Last Week's Biggest Sales
1. BAY RIDGE $2,100,000 7601 Narrows Avenue GMAP (left) This single-family last sold for $999,999 in 2005, according to Property Shark. The house first hit the market in September, priced at $2,900,000, according to StreetEasy; it was asking $2.5 million by the time it was an Open House Pick in January. Entered into contract on…
1. BAY RIDGE $2,100,000
7601 Narrows Avenue GMAP (left)
This single-family last sold for $999,999 in 2005, according to Property Shark. The house first hit the market in September, priced at $2,900,000, according to StreetEasy; it was asking $2.5 million by the time it was an Open House Pick in January. Entered into contract on 4/20/09; closed on 5/29/09; deed recorded on 6/4/09.
2. BOERUM HILL $1,715,000
203 Dean Street GMAP (right)
This 3,600-sf house hadn’t changed hands in 40 years, according to its listing: “This handsome and detail filled Boerum Hill brownstone is ready for your creative and sensative (sic) updating…it has all the details you want in a Landmarked townhome: dramatic parlour arch, elaborate plaster molding along with crown moldings and medallions, built-in cabinetry, 11 foot high parlour ceilings…” Entered into contract on 5/29/09; closed on 5/29/09; deed recorded on 6/3/09.
3. PARK SLOPE $1,595,000
506 10th Street GMAP
This 2,052-sf, two-family brownstone was evidently priced to sell: It hit the market in early February asking $1,595,000, according to StreetEasy, and was in contract within a couple weeks. Listing had this to say: “Exquisitely renovated, architect-designed 3 story, 1 family (legal 2 family) brownstone. This light-filled home has many restored details including plaster moldings, marble mantel, pocket doors and walnut stair rail, all of which blend seamlessly with the modern bathrooms and kitchen design.” Entered into contract on 2/13/09; closed on 5/28/09; deed recorded on 6/4/09.
4. GREENPOINT $1,320,000
21 Greenpoint Avenue GMAP
A 3,300-sf, two-family, according to PropShark. Entered into contract on 12/19/08; closed on 5/28/09; deed recorded on 6/5/09.
5. FORT GREENE $1,300,000
249 Carlton Avenue GMAP
This 3,330-square-foot brownstone was a House of the Day in February, when it was listed for $1.5 million. Listing said it needed TLC. Entered into contract on 4/10/09; closed on 5/28/09; deed recorded on 6/5/09.
7601 Narrows photo from StreetEasy; 203 Dean photo from Property Shark.
SnarkSlope : Very lame of you to call me a broker.
I validate you
Greene is your avenue, mom?
Unstuck from the mud
Yes, the sarcasm and ironic comments WERE rather hilarious today…I agree. But no one laughed at my haiku…I thought I’d mixed it up a bit. Otherwise, I always seem like the stick in the mud Mom on this blog.
“I have negative equity in a shabby chic house in a fringe neighborhood that never sprouted the as-promised wine bars and gourmet providores. To soothe my panic, I go on an anonymous blog, and poke fun at other shut-ins. I’ve been stone wrong on price action in Brooklyn RE for a year now; but everything is set to turn around. I believe anything Larry Kudlow tells me.”
Kudos Whuh. Though you are likely writing about me or someone like me, I think that is funny as shit.
> Maybe i am wrong but i don’t see the price decline of 15% you talk of.
Step 1: Remove head from a**.
s o m e
e g r e g i o u s
b r o k e r
b l a t h e r i n g
Wow–what an extraordinarily “meta” thread. Ghetto’s hilarious subliminal musings echoed by Miss Muffett (who I love by the way, and who can be as bearish as she wants cause she does so classily), a snark off if you will. Then Whuh joins the party with a well written stab at us asshats. Then the BHOWhat gets into the act by commenting on Miss Muffet’s great rejoinder, showing that pre-emptive snark still stings no matter which of the BHOWhat’s persona’s its aimed at (both took hits). I love it.
However, there is no doubt that we are in a climate of falling prices and its a bear’s world. I just appreciate a few laughs on the way down.
“Things sell at prices that team bear finds unrealistic, yet they still sell.”
Yes, shockingly, the regular feature titled “Last Week’s Biggest Sales” regularly contains properties that both sold, and sold for relatively high (perhaps even “unrealistic”) values.
“I assume that a house that goes for less than ask reflects softening prices and not a readjustment of buyers and sellers approach to buying/selling a house.”
So true. Buyers are readjusting their approach by offering less than during the bubble. Sellers are readjusting their approach by accepting less than during the bubble. Of course, this can in no way be interpreted as “softening prices” because, well, just because.
My knees often hurt
We really should sell our house
To a young couple