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.
Sebb, you almost sounded conciliatory the other day, and I was almost ready to cut you some slack for once. Then you insist on making a gigantic ass of yourself again.
Prices are coming down. This is pretty much universally accepted at this stage. The only real debate – and it’s not a very interesting one – is how much longer this is going to go on. Your rhetoric makes you sound weak and defensive, and frankly a little scared. It has no depth and lacks reason. You almost always resort to ad hominem attacks. And, as it turns out, you have a solid track record of being just plain wrong on the direction of the housing market.
Some of us who use this board are actually pretty smart and articulate. Why don’t you let us keep this discussion alive and go sit at the little kids’ table. Thanks.
I am incapable of supporting my views with facts so I waste everyone’s time with the same nonsense over and over. I am so lacking in originality that I ape others in hopes that I can distract others from my misstatements and lack of knowledge.
I still have $1 million.
I deny the real direction of the real estate market and instead repeat the same form of mockery every day.
I ignore the cognitive dissonance of differentiating “softening prices” and “a readjustment of buyers and sellers approach to buying/selling a house.”
I can add nothing here, today. Things sell at prices that team bear finds unrealistic, yet they still sell.
interesting. does a skylight make it a “true” bedroom according to code, i wonder? of course if you can afford the wider house then that’s ideal. we couldn’t, and found that with our 17 footer the most we wanted to do was two bedrooms up top, 2 more on the garden level. it’s pretty sweet, actually, works for us with little ones, and will also work with older kids, but we wonder how it will work in the middle!
MM, according to Case-Schiller, prices have been dropping since mid-2006, not just since winter.
I have $1 million dollars. If I don’t buy a house, I will glue my one dollar bills together to create the house of my dreams – and save on an architect.
Real estate market in Brooklyn started to declined the day after I sold my place. Then it started to declined after Lehman. Then it started to declined this winter. It will start to decline this summer.
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.
Sebb – actually what you say is untrue. My previous apt, in a prime brownstone hood, went down in value by at least 35% from peak to crash in last big downturn and took many years to climb back up. And that last recession was mild compared to this one.
I am not sure where you lived but in the last downturn even Ghetto areas went up and held there own.
Maybe you are confused. Relax everything will be okay, you just wont be able to steal a home in Nyc for close to nothing.
Miss Muffett: You are worried about my typos, that is the reason you loose money everyday.
You know nothing about real estate my friend.