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.
Last Weeks biggest Sales is the same as Last weeks biggest outliers. It is fun to look at but its not the trend
so everyone’s hopes that ft greene would recede back to the old days with this recession have just been shattered (for the time being, anyway). It’s possible that this tiny corner of NYC has legitimately crossed the desireability threshold into that X-factor territory of tribeca/soho . . . where no matter how crappy the ACTUAL quality of life might be (and I’m not saying it is, in Ft G, yet — so far it’s definitely the dreamiest neighborhood I’ve ever experienced), everybody wants to live there and almost nobody can.
Or the buyers are insane.
Either way, it’s a bloody nice house.
The “Maurauding teenagers/projects” comment is kinda racist, no? I mean, every nice neighborhood in NYC has marauding teens and PJs. what the fk?
I am still angry that no one chose me as their agent on these sales.
I wonder what $1 million could buy me?
You can make claim these are biggest sales – outliers – but almost any house in prime brownstone brooklyn will end up on biggest sale list.
But significance is house sold for 10+% above 2006 price.
(and Brownstoner appraisers are a bunch of asshats).
I keep asking for evidence of resales to demonstrate this drop in pricing that some people say has occured already.
I am not necessarily arguing or believe that prices have or won’t go down – but I really have yet to see much hard evidence.
In slow market which almost nobody will disagree that we are in – real estate becomes less liquid but only small % of people need that liquidity. And in those cases you may find a bargain, and some stat will suggest that prices dropped considerably. But very few props really end up selling at the distressed prices and most of them are not the trophy prop some people think they will find.
Miss Muppett : Please admit you are wrong. Then go straight to your Psychiatrist.
C’mon lecachal, do you really need to explain to us that $3 million is a lot of money? We’re not children. It’s like Republicans on the Senate floor whining about the stimulus package: “If you took a trillion single-dollar bills and stacked them up, it would rise to the moon!”
I’m not the slightest bit nervous. Lechacal’s comments on last Friday’s OH picks 6 months later were fascinating, regarding how these kinds of comments are more a commentary on the posters’ psychology than my own. And I’m not seeking a mansion on the park – far from it. But more power to those few exceptional gorgeous houses that get a cash-flush buyer – they are indeed exceptional in the true sense of the word.
MM – sellers have certainly been off on what they think their properties are worth – these asks are adjusting downward, for sure, but you can’t have it both ways – asks are irrelevant, sales are not…
Also, I do have specific examples of sales from friends (one recently sold her prime apt for over 15% less than same apt in the bldg sold last summer, and her apt was actually much nicer in terms of renovation) but do not particularly want to violate their privacy to the whole list. There have been many, many articles of late using actual market data to prove the same points I’ve been making.