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.
We used to live in the block on 2nd st. It’s a great condo and we sold ours very quickly 18 months ago. I’ve kept my eye on these places since we left and they tend to sell quickly even today. The pros to the building would be that it’s still realtively new and so doesn’t need much if any work. The upper duplex are spacious and well laid out. In terms of location – at 350 you’re much closer to 5th ave than 4th and you dont hear 4th ave at all. Subway is 5 to 10 min walk. Personally I’d much rather be closer to 5th ave than say 7th but personal choice. 1.1m is decent for that spot and the maintenance is relatively low.
“…and the buyer has a beautiful house”
Sugar coat for ‘got bent’? Kidding.
***Bid half off peak comps***
bodhi – I’m pretty sure the original ask was closer to $1.5. I have all the sales literature in a file at home (every once in a while I like to pour myself a scotch, take out the file and see what ever happened to all those places I looked at).
BHO: This place really stood out. The elevator itself was a tiny little POS (and frankly I’m not a fan of elevators opening direclty into a home). The roof plus the amount of space was impressive. The location is real crap, but I think the $1.1 million price for 1700 sf reflects that. Who knows, maybe the buyers could have waited another year and gotten it for less than a million, but in my mind $1.1 million is close enough to the right mark that it doesn’t make sense to wait for another 10% drop.
Then again it’s been quite a while since I looked at this place and I’m sure my views were colored by what was going on in the market at the time. Maybe if I looked at it again I wouldn’t be so sure of $1.1 milllion being the right price.
Holy simultaneous posts NorthHeights!
I used to live at 160 Hicks–not sure if 161 is right across the street, but it may back onto the Love Lane Garage condo conversion. Not sure about that though.
BHO, the Hicks Street house is 16.5′ wide (you can see in the pic it’s two bays wide), which is quite narrow for Brooklyn Heights where the standard lot is 25 feet. (It’s in a row of 3 houses built on two original lots.) The backyard faces the Love Lane garage-condo project. But those are about the only negatives.
From the pics, it looked to be a nice house with a new renovation. The seller did well for this market and the buyer has a beautiful house.
Maybe I would stand corrected by lechacal and bodhi about 2nd if I saw it (Elevator? Oh.). Or not.
***Bid half off peak comps***
2.7 seems “low” for prime Heights. Lot less than 100′?
Seems like Joralemon buyer got took. 1.425 for a COOP (flip taxes, rental restrictions?) on the south side of Montague towards the BQE? Must be HUGE.
Dumbo comp is waaaaaaaaay outdated and therefore useless.
I never speak on Bay Ridge.
Overzealous buyer (321 anxiety? even applicable? these guys are like syrian jews and synogogues) on 2nd. Restuarant row but still too close to gritty 4th for that price. And also too close to future full brownstone price.
Rock out, DIBS.
***Bid half off peak comps***
I saw the park slope place. it was really a great space. it had two functional balconies, and roof rights – THREE outdoor spaces!! it was two floors with an elevator that opened right into the apartment. I loved it and think it was originally asking around $1,299,000, if I remember correctly. The biggest issues I saw with it were it’s location. It’s off of fourth ave, and not too close to the subway. Also, even though it’s a relatively new building, it looked a little run down. But don’t get me wrong, I loved that place. It really felt like a big open space in a small building, which is rare in park slope real estate.