Last Week's Biggest Sales
1. PROSPECT HEIGHTS $2,148,507 On Prospect Park, Unit 6E GMAP (left) A 2,085-square-foot, 3-bedroom unit in the Richard Meier-designed condo, according to its listing. Entered into contract on 8/7/07; closed on 2/5/09; deed recorded on 4/17/09. 2. CARROLL GARDENS $1,810,000 419 Union Street GMAP (right) This 2,871-sf, two-family house was asking $2,300,000 when it was…
1. PROSPECT HEIGHTS $2,148,507
On Prospect Park, Unit 6E GMAP (left)
A 2,085-square-foot, 3-bedroom unit in the Richard Meier-designed condo, according to its listing. Entered into contract on 8/7/07; closed on 2/5/09; deed recorded on 4/17/09.
2. CARROLL GARDENS $1,810,000
419 Union Street GMAP (right)
This 2,871-sf, two-family house was asking $2,300,000 when it was a House of the Day in December; it was originally listed for $2.55 million last summer. It last sold for $1,577,800 in 2005. Entered into contract on 1/13/09; closed on 4/2/09; deed recorded on 4/13/09.
3. BOERUM HILL $1,685,000
114 Bergen Street GMAP
This 1,785-sf, 2-family house last sold for $1,215,000 in 2007, according to Property Shark. Entered into contract on 2/10/09; closed on 4/3/09; deed recorded on 4/13/09.
4. CLINTON HILL $1,629,600
306 Washington Avenue GMAP
As covered a few weeks ago, this four-family brownstone hit the market last year for $2.3 mil, and its price was reduced to $1.9 mil by last November. Entered into contract on 1/22/09; closed on 3/26/09; deed recorded on 4/16/09.
5. BAY RIDGE $1,325,000
70 89th Street GMAP
A 2,261-sf, single-family house, per Prop Shark. The house was listed late last year for $1,490,000. Entered into contract on 4/8/09; closed on 4/8/09; deed recorded on 4/14/09.
419 Union Street photo from Property Shark.
I am sorry…I am OK with the On Prospect Park building (although it annoys me that I can see it while in the middle of the park since the concept of the part was to not see buildings like that) but those prices are ridiculous in any market. It is just insane to live in a generic box like that with such HUGE maintenance cost when you can gave a pre-war building or house or that beautiful apartment at the Montauk Club (which I assume will come down in price a bit). Either way, someone spending $2.2mm on an apartment has budget leeway. I am just so confused by this building. I hate to bate, but can someone please explain why this building did so well?
Wait, what? So what does the Carroll Gardens house look like, etc.?
Please elaborate, Mr. Boomer.
Are you sure you’ve got your dates right? PP went into contract in 2007 and Bay Ridge closed the same day they signed contracts?
Oh and another thing if you judge the market by the Union St house you are wasting your time.
Wrong picture there on that Union St Property. I know about the Union St. sale, friends of friends of the owner. Lets just say this ain’t their only house. Its a very nice house. Price seems a little low to me, but I would have sold it at that price if I was them too.
The Union Street house picture is the wrong house (diff from the Corcoran listing)
one can debate how fast or not prices are dropping but no denying prices are dropping. Until prices flatten out or go up, safe & simply assumption to believe it’ll continue to drop / drip / tank.
the continued weak job mkt will place huge pressure on prices dropping. Economist often say unemployment metrics are lagging indicators on overall econ health. That may be true for gauging when companies’ earning might improve or when stock markets rebound. Just cant see how employmt metrics would be lagging indicator for home purchases (particularly for big $$$ prices). I would assume it’s a leading indicators (ie people aint going to buy homes until they see employment metrics are much improved)
Carrol Gardens house presents an interesting picture in the market wars. Obviously way off its original ask (which now looks ridiculous) but still a pretty hefty amount of money. If the sellers were the ones that did the nice renovation after buying at 1.5 then they didn’t see any profit, but they didn’t get hosed either. Fuel for both sides of the argument here.