Last Week's Biggest Sales
1. MIDWOOD $2,150,000 1189 Ocean Parkway, Unit 7A GMAP (left) No listings for this new condo turned up via the usual channels. According to DOB records, it got its TCO at the end of March. It has 13 units and was designed by Bricolage. Entered into contract on 3/1/06; closed on 4/29/09; deed recorded on…

1. MIDWOOD $2,150,000
1189 Ocean Parkway, Unit 7A GMAP (left)
No listings for this new condo turned up via the usual channels. According to DOB records, it got its TCO at the end of March. It has 13 units and was designed by Bricolage. Entered into contract on 3/1/06; closed on 4/29/09; deed recorded on 5/13/09.
2. FORT GREENE $1,895,000
204 Adelphi Street GMAP (right)
This two-family house was featured in the Times in February, when it was asking $1,890,000. Its listing had the following to say: “This home is configured as an owner’s triplex with 4 bedrooms and 2.5 baths and a garden level 2 bedroom, 1 bath apartment, making it total 6 bedrooms and 3.5 baths.” It last sold for $965,000 in 2002, according to PropShark. Entered into contract on 2/26/09; closed on 5/7/09; deed recorded on 5/15/09.
3. MIDWOOD $1,778,400
1189 Ocean Parkway, Unit 3B GMAP
Same buyers involved in this week’s biggest sale also closed on another unit in the Midwood condo. Entered into contract on 9/13/06; closed on 4/29/09; deed recorded on 5/12/09.
4. CARROLL GARDENS $1,680,112
277 President Street, Unit 3B GMAP
One of the buyers in this condo conversion has been blogging about their purchase. The developer bought the brownstone for a hair above $2 million early last year. Entered into contract on 4/30/09; closed on 4/30/09; deed recorded on 5/13/09.
5. BOROUGH PARK $1,550,000
1026 41st Street GMAP
This is a 2,244-sf, new construction house, according to Property Shark. Entered into contract on 3/31/08; closed on 4/23/09; deed recorded on 5/15/09.
1189 Ocean Parkway photo from EveryScape; 204 Adelphi photo from Property Shark.
run 4 ye lives. the sky is falling (albeit slower). Gov is blowing smoke to sucker in the private capital to fund their stimulus agenda’s. Almost wish obama, geitner, big ben are company CEO’s so we can demand them putting their $$$ where mouth is. as politicians, just cant “take their words” that green shoots are all abound – need to SEE it
I hope rally is legit so my job is more safe and I can be more confident buying a place for a higher prices vs. cheaper prices show up later but I’ll be unemployed by then.
DIBS – believe me, I would like to believe we’ve hit bottom with the stock market (it has a huge impact on family close to me, who have seen their income halved as their portfolios shrunk drastically). But there’s a difference between hitting bottom, and getting anywhere close to the previous top anytime soon.
There are deep structural problems that remain in our economy – namely, the value of so many assets – “legacy” “toxic” or whatever you call them, which mostly boil down to overvalued homes (and the assets created by slicing and dicing their mortgages) that are still a hot potato. The current optimism of some may be conjuring up an imaginary forest (Don Quixote anyone?). To name but one example of fuzzy optimistic thinking, not using mark-to-market values in the latest bank stress tests seems problematic to say the least. I don’t want to turn this thread into a big economic discussion, but to point to some recent optimism in the stock market, or a name change for what are still very problematic assets, as a justification for home values which IMO are still vastly over-inflated, just seems like willful denial.
I have to say, I’m a little floored, and ecstatic, by the sale price of the Fort Greene house!
As long as we can sell our brick rowhouse for one-point-something or other, I’ll be happy.
I was getting so nervous recently that we would have to sell for under a million just to retire.
It seems like things are still selling in Fort Greene for pretty high prices! I don’t care what “BHO” says. He seems to poo poo everything.
people don’t “own” anything. people don’t own land or air. you still have to pay taxes and maintenance fees, so really what is it that you own? you’re the one owned. by the banks and the government! im gonna take that and run with it today. it would be nice if everyone lived in the same sized apartment. 80 square feet per person.
*bitter renter rob*
AYKM? You predict the future with the stock market? Pass the pipe, pls. Exhibit A: July 07, market predicts smooth sailing. Exhibit B: Aug 87, market predicts smooth sailing.
Good luck with your “true leading indicators” in church.
MM…and yet the stock market, the true leading indicator, has been signalling an upturn since the beginning of the year. Some people can’t see the forest for the trees.
Hmm, DIBS, I wouldn’t put much stock in the name change of “toxic” to “legacy” – seems like a PR move more than anything else, and the kind of “legacy” problem-solving that inspires so much critique of Geithner et al now (namely that there are still too many loop-holes in the current plans that skirt dangerously close to the strategies that got us into this mess in the first place).
Yes, Kens, most immigrants are better savers than Americans.
BHO…the mere fact that “toxic assets” are now referred to as “legacy assets” should tell you a lot about how the financial landscape is changing.
thanks for that article ‘swine flu’.
Many people here and in lots of media seem to think NYC pop increase and therefore housing demand is fueled by some pilgramage of affluent white americans to NYC.
But the major factor has been the growth of immigrant population. Somehow (the what, et al) seem to think a handful of ‘manhattanites’ (which is just code word for affluent white educated class) have driven up Brooklyn prices sky high. Yet it is the strong ethic of these new immigrants to own – and so this price inflation has many roots in even the least prestigious ares (those off the radar of the NYTimes readership class).
As is these stupid stories recently – of whether there will be some reverse moves to Manhattan from this ‘class’ now that rents are going down some. They never seem to ask whether there is some great movement of people from sunset pk to chinatown.