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 found you rather full of doom and gloom today compared to your normal self. You used to extol the virtues of urban living…Do you still? Since you’re “on the ground” so to speak, I guess you’ve been seeing this in real time.
Do you still think urbanism is the answer? Is it the safest place to ride out the future or should we move to small town America (with farms nearby)?
I wish these discussions (above) wouldn’t turn into such vulgar displays of youthful frivolity but what can we do?!
“This site has been enormously helpful over the years in learning to anticipate how the average person thinks about real estate economics, economics in general, and land use public policy.”
– Polemicist
You are the most average of posters, Polie. Your attempts to be insulting are transparent. Grow up.
HellsBelles:
Thank you for your support. Fear not, a lot of my work involves adversarial negotiations or legal actions – so this is nothing.
It’s pretty fun actually. Many of my detractors have fairly typical views. This site has been enormously helpful over the years in learning to anticipate how the average person thinks about real estate economics, economics in general, and land use public policy.
I think Prime Park Slope rents are more expensive than parts of the Upper East Side closest to the river, Murray Hill, and parts of the Lower East Side for sure…
I’m not saying this is good or bad news, just saying what I think and have heard from others who have looked. I wish rents were a little lower so more people I know could afford it.
Ms. Muffet…I’ve always believed that Park Slope is Flatbush to 15th Street and PPW to 4th Avenue. I don’t know what the debate is about…those are the neighborhood’s boundaries.
Sure, there are pockets within that geographic area which are less expensive than others, but the whole neighborhood is pretty darn pricey.
Yes, but which neighborhoods in Manhattan???
The thing about “Park Slope” is that it’s a big neighborhood with a lot of variability. Maybe a grand place right on the park in PS321 is on the more expensive side, but there are *lots* of more modest properties (apts and houses) further from the park or further south that are a whole different ballgame. So, when people say “rents in Park Slope are more expensive than parts of Manhattan” I wonder where exactly in Park Slope? Where in Manhattan? Real estate is often very specific to a particular block, specific property, etc. That’s why some properties (the grandest ones, in the very most coveted locations) may hold up slightly better than the properties that need more renovation, have less than ideal layouts, etc. From our long search for property, there are actually only a handful of really prime places out there (at least in our price range, under 2mil) since so many places do need quite a bit of work or involve pretty significant compromises.
Isn’t Streeteasy the site where last week supposedly cheaper rents in many prime Manhattan neighborhoods than in prime Brooklyn….so that would tell you how reliable their info is.
I’ve been hearing for 2 years now from friends looking to rent that Park Slope is more expensive than a number of Manhattan neighborhoods.
“This blog has basically become a repository for people slowly being driven insane by their obsession with NYC real estate.”
OMG, that describes me to a T.
Polemicist – please don’t get discouraged by the idiots venting on this board today. Thank you for some insightful commentary.