Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $3,850,000 176 State Street GMAP (left) This 3,304-sf, one-family townhouse hit the market in April of last year, according to StreetEasy, and went into contract a couple months later. Its ad had this to say: “nicely restored with six bedrooms, three baths, a family room, and a great back yard… Because of…
1. BROOKLYN HEIGHTS $3,850,000
176 State Street GMAP (left)
This 3,304-sf, one-family townhouse hit the market in April of last year, according to StreetEasy, and went into contract a couple months later. Its ad had this to say: “nicely restored with six bedrooms, three baths, a family room, and a great back yard… Because of the lovely original center stair, each room is the full width of the house, and the room proportions are wonderful…It might just be more space than you need.” Entered into contract on 6/16/08; closed on 12/16/08; deed recorded on 1/21/09.
2. BROOKLYN HEIGHTS $1,850,000
71 Pierrepont Street, Unit 4 GMAP (right)
A 2,501-sf, 4-bed, 4-bath duplex condo. It was initially listed for $2.585 million last March, according to StreetEasy, and there were several price cuts before someone bit. Entered into contract on 11/20/08; closed on 1/09/09; deed recorded on 1/21/09.
3. MIDWOOD $1,585,000
944 East 23rd Street GMAP
2,514-sf, single-family house, per Property Shark. Entered into contract on 9/22/08; closed on 12/23/08; deed recorded on 1/20/09.
4. PROSPECT HEIGHTS $1,527,375
On Prospect Park/1 Grand Army Plaza, Unit 2L GMAP
2-bed, 2-bath, 1,547-sf unit in the Richard Meier-designed condo. StreetEasy shows it going into contract late last February, though public records say it went into contract and sold on the same day a couple weeks ago. Entered into contract on 1/8/09; closed on 1/8/09; deed recorded on 1/21/09.
5. PROSPECT HEIGHTS $1,476,462
On Prospect Park/1 Grand Army Plaza, Unit 4D GMAP
1,477-sf, 1-bed, 1-bath unit. As with this week’s other OPP sale, StreetEasy says it went into contract early last year, rather than a couple weeks ago, as public records indicate. Entered into contract on 1/9/09; closed on 1/9/09; deed recorded on 1/22/09.
Photos from Property Shark.
OPP : GAP subway stop, or the Brooklyn Museum stop.
ksq — thank you for the food for thought.
After reading these posts, and if living at the OPP, I think I’d try the Eastern Parkway/Brooklyn Museum subway stop on the way home from Manhattan.
It is not such a long walk west from EP/BM, to the OPP — no circle to navigate — no streets to cross either. It is possible that the walk from the EP/BM, by Turner Towers may close to equal, or even shorter than from the GAP. Anyway Eastern Parkway across from the Museum is a pleasant walk, also beautiful.
If you lived in OPP, you would most likely be coming home from Manhattan via the 2/3 to GAP or the Q/B to 7th Ave. So, your walk home would be across Vanderbilt Ave, which has only a moderate volume of traffic–you would not be crossing the GAP main rotary, which I think Sam noted.
So here is another chance to comment on Turner Towers after yesterday’s photo. My family had an apartment by the Brooklyn Museum in the 1960’s when Eastern Pkwy. was a good place to live.
Then came a change in immigration in about 1965. What I was told was that this caused a “bad batch of drug traders from the Carribean” moving to the neighborhood. (This is what I was told, I did not say this.) It took some time for the neighborhood to decline. By 1976, the last of our acquaintances left the neighboorhood. Of a family of five, four members had been mugged. It was after this, maybe the eighties, or late seventies, I don’t know which, but then the apartment houses went co-op and/or condo(?). Crime was rampant, muggings and rapes in the parking lot of the Brooklyn Museum, where a family member worked.
So someone said the neighborhood is on the upswing, which I believe.
Living across the street from the Brooklyn Museum, the BBG and the Library, and close to the Arche, is amazing. The subway is right in front of Turner Towers. A grocery store is around the corner on Washington and a drugstore is nearby. One could exist here and it is only a short subway ride to Manhattan.
I would not mind living there again. I would want to know how the neighbors are, if there would be any problems in the building.
The poster, SAM, has much more practical insights and experiences about these real estate opportunities. I scroll to his opinions first.
25% of the profit?
How oddly Communistic.
They would do better in such a large building to charge a flat 2%. I’m sure that half a dozen or more units change hands every year.
I would not buy into a building with such a peculiar flip tax.
25% on the profit is the flip tax – I lived there.
Does anyone know for sure that Turner Towers has a 25% flip tax? I have never heard of such thing. 2% is normal for any co-op, 5% is high, but 25% is unheard of. If that is really the case, then buying anything at Turner Towers is a non-starter.
Poor State St buyer. Could of held out for a 20+ footer for the same price/location.
***Bid half off peak comps***
“State Street house looks nicer, seems more updated yet is slightly smaller.”
It’s 25% smaller. That’s a whole floor.
If I told you I would have to kill you. You will have to take my word for it or wait til the next meet up.