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.
FWIW, sales transactions since Thanksgiving have been UP over last year, but sales dollar value has been flat — of course, because everything is madly on sale. 70 percent off at Saks, anyone?
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.
Smoke pot then?
😉
P.S. Sebb – I meant I’d buy in Brooklyn, not NJ. I’m not a big drinker, and even all the bile on this site does not make me need to drink!
Pole, thanks for the response. What you say wrt to new development data could be true. I virtually never look at new developments/developments under construction; that’s not what I’m interested in. I only look at existing residential buildings.
I would guess the issue, is there is one, is not vetting the data, as you said.
Like SnarkSlope, I’ve found the information on existing residential homes accurate and the sales figures have matched the Acris data for every sale I’ve checked.
Sebb – if prices don’t go down much, I’ll probably just buy a place at a modest discount, instead of a big one.
“Honestly, it’s probably as simple as they don’t vet their data.”
I think you are right on that. I’ve noticed that the data seems more suspect/unclear on new developments.
“the data on StreetEasy. That site is bunk. Don’t trust it.”
Really? I know this is only “anecdotal” information, but my bf recently sold a place and bought another. The Streeteasy data posted on both transactions is accurate.
Biff Champion:
I don’t do too much residential real estate, so I can’t say I’m a great expert with the site. I’d imagine their data for existing buildings is probably more accurate than new development product where deals can be in contract for years. My particular experience today is purely with new buildings that are currently under construction.
All I know is I have a stack of contract listing from a major Manhattan residential broker (who could potentially testify on the matter) and I just compared it with the contract data on Street Easy, which supposedly came from this very same broker (which is exclusive to the buildings in question). It doesn’t match and the Street Easy data is much higher. By an amount I don’t like (15% on average I’d say)
Honestly, it’s probably as simple as they don’t vet their data. The broker sends them the data and that’s that.
Could it just be my 3 buildings? Maybe, but I doubt it. So, I guess maybe it’s not appropriate for me to say the site is bunk based on those 3 example properties. Take from my experience what you will.