Last Week's Biggest Sales
1.BROOKLYN HEIGHTS $2,701,000 161 Hicks Street GMAP (left) This 2,816-sf, 2-family was first listed for $3,500,000 last September, according to StreetEasy. By the time it was an Open House Pick in March, it was asking $2,950,000. The house last sold for $2,125,000 in 2003, according to Property Shark. Entered into contract on 5/1/09; closed on…
1.BROOKLYN HEIGHTS $2,701,000
161 Hicks Street GMAP (left)
This 2,816-sf, 2-family was first listed for $3,500,000 last September, according to StreetEasy. By the time it was an Open House Pick in March, it was asking $2,950,000. The house last sold for $2,125,000 in 2003, according to Property Shark. Entered into contract on 5/1/09; closed on 6/4/09; deed recorded on 6/17/09.
2. BROOKLYN HEIGHTS $1,425,000
62 Joralemon Street, Unit 3 GMAP (right)
This 3-bed, 2-bath co-op was first listed for $1,995,000 last July, says StreetEasy. The price was reduced a couple of times, until it was asking $1,600,000 in November. The maintenance is $1,624. Entered into contract on 3/17/09; closed on 6/11/09; deed recorded on 6/16/09.
3. DUMBO $1,282,200
31 Washington Street, Unit 14 GMAP
Listing history/size of unit unkown. Average sale price in the condo is $1,531,000, according to StreetEasy. Entered into contract on 7/1/08; closed on 7/17/08; deed recorded on 6/18/09.
4. BAY RIDGE $1,110,000
637 Ovington Avenue GMAP
This 2-family brick house was listed for $1,250,000. Entered into contract on 3/26/09; closed on 5/15/09; deed recorded on 6/15/09.
5. PARK SLOPE $1,100,000
350 2nd Street, Unit 6F GMAP
A 1,700-sf, 3-bedroom, duplex condo, according to its listing. Entered into contract on 3/24/09; closed on 6/12/09; deed recorded on 6/18/09.
Photos from Property Shark.
It’s on Lincoln between 7th and 8th, I believe…
Nice one 11217, and no I hadn’t seen it – do you know which street that is on?
bodhi, I’m out of the market for at least another 12 months. My current lease ends at the end of August and I needed to decide whether to buy or rent for anohter 12 months. I am not at all confident that we have hit a bottom yet, so rent it is. Also, I am at a place professionally where I really shouldn’t be making any big financial decisions for the next 15 months or so (lots of uncertainty about future income level – both to the downside and the upside – and frankly a lot of uncertainty about what city/country I will call home 2 years from now). I will probably be ready to buy one way or another after my next 12 month lease is up, assuming I am staying in NYC.
In any event I am pretty sure that in hindsight I will be glad that I prevented myself from jumping too quickly on a modest discount to top of market prices.
bkborn – i heard something to the effect that brokers (or maybe condo marketers?) aren’t allowed to state which school zone they’re in for this exact reason. the doe doesn’t care – they’ve already had to move people around in manhattan zones and while it’s creating a mess, they’re still doing it. and yes, you’re right about the sibling rule. basically, out-of-zone siblings aren’t “guaranteed,” they only get in after all kids in-zone who want in are in. seems fair to me but in a rezoning scenario…yuck. i wouldn’t be surprised if they also try get rid of their current policy that allows kids to stay in their old school if they move out of zone. it is a rule that is at odds with most of the rest of the country and is ripe for manipulation. seems more of a problem in manhattan than brooklyn, but you never know.
Lechacal and Bodhi:
Did you guys see this one…?
http://www.prudentialelliman.com/Listings.aspx?ListingID=1086916&rentalperiod=&SearchType=apartments&Region=NYC
lechacal, lol. and ditto. i think i’ve read threads before where you talk about which area you are considering buying, and i think we have a similar area in mind for park slope..have you seen any good properties lately? seems that there is really no inventory. what’s the fun of buying in a down market if there isn’t anything good to buy!
The Bay Ridge home is a 1920’s era building boom brick two family located near Stewart Ave., which in the aerial view appears to be a large driveway. Stewart Avenue as it exists today,is a remnant of a colonial era road that was much larger in the past. The house is close to the BQE cut/at 7th Ave., however the location is fairly quiet and the general area kind of sleepy, in my opinion. The price seems high for this style of construction. From the photo as well as the description , I am fairly certain that it is deviod of any original finishings/trim/detail. This is the sad case with most of these homes.
bodhi, it sounds like we have similar views on this development. I have seen three types of units on this block:
– Upper duplex with roof right (ie the place being discussed in this thread) — big, like the roof, nice layouts, plenty of space for a family.
$1.1mm doesn’t sound off the wall.
– 3 br simplex with the two little balconies — nice enough. Worth about $750k. Were selling for way way to much until recently.
– Lower duplex — Crap. The “back yard” consists of an underground concrete box. Lower level is a half underground “rec room”. Nice rental for a few college kids.
– All of the above: Crap location. Yes, it’s not 4th Ave, but it’s pretty damn close, and it’s a big hike to the park. I don’t want to live anywhere where I can get to the Gowanus canal faster than I can get to Prospect Park.
lechcal, maybe you are right on the price of the park slope place. i know it was at least 1.3 mil, so it could have been asking more. as for elevators opening into the space, i, for one, think it’s pretty cool! i really loved that place but again the location was the breaking point. though the ultimate price per square foot, and adding the outdoor space, seems fairly reasonable. I’ve seen some of the other units on this block that were asking around the same price, but were first floor units. I think this one was by far, the best laid out, and the best outdoor space. And my recollection was that it did sell quickly. The backyards on the units on this block tend to be broken out into a basement type level and then ground level, neither space being really practical or usable. and those units weren’t as nicely laid out as this one. anyway, that’s my two cents. i’m going to pour myself a cup of scotch and grab a bag of skittles. i’m off the soap box.
2nd street orig sales are from 2002.
Sale price of this unit looks like 15% less than highest price paid for an ‘F’ unit in complex that was sold in 5/2007.