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.
OK, I’m writing from work, should not have said boston globe article is anonymous. I retract my comment about 8th street sellers since who knows where the truth is? Maybe sellers told the journalist they did not profit (maybe they did not want to admit the profit they made?), but maybe they were telling the truth. Not sure why sellers contacts would have lied either. Really, I don’t want to get bogged down on this – just a hazard of writing while trying to get my work done (yes, I do have a real job!) So forget it. Next.
muffy: the article is not anonymous. i think daniel mcginn (national correspondent for newsweek, published author with random house) and the boston globe would be offended to hear you say that. he quotes the seller herself which is at least as good if not better then the “various people” you know who say they knew the sellers personally. why on earth would they be motivated to lie in a national publication about barely breaking even if they’d actually profited?
11217 – I’m really no more repetitive than you are. I’m not deluded to think I can move any market, just pointing out the obvious, which folks like you don’t like to hear.
no one’s a bigger bitch than 11217.
what’s the matter with than nut job?
I also think it’s highlarious that Ms. Muffet tells people on here that they should sell now and get the last remaining drop of appreciation they can before hell breaks lose.
Sorry, but that’s not good for the real estate market, it’s certainly not good advice for people who haven’t either lost their job or gotten a divorce and most importantly it’s horrible advice for those interested in the overall health of Brooklyn.
I find her comments more creepy as time goes on. The way she just reiterates these things over and over. Unlike DOW’s advice, the repetitive nature of her posts basically numbs everyone to them to the point that I’d say very few people think that what she has to say holds much validity at this point.
But there will STILL be another post or 60 tonight from her telling us all this incredibly interesting and “new” news that prices are coming down!
“Absurd. Prices will bottom when Case-Shiller YOY approaches zero.”
DOW (l’ll keep using your old name): Prices wont bottom at the point you describe, they will have certainly reached a bottom BY this point, and QOQ and MOM graphs will have shown it for some time. The smoothing effect of using YOY numbers ensures that even conservatively a true bottom has been reached. Of course it may show a bottom 2 years or more after what we will eventually know was the bottom looking back.
11217: It is way more than 4 other people.
Muffett believes she can move the market. This is not shares it is a fairly illiquid market, maybe she can to some degree. Like the What, she peddles fear.
I disagree – I happened to have followed 8th street house closely since I knew various people who knew sellers personally – I was getting my info from them and not an anonymous article. And yes, bet 4/5 is not really “prime” but PPW is – though really these days what realtors claim is prime PS has stretched (and since this house is in PS39, they market that as better than, say, south slope blocks bet 4/5). Contrary to what you think, I often actually base my comments on specific research.
THANK YOU I disagree.
Who needs facts when we have Ms. Muffet to throw out her baseless conjectures all day, though…?!
i too am annoyed by miss muffett. what’s most annoying to me isn’t so much the nearly verbatim repetition (though that bugs and is, frankly, a little weird) of her position on where prices will bottom out – because she might be right. it’s that whenever we’re talking about any specific home, her comments to defend whatever she’s saying are based largely on supposition and assertions which are often just wrong. on 8th street, for example: 1) she says she thinks the owners still profited, though slimly (to suggest, of course, that we need not worry about sellers suffering), despite that the article i linked to specifically says they’re barely breaking even; 2) she says, without basis, that the quality of the work wasn’t “convincing” to her (to suggest, of course, that she was correct in finding it overpriced) despite that the sellers were pro renovators who did a Dwell-quality reno; 3) she says it must have gone into contract pre-meltdown (to suggest, of course, that the pricing is irrelevant and not reflective ), despite that the posting and street easy make clear that the buyer demanded a discount after it was in contract and the article talks about how the sellers were forced to sell due to job relocation; and 4) says this is somehow a harbinger of “prime” areas suffering big price cuts, despite that this house, which is on a nice but not exactly pristine block between 4th and 5th avenue, received a less than 10% discount from original ask in the middle of economic meltdown.