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.
“MM, according to Case-Schiller, prices have been dropping since mid-2006, not just since winter.”
She’s talking about the brownstone belt, a component of the index so to speak, that lags the rest of Tri-State. This lag logically suggests that prices here will continue to fall even after the index stabilizes (when the hell is that going to happen?). Plenty of time to catch the bottom when it’s in.
MM – I like your return fire @ 2:56. Priceless.
***Bid half off peak comps***
: lechacal: How have i been wrong? Prices have dropped a little in NYC. Big deal. I always said they would go down 15% to 20%
Let me ask you how many homes have you bought ?
You are telling me to go sit with the little kids (LOL)
Muffett is running around saying the sky is falling (clearly not) but i am the one scared.
DH – when I google-mapped the Greenpoint place it’s literally a hop, skip away from the water, perhaps the reason it went for 1.3
however it’s across from a warehouse
Sebb. focus on finishing high school. especially english class. Then pick up your real estate brokering career with a credential, puberty, and a few more years of experience. It will be worth the invested time.
Just to start you off in the right direction, and to relieve the little bit of forehead tension I get every time you butcher my language: the word you mean to use is “their”, not “there”.
That part of Greenpoint Ave is NOT an attractive stretch (yes, there are nice blocks in Greenpoint)
shall
eat
bad
buys
***Bid half off peak comps***
“You are worried about my typos, that is the reason you loose money everyday.”
Loose money? Where can I pick it up?
People might take you a tad more seriously if you could write, sebb!
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.
MM, admitting is the first step. Comgratulations. 🙂