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.
“By the way… people spend $1.6 MILLION on a condo in Park Slope?”
It’s not just any condo. It’s an over 1800sf, 4 bedroom/2bath condo with a terrace, central air and 3 fireplaces. On one of the best blocks in Park Slope.
Tybur6;
I live in a Park Slope condo, and to my pleasant surprise, prices have been holding up (so far). A 1350 square feet unit in my building just sold for $1.028M, which is a little bit less than the $1.050M they fetched last year. One of the things that have helped is that the volume has slowed down considerably. A number of folks in my complex who had their unit on the market have taken them off, and are either staying put, or renting them out.
I’m keeping my fingers crossed. The other surprise to me is that we haven’t seen any ripples from the economic meltdown, that is, I haven’t heard of someone in my complex having tosell because of a job loss.
Whatever. Just wait and see what happens. I remain convinced that things have much further to fall – as I’ve said all along, this is just the beginning.
tybur6…if you moved to Manhattan you’d really be in retard land. I think you have to move to Arkansas.
That said, I’d be interested in why any particular condo in PS isn’t worth $1.6MM. SSome of them are even going for higher prices in BH, DUMBO & W’burg.!!!!!!
Somebody must have really loved the house for them to pay that price. Seems a little too much for me when they are better houses similar price on better blocks.
By the way… people spend $1.6 MILLION on a condo in Park Slope? Jesus. I think I need to move somewhere that isn’t retarded.
I’m just surprised about the price for 147 St. James Place because right across the street at the corner of Gates Avenue there was a five story brownstone that was asking $1.95m. It was detached on one side, and had parking in the back. Did that ever sell? Was the renovation of 147 St. James place so much more spectacular than that building?
Could they have spent more than $500k on this “gut renovation” of the St James house?
Regardless… pretty good profit for a 2 year investment.
There are actually several comps for other houses in the surround blocks that are roughly the same as the St. James Place, and plenty of fixer uppers that were sold for not much less, but they are “pre-Lehman” comps. This sale is interesting because it occurred recently.