Last Week's Biggest Sales
1. COBBLE HILL $4,900,000 (left) Yep, it’s the house that Norah Jones bought: A 4,100-square-foot, 6-bedroom, single-family townhouse. Entered into contract on 12/5/08; closed on 1/27/09; deed recorded on 2/9/09. 2. PARK SLOPE $4,100,000 21 Lincoln Place GMAP (right) This 5,076-sf, four-family last sold for $2,050,000 in 2006, according to Property Shark. Entered into contract…
1. COBBLE HILL $4,900,000 (left)
Yep, it’s the house that Norah Jones bought: A 4,100-square-foot, 6-bedroom, single-family townhouse. Entered into contract on 12/5/08; closed on 1/27/09; deed recorded on 2/9/09.
2. PARK SLOPE $4,100,000
21 Lincoln Place GMAP (right)
This 5,076-sf, four-family last sold for $2,050,000 in 2006, according to Property Shark. Entered into contract on 1/29/09; closed on 1/29/09; deed recorded on 2/11/09.
3. GRAVESEND $4,000,000
2005 East 4th Street GMAP
A 2,535-sf, single-family house on a 4,000-sf lot. Took two years for the sale to close. Entered into contract on 2/7/07; closed on 2/5/09; deed recorded on 2/13/09.
4. PARK SLOPE $2,400,000
576 4th Street GMAP
This 2,559-sf single-family was listed for $2,850,000 when it was an Open House Pick in August. It last sold for $1.99 million in mid-2004, according to Property Shark. Entered into contract on 12/3/08; closed on 1/26/09; deed recorded on 2/10/09.
5. PARK SLOPE $1,725,000
365 4th Street GMAP
A 2,740-sf, two-family house, per Property Shark. Entered into contract on 11/19/08; closed on 1/27/09; deed recorded on 2/11/09.
Photos from Property Shark.
Lechacal, I think you are correct. According to Streeteasy, it sold for 2.850 on 1/29.
We’re waiting for Mr. B to see where the 4.1 million figure came from, I believe.
I don’t believe the price on Lincoln place. I don’t mean I’m astonished, I mean I actually do not find it credible. I don’t know what the story is (how could I possibly – I don’t know the seller or the buyer or the realtor) but I don’t believe this is a real transaction between a market buyer and a market seller. That kind of money gets you a prime place on a park block in PS 321. Why someone would spend $1 million per floor on this block – well, I don’t think it actually happened.
Perhaps I am just so out of touch that I am refusing to believe something that goes against my view of the market, but I don’t think that’s it. Something is wrong with this picture.
What a weird group of sales. Does certainly look like some ammo for Team Bull. I’d discount the Norah Jones house just since insanely rich musicians aren’t really notorious for making considered real estate decisions and the Gravesend listing went into contract so long ago. With what’s left, the 21 Lincoln place listing seems like a sign of real strength, though an all-cash deal doesn’t reflect the current difficulty of getting financing and unemployment concerns.
576 4th, though, is close to 20% below ask off of the August list.
I wonder if a “Last Week’s Median Sales” would be more representative of the market; the movements of the high end seem so dependent on unique buyers than anything else.
Buy YCS
All Bears have been caught in a Bear trap.
What…the new currency expert!!!!
What you call the performance of big cap stocks over the past year = Blue Chip Dip.
I’m thinkin’ bullchips.
bears.. bulls.. bluecbips.. you people are seriously talking some crazy slang these days.
*goes back to google, once again!*
*r*