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.
you know, I was thinking a lot about the thread yesterday (the one that was like the allstar game) and specifically thinking this morning about DIBS and people in his situation.
I know this is a little off topic on this thread, but hey, it’s all on topic when it relates to prices and history.
So, first to recap a couple of things from yesterday.
DIBS=Dave in Bed Stuy. He is not DICH or CG or PS or BH.
Second, someone mentioned the idea that gentrification is permanent. In other words, once gentrification takes hold it always stays there.
Third, DIBS yesterday said that (and i’m paraphrasing this) that he doesn’t mind having to wait 5-7 years for his house to turn around if he needs to sell it and that 800K was fine for the location.
My gut feeling is that people like DIBS have (1) chosen to live in a marginal area and are praying that it will become (2) “permanently gentrified” and that (3) he can/will/should/must wait the requisite 5-7 years in order to be able to entertain moving if he wanted to sell his place without a loss.
here’s the trick in the situation–
We all make decisions and we all gamble on certain situations. The What has probably gambled differently than BHO who has gambled differently than someone like DIBS.
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.
I’m not trying to hate on DIBS. He’s gotta make a living and stick to his guns. But, brother, you’re a fool if you think you don’t stand to be hurt by this. You’re a fool if you think you will not be affected. And, you bought in Bed Stuy for a substantial sum. We’ll all find out how this plays out but I wonder how DIBS would feel if he were Dave in Brooklyn Heights instead of the BS.
This could be a long 5-7 years.
my two cents.
“As I stated yesterday regarding the gleeful handwringing of certain posters here;
…as the consensus among assclowns and morons reaches totality, the probability of the opposing hypothesis being correct approaches certainty.” ~Legion
by the looks of it theres still idiots like you to convert. Keep dreaming that it’ll turn. It just begun sucker!
What, I hope you read what benson wrote because the person you think is riding shot gun with you on your great cruise to the beyond is actually just an asshat waiting for houses to fall into his price range.
” The What seems to be giddy in the thought that wealthy folks in Park Slope will take some hits, but, as you point out, the real damage is being done to working folks. I tend to take a “tough love” approach to getting out of this mess, but your point is taken that we are talking about folks who made the “despicable” mistake of wanting a nicer home for their family in some suburban tract out in the desert.”
No the the Assheads in Asshat Hill!!! I want all the Gentrification Crowd to get Assraped!!! Every last one of them! When they was economically pushing poor people out of their neighborhood, the Asshats didn’t care!! Bed Stuy, Greenpoint, Flatbush, Williamsburg and Bushwick people lost their way of life so Meagan and Josh from Armpit OHIO can pay 1700.00 a month for a studio in the Ghetto!!!
I’m on record Goodbye RETARDS!! Nice knowing ya….
The What
Someday this war is gonna end…
“It is exactly for that reason that I find people like you to be despicable, people who would post their glee on the internet over the prospect of another Great Depression, so that they could pick up a “deal” on a house.
Why don’t you grow up and think about the implications of what you write on this site?”
I have never used this word before but PWNED!! Thank you benson! You have encapsulated in two sentences the essence of this person’s hypocrisy, posing as a bad-boy to get a good price on a house. Oh the joy this post gave me!
Make that “Great Depression”
Hey BHO;
Spare me your trite observations about life in the Great Depression, you ass. My parents grew up in the Dreat Depression, both children in broken immigrant homes. I grew up with their haunted memories of what life was like for them at that time. It is exactly for that reason that I find people like you to be despicable, people who would post their glee on the internet over the prospect of another Great Depression, so that they could pick up a “deal” on a house.
Why don’t you grow up and think about the implications of what you write on this site?
maplewood–your keyboard seems to be having issues…
“A young couple with a new baby loses a job and has to give up their $250k ranch home in Utica … that’s something to celebrate?”
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).
Howver, if there is something celebrating here is the return to affordable housing in Brooklyn even if that costs to folls who bough in the bubble.