Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $5,309,390 One Brooklyn Bridge Park, Unit 1220 GMAP (left) 3-bedroom, 3-bath condo has 3,456 square feet of indoor space and 1,903 square feet of terrace space. Sale included a parking spot. Entered into contract on 6/15/07; closed on 3/25/09; deed recorded on 4/1/09. 2. PROSPECT HEIGHTS $2,200,000 132 St. Marks Avenue GMAP…
1. BROOKLYN HEIGHTS $5,309,390
One Brooklyn Bridge Park, Unit 1220 GMAP (left)
3-bedroom, 3-bath condo has 3,456 square feet of indoor space and 1,903 square feet of terrace space. Sale included a parking spot. Entered into contract on 6/15/07; closed on 3/25/09; deed recorded on 4/1/09.
2. PROSPECT HEIGHTS $2,200,000
132 St. Marks Avenue GMAP (right)
This 3,440-sf, 5-bedroom brownstone was listed for $2,485,000 when it was a House of the Day in mid-October. The price was reduced to $2,350,000 later that month, according to StreetEasy. Entered into contract on 1/20/09; closed on 3/31/09; deed recorded on 4/3/09.
3. BROOKLYN HEIGHTS $2,070,000
One Brooklyn Bridge Park, Unit 224 GMAP
2,277-square-foot, 3-bedroom, 3.5-bath condo. Entered into contract on 5/22/08; closed on 3/19/09; deed recorded on 3/31/09.
4. COBBLE HILL $1,900,000
271 Degraw Street GMAP
This 3,016-square-foot, single-family house was originally listed for $2,495,000 last July, according to StreetEasy, and the price was reduced a couple of times until it was asking $1,987,000. Entered into contract on 2/12/09; closed on 3/27/09; deed recorded on 4/3/09.
5. FORT GREENE $1,500,000
170 South Oxford Street GMAP
In December, when this 4,000-square-foot brick house was a House of the Day, it was listed for $1,675,000. The asking price for the 6-bedroom, 4-bath single-family was never reduced. Entered into contract on 1/20/09; closed on 3/19/09; deed recorded on 3/31/09.
DIBS, I pretty much ignore people who like Jersey 😉
Joe, the 5MM sale might be 2 years in the making, but it still closed. How many articles have we seen lately about people walking out on 6 and 7 figure deposits and down payments?
It may have started 2 years ago but it was finalized now, which to me means whoever wanted it then still wants it, can still afford it, and still thinks it’s worth that much.
The 5M sale is almost two years old
I agree with you christopher. Not sure if you recall HOBOKENROCKS who thinks he’ll someday get a BH brownstone for $800k, which he won’t.
DIBS, you said “Still no BH brownstones for anywhere near $800,000 that I can see”, that would be like 75% off for a Brooklyn Heights brownstone.
The ones on the market right now are mostly in the $4 million price tag range. Not that they are worth that, but even the crappy ones I don’t see dropping below $1 million. There is one on Hicks with 2 RC tenants originally asking over $4 mil (might be less now). No way it goes for $4, but even with RC it might go for $2 mil. It’s got something like 11 units in it.
My predictions:
BH brownstones will level off at $2 million (a few of the smaller 17 foot wide ones, of the frame bldgs on Joralemon, etc might go below that, but I’m putting the true brownstones at a $2 million minimum).
CH and CG I’ll put at a floor of $1 mil.
Those One Brooklyn apts will keep selling for tons of cash though I bet…
CH if meaning cobble hill and not clinton hill or crown hts
has seen plenty over $2M.
One Brooklyn Bridge Park does not seem like a way to live… on a dock, in a huge anonymous building, surrounded by *nothing* Errrgh.
Can someone PLEASE tell me why people are spending 5million for a 3 BR condo in that monstrous building?
am I missing something here?
There isn’t much in CH that would fetch over $2mm even in good times. $629 psf is pretty good for there.
Cobble Hill place went for 25% below ask, so it looks like we’re halfway there, DIBS. 😉