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.
Yes, that bet still stands.
Yes BRG, the bet is still on. I don’t expect 22 Remsen to get 8MM. It needs to go for $5.65MM or more for me to win. Admittedly, I’m not so confident in my prediction, but you never know.
I’m fairly certain for that price even now the buyers wouldn’t find anything in this condition in PS proper, nor CG or BH (either one.).
So that would leave South Slope, PH, CH or FG. (i know, i know, for $2 mil. you could buy a whole block in B-S right now…)
Is this the nicest recently renovated brownstone in those neighborhoods at that price point? Based on what I’ve seen here, yes. And perhaps that kitchen wasn’t as tacky as bayridgegirl seemed to think…
Biff, DIBS…is the bet about 22 Remsen is standing?
I went to a townhouse on Central Park West & 90’s this morning listed for 8m with a gorgeous top-notch renovation. It was killer. Biff, you might want to re-consider the bet with DIBS.
Hi Shahn,
The place on the corner of St. James and Gates has a horrible reno on the inside. Really odd looking and tacky. The outside is all painted glossy brown and there is no back yard, just a parking spot. It needs a total renovation. Have a look at the pictures. That particular Corcoran agent always, even during the boom years, had listings at riduculously over-the-top prices. I looked at a place she was selling years ago. She rarely got the prices then, and won’t now. So, to answer your question, big difference between the two buildings in terms of renovations and exterior condition etc. Plus, I’d rather be on St. James than on the corner of St. James and Gates. Both are quiet streets, but interior St. James would be better.
“Mopar,just before Xmas, seller seemed ready to accept our low-ball offer but we wound up passing since we just didn’t love the house enough and frankly, it still seemed pricey for what it was.”
Yes, Miss Muffett’s passing game this season has been stellar. (Welcome back Miss Muffett – hope you and the family had a wonderful holiday too).
Oops, sorry for double post. Mopar,just before Xmas, seller seemed ready to accept our low-ball offer but we wound up passing since we just didn’t love the house enough and frankly, it still seemed pricey for what it was. We’re pickier now in terms of bang for buck given direction of market. We of course know there will be compromises but we’re standing firmer now on price/compromise ratio. This is definitely a market where we can take our time, given our fortunate position, and all indicators pointing to lower prices and, eventually, more inventory. Hope all had good holidays!
Miss Muffett seems very comfortable on the sidelines.
Oh, please, Biff. Team treading water has the top computer ranking in the bag. This game is meaningless.