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.
I don’t get President Street… sorry. I just don’t. $1.7 million for an apartment IN a brownstone? Folks with gobs of money are just retarded.
BHO, in 2002 new 1 bedroom condos in prospect heights(soon to be demolished by ratner) were going for $425, so $965 for a house is not such a reach.
“FORT GREENE $1,895,000”
“sold for $965,000 in 2002”
1.895 – 0.965 = About Half Off (reno prices crasing too – so what if restored)
We will see 2002 or worse. And 0.965 was bananas back then!
***Bid half off peak comps***
Ledbury – President Street wrote about contract date on their blog (link in this thread). Went into contract August 08. Hunt is going fine, thank you very much – we are seeing a few things of interest, but are debating whether we want to move out of current school zone or wait a bit until younger child is safely in. Prices are certainly not headed up, and downward pressure remains in the near to mid-term future, so we have nothing to lose.
Thanks for removing PropJoes racist comments.
Miss Muffett: I have been told you were starting to look in Kansas.
We have had some conjecture before about contract dates and their accuracy. Interesting to see hard evidence of date shifting on President Street
Hello Miss Muffett, how’s the hunt going?
Re: 1 and 3 – probably bought before units were complete, based on offering plan. Also, if you look at blog for #4, that too went into contract in August 08 – so 3 of these 5 sales reflect pre-crisis sales (and indeed a moment when things were arguably riding very high, it seemed). Ft Greene house is indeed a strong sale given the market and an anomoly – but time will tell.