Last Week's Biggest Sales
1. PARK SLOPE $3,150,000 615 Third Street GMAP (left) When this 4,552-square-foot brick and limestone two-family was a House of the Day in February, it was asking $3.8 million; the price was cut to $3.4 mil the next month. The house, which was built by an architect for himself in 1899, last sold for $2,850,000…
1. PARK SLOPE $3,150,000
615 Third Street GMAP (left)
When this 4,552-square-foot brick and limestone two-family was a House of the Day in February, it was asking $3.8 million; the price was cut to $3.4 mil the next month. The house, which was built by an architect for himself in 1899, last sold for $2,850,000 in mid-2006. Entered into contract on 4/21/09; closed on 5/28/09; deed recorded on 6/10/09.
2. FORT GREENE $2,250,000
316 Cumberland Street GMAP (right)
House o’ the Day writeup on this in April, when it was listed for $2,295,000, went as follows: “316 Cumberland Street has a huge parlor floor to die for, with intricate plaster ceilings and an extension that houses the modern kitchen. The house has also been upgraded recently with all new systems and windows as well. It’s being used as a one-family but the ground-floor can easily be converted to a rentable apartment. All this sounds great but it will be interesting to see if it can pull off a price that’s similar to some of the nicer homes currently on the market in Park Slope.” Question answered. Entered into contract on 5/7/09; closed on 6/1/09; deed recorded on 6/12/09.
3. GRAVESEND $1,890,500
1927 East 1st Street GMAP
This is a 1,440-sf, two-family house, according to Property Shark. Entered into contract on 5/19/09; closed on 6/1/09; deed recorded on 6/10/09.
4. BAY RIDGE $1,300,000
135 86th Street GMAP
A 4,923-sf, three-family, according to PropShark. Entered into contract on 3/10/09; closed on 6/4/09; deed recorded on 6/10/09.
5. MIDWOOD $1,200,000
462 East 27th Street GMAP
A 2,385-square-foot, two-family house, says Property Shark. Entered into contract on 4/24/09; closed on 5/27/09; deed recorded on 6/10/09.
Photos from Property Shark.
I think its pretty simple with these two properties. They are both very nice and there’s a real lack of inventory out there of what is nice.
There are people out there with money who want “very nice” and at a price point of $2MM – $3MM, another hundred thousand or two hundred thousand makes no difference if you really like it.
It’s a rout for Team Bull!!
No Nolissa, this does not “bode well for sellers,” it means almost nothing. It makes no sense to extrapolate anything from the “biggest sales of the week.” It’s not a representative sample. It would be like highlighting which four stocks had the greatest gains of the week during the stock market dive last fall. Even then there were stocks hitting new 52 week highs and having good weeks. If you just looked at the top four or five stocks every week, (or on the other hand, the worst four or five) what would that tell you – nothing. You must look at a much larger sample and probably use the mean to even out the outliers.
Hi all!
I’m back and just wanted to cut and paste this nice tidbit from Miss Muffet from the Ft. Greene house thread:
**
“Pretty house and I like that area. But I think more4less is right – any buyers with deep pockets will drive a harder bargain these days. That’s my strategy since we’ll be financing a small portion if anything, but as a result, can leverage that to our advantage in this climate. It works, from what brokers are telling me.”
This was in response to M4L saying it would go for 1.8-1.9 million.
Any thoughts, MM?
I am really shocked by this. These look and feel like last year’s prices to me. We looked at the Cumberland place and loved it, but thought it was about 2 hundred over priced. Truly shocked. I guess this could bode well for sellers, not so well for buyers in the “luxury” market. Both of these places were essentially one family homes in impeccable condition and with very tasteful renovations. They’re selling, and at big prices.
the park slope sale is, quite simply, bullish…
Wow great for the Ft. Greene Place! – sellers obviously didn’t have to come down much on the price
and how much did the 3rd street house sell above 2006 price?
$1,891,000 Pete.