Last Week's Biggest Sales
Most of these properties saw price cuts before they moved, but all the prices seem fairly healthy. We wonder whether the Tara 104 Buckingham sale is a record for Prospect Park South. 1. BROOKLYN HEIGHTS $2,900,000 81 State Street GMAP (left) 4-family townhouse with two market-rate rental units. Listed at $3.1 million; deed recorded 2/25….
Most of these properties saw price cuts before they moved, but all the prices seem fairly healthy. We wonder whether the Tara 104 Buckingham sale is a record for Prospect Park South.
1. BROOKLYN HEIGHTS $2,900,000
81 State Street GMAP (left)
4-family townhouse with two market-rate rental units. Listed at $3.1 million; deed recorded 2/25.
2. PROSPECT PARK SOUTH $1,850,000
104 Buckingham Road GMAP (right)
16 room, 7-bedroom house. Originally listed at $2.295 million, then lowered to $1.95 million. Deed recorded 2/28.
3. FORT GREENE $1,775,000
299 Clermont Avenue GMAP
Four-story brownstone with four rental units; former House of the Day. Deed recorded 2/25.
4. WILLIAMSBURG $1,388,990
Unit at North8 Condo GMAP
Condo Unit 3A plus parking space at newish Toll Brothers development. Deed recorded 2/26.
5. BOERUM HILL $1,350,000
416 Pacific Street GMAP
Former Foreclosure of the Day; 3,600-square-foot two-family house; deed recorded 2/25.
Photos from Property Shark.
Does the BH building still look like a “dump” now that you know that there are no rent regulated tenants in the place? Talk about projection.
“not if its surrounded by mature (and transpiring) shade trees”
– puleeze!! you must be nuts.
Trees do nothing for the heat and humidity of brooklyn summers. maybe on a rare breezy day you could stand it but how about those endless weeks in July and August with 90 degree heat and 90 percent humidty? even in the old days people couldn’t stand it and those who could afford it left town for the season.
Per the listing on Streeteasy, the Brooklyn Heights house is an owner’s duplex with two rentals above. No rent regulation at all. Just a “well-maintained” (says the broker) 4 story 23 ft wide brownstone in the Heights for $2.9m.
Still double what you’d pay to rent an equivalent duplex (cost to live in this duplex should be over $12k/mo including taxes, repairs, insurance, 7% interest, 7% opportunity cost on downpayment, $5000 rental income, mortgage tax deduction, depreciation; I saw a garden duplex advertised this morning for $6k).
But a good deal less that what I was seeing this time last year, when for $3m you also got permanent tenants and an uninhabitable building.
I am sure whoever had the nearly 2 million to plunk down on the Tara house can also afford to have the HVAC system upgraded to suit their needs.
not if its surrounded by mature (and transpiring) shade trees.
Old house with no central a.c. = hell.
Brenda – it’s so true… I used to live there and we rarely used the AC.
The heat however, was an entirely different story.
Cost of cooling the Buckingham Rd. house: $0, if you can enjoy old-fashioned summer breezes from all those windows instead of noisy mechanized refrigeration.
Cost of heating house: GNP of mid-sized European country.
Living in Tara 2 blocks from the Q train: priceless.
The Brooklyn Heights house has two “market rate” apartments. Does that mean it also has several rent regulated apartments? From the outside it looks like a typical decrepit rent regulated building.