Last Week's Biggest Sales
Strongest high-end sales week in awhile. 1. PARK SLOPE $4,000,000 631 Third Street GMAP (left) When we had this as a HOTD back in May, the 4,150-square-foot limestone townhouse was asking $4,195,000. No price chops for what the listing called “the finest townhouse in Park Slope,” according to StreetEasy. Deed recorded 11/24. 2. BROOKLYN HEIGHTS…
Strongest high-end sales week in awhile.
1. PARK SLOPE $4,000,000
631 Third Street GMAP (left)
When we had this as a HOTD back in May, the 4,150-square-foot limestone townhouse was asking $4,195,000. No price chops for what the listing called “the finest townhouse in Park Slope,” according to StreetEasy. Deed recorded 11/24.
2. BROOKLYN HEIGHTS $3,125,000 (& $2,011,890)
One Brooklyn Bridge Park, Unit 1015 (& 1014) GMAP (right)
The same buyers paid $3,125,000 and $2,011,890 for two adjoining units at One Brooklyn Bridge Park. Unit 1015 is 2,361 square feet, with 4 bedrooms and 3 1/2 baths, while the 2-bed, 2-bath 1014 weighs in at 1,585 square feet, according to Stribling’s Bruce Ehrmann. The sale of unit 1014 also included a parking space. Deeds recorded 11/26.
3. PARK SLOPE $2,388,000
511 Third Street GMAP
A HOTD in early September, when the two-fam was asking $2,400,000. It’s nearly the same size as this week’s top dog, 631 Third, and only about an avenue away. Deed recorded 11/24.
4. BRIGHTON BEACH $2,275,000
120 Oceana Drive West, PH6 GMAP
1,776-square-foot unit in a Brighton condo. Deed recorded 11/24.
5. PARK SLOPE $2,150,000
52 Berkeley Place GMAP
This three-family house was on and off the market over the past year+, with an original listing price of $2.6 million, says StreetEasy. Deed recorded 11/24.
631 Third Street photo from Property Shark.
Polemicist: I have often disagreed with your comments. Perhaps you haven’t noticed since so many people on this site disagree with you. And, since one of us is actually paying attention, you rarely have an intelligent repsonse to criticism so I won’t waste any more time on you since you are not the brightest bulb on the tree.
Mr Joist:
If you honestly believe the “trading up” shell game can continue ad infinitum, there is nothing I could say in this post to change your mind.
I’m happy you believe in the fundamentals of capitalism, you just have to come to understand the fact that our financial system is not related to it. This city is a testament to the fact we need not have central banking, exotic financial instruments, or any of the other modern “innovations” that have resulted in the highest level of debt slavery ever known in history.
11233:
While I can’t recall you as being one of my detractors, I did not mean to insult you or anyone else. If you believe that my views are typical of the opponents with whom you frequently debate, then I’m sure you too can benefit from the arguments we have.
BrooklynGreene:
I’m really just trying to urge a median way, or at least an acceptance of ignorance. It seems most people on this site either believe the city will descend into chaos and anarchy or will continue to become a bastion for the rich. I’m not willing to commit to either view.
While I don’t think finance as we know it will recover, I do honestly believe New York City is well positioned to be an ideal place to live and do business. The question is: what will the business be?
There is a possibility the entire social and economic system of this country will collapse, and at times I think it will, but fleeing the city is not for me. That said, I do very much hope our many dilapidated small cities become vibrant again.
We all have the opportunity to play a small role in contributing to the ideas that will shape our future, hopefully for the better. Now is the time to make history!
So in short, I’m not all doom and gloom, yet.
11217 you’re an idiot “If things were as bad as some claim, we would not have had a 3% sales increase on the Black Friday. We would have had a HUGE decrease.”
Anybody with a basic understanding of what is going on knows that there were insane discounts and the retailers margins were hammered. Basically fire sales through out the city. Of course, Sat/ Sunday went back to abysmal sales #s. When Comme des Garcons and other ultra high end shops are having 40% off BEFORE december starts you know theres BIG problems. I’m assuming you know that the people who shop at CdG, Yohji Yamamoto are the upper echelon of society and what they’re saying is that sales are abysmal.
If you really believe what you say that NYC is not getting hammered you’re just an oblivious moron.
Miss Muffett just chill. I bet you will get the house your are looking for. Do not be irresponsible with your finances and future just be patient.
The What (But.. But I paid 1.7 million and now it’s worth 900k??????)
Someday this war is gonna end…
Well wine lover – in the year and a half that we’ve been very seriously looking to buy a house (although we’ve been perusing houses for years before that too), we bid on at least 4-5. For various reasons, even when we had accepted offers, we did not wind up getting (sometimes on our side, sometimes on seller side). But the experience has shown me that while yes, it is hard to find something you love (we’ve looked at literally hundreds of houses, and probably dozens in last 1.5 years), it’s not *that* hard. It’s kind of like a long-term relationship or marriage: it only takes one. So, one may have a wish list, but provided one has some flexibility/vision, there are actually a number of things that can work. (By the way 11217, this is why you’re wrong to think that I only care about the dollar value of a house – believe me, I care about much more and have become very educated about lay-out, finishes, block by block amenities etc). Anyway, I agree with chicken that, just because one can afford to overpay, why should one do so? Especially in this kind of economy, seems financially irresponsible. Despite the bile directed at my comments, no one has denied that prices are coming down.
Hi Asshats! I want to leave you with the diddy…
Manhattan Awash in Open Office Space
http://www.nytimes.com/2008/12/03/business/03blocks.html?_r=1
“Almost 16 million square feet is currently listed as available in large blocks in 68 office buildings in Manhattan, according to Colliers ABR, a commercial brokerage firm. That is nearly double the space available a year ago, both in terms of the number of large office blocks — which in New York usually means 100,000 square feet or more — and in terms of total square feet.”
“Those figures are widely expected to go much higher, said Robert L. Sammons, the managing director of research for Colliers ABR. He said it was difficult to get a handle on exactly how much space financial companies alone might put back onto the Manhattan office market over the next year or so.”
Lookie Here!! Wall Street is showing the Asshats the door! Hedge Funds are getting murdered! The “Artsy” Asshat crowd is going back to Nebraska! Leechferks Asshat are leaving! So what does that mean for Brooklyn?? When Manhattan gets cheap Brooklyn is going to get killed….
Boy I can’t wait for 2009, hot damn!!!
The What (But.. But.. they told me I can get 6000.00 a month…)
Someday this war is gonna end…
i don’t care what market this is. it’s frickin hard to find the place you want in this city. i describe it as “shit i don’t want at prices I can’t afford.” a broker buddy of mine says that every single buyer complains that they can’t get what they want at every price point imaginable even those with millions. i think that you have to decide past very superficial thoughts what it is that absolutely matters to you, so miss muffett just has gotten there yet.
Posted by: Polemicist at December 2, 2008 2:02 PM
“My point is that buyers rich enough to be paying $2 or $4 million in cash are exceptionally rare and almost all of them either make (or made) their money through usurious activities … People with that much cash did not make it through industry, producing necessary goods or services in demand by the people.”
Polemicist, I’m sorry, but that is just about the most moronic comment I have read in awhile on this blog. What about the buyers selling appreciated real estate and trading up? Plus, I’m quite interested in what you think qualifies as a “necessary goods or services in demand by The People.”
Now back to my anvil … have a few more horseshoes to forge, then butter to churn, then a barn to raise … see you at the Collective!