also a very noisey block due to foot traffic from the 2/3 at all hours.
Does anyone here think that a frame house on 14th between 4th and 5th (no matter how nice) would sell for 1.95 mil today?