Last Week's Biggest Sales
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…
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.
If congrgants can pay four million dollar for a fairly ordinary house nearby, I would say, yes, that synagogue would be THE synagogue of choice.
At least there is a reason for those prices if you consider that observant Jews need to be able to walk to shul on the Sabbath. so how dissimilar is that to overpaying to live in a tony Brooklyn neighborhood? How many times have we seen outrageous prices slapped on houses that need tons of work and are already overpriced just so you can live in Park Slope or Clinton Hill or any other trendy area?
sam, isn’t the particular synagogue in this area *the* synagogue to be a member of? i thought i heard it was posh, or highly sought after for syrian orthodox? could be wrong.
I know we mention this every time one of these very expensive properties is sold in Midwood and elsewhere but here goes again: These areas are the homes of Orthodox Jews who need to be within walking distance of the shul or synagogue to attend sabbath servies, their religious beliefs prohibit them from operating a car on the sabbath. Therefore houses in prime spots close to the temple sell for astronomical amounts. And are often tear-downs.
Their proces do not at all reflect the wider market. Though I suppose one can say the same thing about the Meier Building.
Ok. Now it makes more sense to me.
Proximity to a desirable synagogue dictated the price for the Midwood house.
$1,344 psf on the Meier pad…
I think 2/3 of the Midwood price is proximity to “house of worship”. Similar size and vintage properties in similar condition that are in the vicinity but out of the hotspots are currently asking around the $1m mark.
Yes, pj, I imagine that is what you would be sure of. It’s jews so it has to be about Madoff and money, right? No other possibility. Couldn’t be, say, title issues, or a messy divorce, or a contested estate, etc? Do you read anything other than this site and the “Protocols”?
Snappy, brg, etc., we have been over this a bunch of times (sorry, did that sound irritated, I didn’t mean it that way). The reason for the Midwood/Gravesend prices, and the reason propjoe makes anti-semitic remarks every time these houses pop up on this site, is because there is a steep premium in part of these neighborhoods paid by strictly observant jews who want to be walking distance to their schuls. It is a distinct market and says little about the rest of Brooklyn RE.