Last Week's Biggest Sales
We’re pretty sure this is the first time in the year+ we’ve been doing the biggest sales roundup that any of the properties are below the million mark. 1. CLINTON HILL $1,042,500 42 Downing Street GMAP (left) This 2-family hit the market last September, asking $1,525,000, according to StreetEasy. The price was reduced several times,…
We’re pretty sure this is the first time in the year+ we’ve been doing the biggest sales roundup that any of the properties are below the million mark.
1. CLINTON HILL $1,042,500
42 Downing Street GMAP (left)
This 2-family hit the market last September, asking $1,525,000, according to StreetEasy. The price was reduced several times, and the last ask was $1,225,000. According to its listing, it’s a “handsome four story 18′ brownstone, filled with original detail and character. An opportunity for someone to restore this historic home.” Entered into contract on 2/10/09; closed on 4/22/09; deed recorded on 4/30/09.
2. WINDSOR TERRACE $974,000
35 East 3rd Street GMAP (right)
This 1,456-sf, single-family house hit the market in October, listed at $1,100,000, according to StreetEasy. The price was reduced to $999,000 within a couple weeks. Listing said: “Beautiful 1899 frame house is located on quiet, tree-lined street and ready to move in. This charming 2-story house with finished basement offers easy and comfortable living.” Entered into contract on 1/18/09; closed on 3/19/09; deed recorded on 5/1/09.
3. SHEEPSHEAD BAY $955,000
1230 Avenue V GMAP
This is a 2,400-sf, two-family brick house, according to Property Shark. Entered into contract on 9/16/08; closed on 4/23/09; deed recorded on 4/30/09.
4. SOUTH SLOPE $950,000
270 11th Street GMAP
When this 2,068 -sf, three-family was an Open House Pick last October, it was asking $1,125,000. Entered into contract on 12/22/08; closed on 4/24/09; deed recorded on 4/30/09.
5. BENSONHURST $925,000
1652 80th Street GMAP
A 3,280-sf, four-family, according to Property Shark. Entered into contract on 1/2/09; closed on 3/30/09; deed recorded on 5/1/09.
Photos from Property Shark.
Yes, it takes 2 to tango, as it always has. Buyer and seller. Any other observations?
> “Surprised the WT house went for as much as it did.”
No kidding. Such a homely house and such a lousy location.
I seriously don’t get these prices.
And all of you that think these prices are generally in the ballpark, you must already own — and you’re either trying to justify the crazy price you paid or watching the $$ signs dance in your head.
You can give me the “It’s NYC, what do you expect” argument until you’re ‘effing dead, a million dollars for any of these should give one “great pause” — and perhaps even more. It takes two to tango, and the buyer half of this equation is high on meth.
1. Surprised the WT house went for as much as it did.
2. Re 11th Street–I’m sure you’re correct about the comps on that block, Miss Muffett, but (as I think you may have noted on the HOTD thread at the time), this house looked to be in pretty lousy shape. Question is whether or not that was true of the peak comps.
The price on the Avenue V house is phenomenally high. Anyone have any idea why? I sold a fully renovated house close to that one recently for a lot less than that after trying to sell it on and off for some time. Either there is gold in the basement or perhaps its one of those mortgage fraud schemes – I am just having trouble imagining that house being worth much more than $600,000 – $700,000. And no, it’s not in the coveted gravesend area.
That South Slope started out at 1.35 when it first hit the market. There are houses on that block, same size, that sold for that range, during the peak. So we’re talking 400K off initial ask (and arguably, comps), or 30%. And this with a December contract date, very early into the crisis. This is why I think 50% off peak is likely when all is said and done.
And now you know the REST of the story.
Rookie, it’s probably a pitched roof on 4th flr – ie front half of flr is sloped (ie basically storage / closet area) and back half is normal height with windows
Where are they hiding that fourth story on the downing street house? A storage facility in jersey?