Last Week's Biggest Sales
First few post-September meltdown contracts and closings we’ve seen. 1. PROSPECT HEIGHTS $3,140,000 1 Grand Army Plaza/On Prospect Park, Unit 5F GMAP (left) 3,199-square-foot, 4-bedroom, 3-bath unit in the Richard Meier-designed condo, according to its listing. Current listings in the building are running from $885,000 for a 1,000-sf 1-bed to $3.1 million for a 4-bedroom,…
First few post-September meltdown contracts and closings we’ve seen.
1. PROSPECT HEIGHTS $3,140,000
1 Grand Army Plaza/On Prospect Park, Unit 5F GMAP (left)
3,199-square-foot, 4-bedroom, 3-bath unit in the Richard Meier-designed condo, according to its listing. Current listings in the building are running from $885,000 for a 1,000-sf 1-bed to $3.1 million for a 4-bedroom, says StreetEasy. Entered into contract on 5/22/08; closed on 12/23/08; deed recorded on 1/02/09.
2. CLINTON HILL $1,930,000
147 St. James Place GMAP (right)
This former SRO was asking $1,950,000 when it was a House of the Day in late September. Last owners purchased the 2,688-sf, 3-family for $995,000 in January ’07 and gut renovated. Entered into contract on 11/3/08; closed on 12/15/08; deed recorded on 12/29/08.
3. PARK SLOPE $1,580,000
838 President Street, Unit 1 GMAP
1,840-sf, 4-bed, 2-bath condo, according to its listing. StreetEasy says it hit the market in mid-September and went into contract within a few weeks. Entered into contract on 10/7/08; closed on 12/19/08; deed recorded on 12/29/08.
4. PROSPECT HEIGHTS $1,510,000
265 Prospect Place GMAP
5,240-sf, 4-family, according to Property Shark. Entered into contract on 9/27/08; closed on 11/28/08; deed recorded on 12/31/08.
5. MIDWOOD $1,400,500
1348 East 8th Street GMAP
2,658-sf, 2-family house, according to Property Shark. Entered into contract on 8/18/08; closed on 11/17/08; deed recorded on 12/30/08.
Photo of 147 St. James Place from StreetEasy.
Bolder, it was not an all cash offer – there was a mortgage for $950,000 taken out at the closing.
is it me or does Karl look like he’s stuck in 1995?
also is he trying to rent out a 1600 sqf place between C and D for 3500? Because that seems pretty decent.
Traditionalmod,
This article I read today would seem to support that assertion…
http://www.nypost.com/seven/01082009/realestate/plan_b__rent_149134.htm
tybur6 – you looked at todays “Biggest Sales” and your reaction was I can’t believe that someone would spend 1.6M on a condo in Park Slope (with no mention about the particular condo)????
Isnt the more amazing thing (using your standard) that someone pay $3.15M for a condo in Prospect Heights???????
Of the three people I know who are selling or about to sell, none are willing to accept a lowball offer. They’ve already decided to rent their places out for however long it takes and they’re comfortable with that. They know they won’t receive top dollar if they sell now but they’re not entertaining lowball offers either. Anybody with a particularly special property and/or more established neighborhood and school district will have that attitude about it. You can call it dumb but it doesn’t really matter whether others think it’s wise or not. Psychologically that’s where people are at and where they will stay for at least a couple years.
Eagles 24, Giants 10. Giants’ Muffett sidelined after too many false starts with the brokers!!! Film at 11.
Although I’m sort of intrigued by the all-cash offer, if true. I’m not sure what kind of shenanigans you could get away with, but I’m not particularly sophisticated about mortgage or tax fraud…
Thanks 1842. Apples to oranges. I was sure it had to be something like that.
So Sorry All, I should have posted my 1:13 in the open thread. I’ll post links to the house there. GORGEOUS!