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.
billy…in this stock market, that is probably not true. But there are still a lot of people out there who can spend over $2MM and/or have multiple residences. I think that some of you long-time brooklyn residences just haven’t come to grips with it having happened in brooklyn and continuing to do so.
I will once again, to the dismay of all of you, bring up my analysis that there are thousands and thousands of Manhattan condo owners who can sell two and three bedroom condos still for $2-4 MM with typically a 100% gain and come over to buy $2MM brownstones for cash. Brooklyn real estate has gottten a lot more press over “there” in manhattan.
Its actually pretty silly to draw any conclusions from any of these “best” or “biggest” whether they be buys or pricechops. They are fun to look at, but they are individual data points in a sea of thousands. 3 players a week being able spend big on properties won’t do anything for the general NY market. Just like 3 or 4 forced sellers won’t drive the market to a crash.
There is plenty of room for debate and some will be right and some wrong, its just that trying to extrapolate the helath of ordinary housing stock based on the biggest or best is begging for misinterpretation.
Except real estate is local.
ditto: You are right. Prices in sections of Brooklyn (like Bed-Stuy) have already come down significantly since the highs of 1 – 2 years ago. Since my neighborhood doesn’t get much attention on highest sales, people surfing this site won’t see it.
The house in Park Slope that got $4 million is a very unique mansion–I can’t remember seeing a house like that on the market in a long time. No matter what crisis we’re in, there will always people with lots of money, and they will pay a premium for special properties. It’s not an indication of the broader market. This has always been the case, historically. So really, the bulls should not get too excited.
People who spend over 2 mil on a house probably are not affected by the economy, when will this fact penetrate the naysayers heads?
It was many months ago when certain people were scoffing at such sales; pointing out that they represent contracts that were signed months before that. Now almost a year later, as high end homes continue to sell, we hear the same thing.
This doesn’t mean (as certain posters like to misinterpret and twist words) that we are in denial that the majority of people are suffering financially these days. It does mean, however, that there are people who can still afford and will continue in the future to be able to afford, to pay the prices shown above.
NYC is not immune, prices are crashing in some areas. Park Slope and other highly desireable areas may well continue to do fine, along with second choice hoods like WT. (No offense, I don’t live in PS and I like both PS and WT). Our viewpoint may be skewed because of the desirability of brownstones and their consequent resistance to price reductions. But don’t think NYC itself is immune.
WIP,
I had no idea 237 14th was back on. Do you know the story? The price seemed like a high water mark for a big South Slope frame (even with the outbuilding). Can’t imagine the new owners will get that again or more in this climate (even if you don’t think the sky is falling).