Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $3,200,000 32 College Place GMAP (left) A 2,820-square-foot, single-family house, according to Property Shark. Entered into contract on 12/9/08; closed on 2/11/09; deed recorded on 3/20/09. 2. COBBLE HILL $2,300,000 17 Cheever Place GMAP (right) This 2,488-sf two-family hit the market in June, listed at $2,750,000; the price was subsequently decreased to…
1. BROOKLYN HEIGHTS $3,200,000
32 College Place GMAP (left)
A 2,820-square-foot, single-family house, according to Property Shark. Entered into contract on 12/9/08; closed on 2/11/09; deed recorded on 3/20/09.
2. COBBLE HILL $2,300,000
17 Cheever Place GMAP (right)
This 2,488-sf two-family hit the market in June, listed at $2,750,000; the price was subsequently decreased to $2,575,000. The house had been “meticulously gut-renovated to perfection,” according to its listing; the sellers bought it for $1,130,000 in early ’06. Entered into contract on 11/10/08; closed on 3/6/09; deed recorded on 3/16/09.
3. PROSPECT HEIGHTS $2,000,000
210 Prospect Place GMAP
This 3,633-sf, single-family townhouse was first listed for $2,495,000 last summer; the price was dropped to $2,250,000 in October. As noted in a House of the Day post, its owners gave it an extreme makeover. Entered into contract on 2/5/09; closed on 3/10/09; deed recorded on 3/19/09.
4. PARK SLOPE $1,620,824
520 8th Street GMAP
This 3,000-sf, three-family last sold for $999,999 in late 2007, according to Property Shark. Entered into contract on 3/6/09; closed on 3/6/09; deed recorded on 3/18/09.
5. CARROLL GARDENS $1,575,000
356 President Street GMAP
This 4,500-square-foot house was listed for $1,820,000 when it got House of the Day treatment last November. Entered into contract on 1/19/09; closed on 3/10/09; deed recorded on 3/18/09.
Photos from Property Shark.
Lechacal! Team Reasonable welcomes you!
And I mean I would *not* say I am new here. My dear friend Sebb can attest to our many exchanges over the past six months or so.
Hi slopefarm, great to meet you as well. I would say I am new here – just that I participate only sporadically and tend to stay away from the socializing on the open thread.
I would summarize my views as follows. Whether this puts me on team bear, bull, or reasonable (with Wasder) is up to you.
– Prices are falling and will continue to do so for some time to come. The downward leg of the market could take a couple of years to resolve itself.
– Recovery to peak levels will take longer than most people think.
– Single family and multi-family properties in prime areas will have a softer landing than other property classes.
– Coops will have a softer landing than condos.
– New condos will get his the hardest. This process is already well underway.
– Those who take pleasure in the misfortune of others are not worthy of my attention. Those who think the brownstone market will collapse and we will end up back in the 1970s are simply mistaken.
China’s economic growth is largely fueled by U.S. consumption. Screwing with us is tantamount to shooting oneself in the head so to treat a migraine.
The central banker’s proposal reflects both China’s desire to hold its $1.95 trillion in reserves in something other than U.S. dollars and the fact that Beijing has few alternatives. [But]With more U.S. dollars continuing to pour into China from trade and investment, Beijing has no realistic option other than storing them in U.S. debt.
The sky is not falling
http://online.wsj.com/article/SB123780272456212885.html
Yes, Snark…not in our lifetimes. The Euro took 50 years to develop from initial inception. It remains to be seen whether it will weather this storm.
“Mr Zhou said the proposal would require ‘extraordinary political vision and courage’ and acknowledged a debt to John Maynard Keynes, who made a similar suggestion in the 1940s.”
Kinda sounds like we can safely file that under “A” for “Ain’t ever gonna happen.”
Miss Muffett: Looks like you are still losing money. Keep the faith.
Team BULL
“(see today’s news about China championing another currency), and the US government may soon be bankrupt and unable to borrow.”
Wow that sounds familiar.. I wonder where I heard that before??
The What (Tick.. Tick… Tick..)
Someday this war is gonna end…