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1. PROSPECT HEIGHTS $4,378,475
On Prospect Park, Unit 8A GMAP (left)
A 3,258-square-foot, 4-bedroom unit in the Richard Meier-designed condo, according to StreetEasy. Entered into contract on 3/7/09; closed on 3/26/09; deed recorded on 4/8/09.

2. MIDWOOD $3,475,000
944 East 8th Street GMAP (right)
2,300-sf, single-family house, according to Property Shark. Transaction was an estate sale. Entered into contract on 6/19/08; closed on 2/19/09; deed recorded on 4/6/09.

3. DUMBO $2,475,000
One Main Street, Unit 10D GMAP
This 2,477-sf, 2-bedroom condo was listed for $2.6 million in late October, according to StreetEasy. Entered into contract on 1/6/09; closed on 3/12/09; deed recorded on 4/6/09.

4. PARK SLOPE $2,325,000
141 Lincoln Place GMAP
When this 3,516-sf, 2-family was a House of the Day in November, it was asking $2,595,000. The house last sold for $1.35 million in mid-2004, according to Property Shark. Entered into contract on 2/4/09; closed on 3/31/09; deed recorded on 4/10/09.

5. WILLIAMSBURG $1,683,000
502 Lorimer Street GMAP
This 3,840-sf two-family has a commercial unit on the ground floor, according to Property Shark. Entered into contract on 11/10/08; closed on 3/25/09; deed recorded on 4/7/09.

944 East 8th Street photo from Property Shark.


What's Your Take? Leave a Comment

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  1. Mopar and 11217 are putting words in my mouth that I never said. I’m absolutely not looking for a 3-4 million house to sell for 1 million – we never looked seriously at those kinds of houses to begin with. I actually *prefer* a small, modest home (less carbon footprint and my preference is for simple finishes). Also, I predicted a price cut for Lincoln and it got one, so how am I wrong?

    I have admitted here that no one can predict the exact size of the percentage drops in NYC RE but everyone agrees that more price cuts are coming, and that’s exactly what’s happening. Also, as today’s 13th St house shows (had its price cut twice already, and now group is appraising at 1.3 mil) or yesterday’s HOTD shows, houses in prime PS (at least prime enough for us) are dropping to the 1.5 range, if not below. Indeed, some people just enjoy twising other people’s words/perspectives, which I find bizarre.

  2. And even MORE to the point…MM will not expand her search to areas where houses do actually sell for 1 million to 1.3 million, she is willing to wait indefinitely until that 4000 sf mansion on Garfield and 8th Avenue drops to her price point.

  3. Let’s let MM speak for herself and see if she thinks the house sold for more than she thought it would…or less…

    You are right though Ledbury…it is probably semantics, I just like to keep MM on her toes… 😉

  4. The seller offered a price of 10% off asking price and got it.

    This is pretty much semantics. Then that house yesterday that sold for 50% under ask didn’t get a price chop either becuase they never relisted it for the lower price? (and yes the house probably went for peak comps so I’m not arguing it for a bearish sale, just using it to illustrate the semantics point.)

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