Last Week's Biggest Sales
1. GRAVESEND $4,200,000 1973 East 2nd Street GMAP (left) This 2,736-sf, single-family last sold for $5,000,000 in 2006, according to Property Shark. Entered into contract on 9/29/08; closed on 2/10/09; deed recorded on 2/17/09. 2. CARROLL GARDENS $2,000,000 208 Carroll Street GMAP (right) This four-family was asking $2,050,000 when it was a House of the…
1. GRAVESEND $4,200,000
1973 East 2nd Street GMAP (left)
This 2,736-sf, single-family last sold for $5,000,000 in 2006, according to Property Shark. Entered into contract on 9/29/08; closed on 2/10/09; deed recorded on 2/17/09.
2. CARROLL GARDENS $2,000,000
208 Carroll Street GMAP (right)
This four-family was asking $2,050,000 when it was a House of the Day in November. The 4,500-sf house was configured as four floor-through rentals, each with month-to-month leases. Entered into contract on 12/22/08; closed on 2/10/09; deed recorded on 2/19/09.
3. DUMBO $1,400,000
100 Jay Street, Unit 16F GMAP
A 1,601-sf unit in J Condo. Listed last July for $1,425,000, according to StreetEasy; it went into contract within a month. The condo originally sold for $1,170,000 in 2007. Entered into contract on 8/1/08; closed on 8/25/08; deed recorded on 2/20/09.
4. MILL BASIN $1,360,000
10 Bell Point Drive
A four-bedroom, single-family house that’s part of a planned community called the Bay Front Estates at Mill Basin. Google Maps doesn’t yet recognize the address. Entered into contract on 9/23/08; closed on 1/21/09; deed recorded on 2/19/09.
5. MIDWOOD GRAVESEND $1,188,000
172 Avenue P GMAP
A 4,356-sf, three-family house, according to Property Shark. Entered into contract on 7/31/08; closed on 2/2/09; deed recorded on 2/19/09.
Photos from Property Shark.
What kind of leverage are you talking about xander???? I have a $370k mortgage on a place I bought for $820. that’s not leverage. I have other residences with no mortgages. What is the point that you’re trying to make???
It’s time to put leverage on in the stock market. Today. But that’s a different story. And I’ll be expecting drinks from any of you who bought into my falling Yen trade!!!! LOL
No denial, fear or panic here.
u dont know it as well as u think u do,benson
“Uhhh, that’s not what you said last year, wasder. If I had the time to do research on you…”
Not true. And i will provide the quotes momentarily.
DIBS,
have you ever *really* thought about the downside risk to leverage in a market like this?
btw, I was not out to attack. I’m trying to articulate a point that we all deal with.
Again, your aggressive nature belies either denial, fear or panic. I’m not sure which point you’re at in the euphoria to panic curve but I’m guessing it’s heading towards panic.
take care.
How does someone “push” someone else out of their home???? Long time residents of any Brooklyn neighborhood have huge gains in their properties. They sell because they want to take that gain and move somewhere else, or the owner has dies.
Get a grip loons.
So much love in Brooklyn. I bought a house in Park Slope last week, and lost out on one in Prospect Heights that had an all cash offer accepted before I could react. To say nothing of Norah Jones’ $4.9M purchase in Cobble Hill posted last week. There’s a lot of cash out there, and as someone who’s been actively looking to buy a house after selling mine, trust me people are buying $2M plus houses. Everybody needs to get outside for a walk.
Here are your QOTD!! Good job guys!!!
Posted by: Brownstones Half Off at February 24, 2009 1:07 PM
“And enough with the sad stories about people losing “their” home. Effectively, considering fraud, it was never their home anyway. In some interpretations of the law, they could have been locked up (liar loans, etc.). “Losing their homes” is the best thing that could have happened to the overwhelming majority of “losers” (Rick Santelli) out there.”
Posted by: xander at February 24, 2009 1:03 PM
“This issue is that because DIBS choose to live in Bed Stuy (which might actually degentrify as history has shown neighborhoods in brooklyn to do) with a very large purchase price that keeps him from moving then he’s stuck in a neighborhood that might get worse and worse and worse. And the scary part (i’m guessing here) is that DIBS is *not* Barbara Corcoran. He’s probably upper middle class with a comfortable income and because he’s not Babs he *will* feel the pinch of this (re)depression we’re going to live through in the next three years at least (the three year figure what just stated by Bernanke a few moments ago). He probably can’t just cut and run from the Bed Stuy location like Corcoran and go back to Manhattan. He, like everyone who buys and sells has made a predictive move with downside consequences.”
“DIBS=Dave in Bed Stuy. He is not DICH or CG or PS or BH.”
The What (Hey where is DIBS??)
Someday this war is gonna end..
TEAM BEAR Today the PWNING is beautiful!!
Excellent idea, Jimmy Legs. Can we still have a Thai restaurant, though?
“That’s a great theme for a spanish soap opera. Unfortunately your fictitious couple was as irresponsible as the rest of the gang (bush et al).”
That’s some high quality, self-righteous, “it’ll never happen to me” crap, right there.
There are TONS of people who were foreclosed upon who were not being irresponsible or buying above their means, they just were hit by a bad economy at a bad time. Not every foreclosure is from some “I didn’t research my loan and now my payments just doubled” horror story.