Last Week's Biggest Sales
Quite a chasm between 31 PPW’s original listing price and what it eventually sold for. 1. PARK SLOPE $2,375,000 31 Prospect Park West GMAP (left) As chronicled in a HOTD post in late July, this 2,800-square-foot one-family was first listed for $3,250,000 in April. There were several price cuts in the months that followed ($2.6…
Quite a chasm between 31 PPW’s original listing price and what it eventually sold for.
1. PARK SLOPE $2,375,000
31 Prospect Park West GMAP (left)
As chronicled in a HOTD post in late July, this 2,800-square-foot one-family was first listed for $3,250,000 in April. There were several price cuts in the months that followed ($2.6 million was its lowest asking), and it went into contract in September. Deed recorded 11/21.
2. PARK SLOPE $1,802,500
239 8th Street GMAP (right)
Per StreetEasy, this 2,920-square-foot, two-family was originally listed at $1,995,000 in late May. There were smallish price cuts in June, July, and this month, before it closed. It last sold for $835,000, in September 2006. Deed recorded 11/19.
3. MANHATTAN BEACH $1,500,000
270 Dover Street GMAP
1,895-sf, one-family built circa 1915, according to Property Shark. Deed recorded 11/21.
4. FORT GREENE $1,406,250
137 South Oxford Street GMAP
3,520, three-family, according to Property Shark. We’re curious about the lack of a listings trail on this one. Anyone know what the story was? Deed recorded 11/19.
5. BROOKLYN HEIGHTS $1,331,670
One Brooklyn Bridge Park, Unit 1008 GMAP
Sale included a parking spot. Deed recorded 11/19.
239 8th Street photo from Property Shark.
I mean “it applied to SF also” not “only.”
Snarkslope, is that Case-Shiller figure for SF specifically or the Bay Area as a whole? Actually, I have to confess the figure of 10 to 15 percent is only for Palo Alto and I was playing fast and loose to suggest it applied to SF only…but I would think it does!
I looked at the foreclosure rates by county over the weekend, and there were a surprising number in SF. Hardly any at all in Marin County. Zillions in obscure parts of the Bay Area I didn’t even know were actually in the Bay Area, like Sonora.
If SF is down nearly 30 percent, that’s incredible. Of course, it will probably disappointingly turn out to be only houses in Hunter’s Point and faux “lofts” south of Market that have dropped, while Victorians in the Mission have tripled in the last five minutes or some such thing.
“DOW/25 to 50: What’s up with the new moniker? I suppose it is the fact that your first name goal has been “accomplished?” ”
Yeah, DOW was getting boring now that it has arrived. 25 to 50 (% off brownstones and apartments) is my new call.
Whoops, logged in incorrectly. Gotta get used to this new handle.
“Are you actually in the market for a house? I guess you made some money shorting.”
Yup, in the market for a browstone. Nope, didn’t short (dangerous game). My DOW 8000 was more of a prediction for the housing market. I wasn’t in the markets until now. Huge long term opportunities in stocks. Just have to pick the right ones.
“Happy Turkey Day … better enjoy it because next year who knows what we all eating”
oh no!!!!
The economy is going to force us all to eat tofu-turkey!
to all those who thinks 50% drop in home prices in Manhattan & elite Brooklyn is impossible you should youtube “Peter Schiff” … he predicted the financial meltdown exactly back in 2006
the last 7 years of economic growth was built on debt and now the US government is printing money like Zimbabwe … WE’RE all in deep trouble
Happy Turkey Day … better enjoy it because next year who knows what we all eating
Aw shucks 11217. Really, I do think we agree more than we disagree. Here’s to Brooklyn, and a happy holiday to all.
Happy T-day to you too Ms. Muffet.
I don’t hate you. Things just got a little hot and heavy today. We all show our love for Brooklyn in different ways. I apologize if I offended you.
My sense of humor is also incredibly dry and sarcastic, so I’m sure I come off a lot more harsh than I sound in my head…
Guys – I just want to clear up a misunderstanding: it is not that I necessarily *want* the market to tank 50% since I understand that a drop of that amount could mean other undesirable things could be going on in our neighborhoods. On the other hand, I don’t think a major price fall *requires* that everything else go to hell, since prices went up so far, so fast, so a 50% drop brings us back to say, levels at around 2003-05 (depends on exact property of course). I’m also not saying a 50% drop is inevitable – I’ve said many times that no one can really know. A significant drop of some kind is pretty much agreed upon by all at this point, but the size and length of the downturn cannot be predicted fully since there are still too many moving parts. Anyway, I agree with wasder that folks should have as a baseline some good will towards Brooklyn to participate in these discussions and I certainly share the desire for Brooklyn to succeed. To the extent that I do want prices to come down, it’s not just for my own selfish reasons (though of course, I would like at last to be able to buy an affordable family-sized home in the good school zones we’ve prioritized), but also because I truly believe it will be a good thing for first time buyers to have a chance to buy into my neighborhood now that things will become affordable. So although 11217 slings lots of mud at me, we actually do have this in common, and I suspect other things too. Happy Thanksgiving to all, even you 11217, despite your feelings about me!