Last Week's Biggest Sales
1. PARK SLOPE $2,190,000 599 5th Street GMAP (left) House of the Day writeup on this one in February went as follows: “This new listing at 599 5th Street will be an interesting barometer of the market. It’s a beautiful limestone house on a park block that’s got tons of detail and is in excellent…
1. PARK SLOPE $2,190,000
599 5th Street GMAP (left)
House of the Day writeup on this one in February went as follows: “This new listing at 599 5th Street will be an interesting barometer of the market. It’s a beautiful limestone house on a park block that’s got tons of detail and is in excellent shape; it’s the kind of place that should have almost universal appeal. We also like the fact that the two-story extension solves the perennial problem of how to fit the kitchen on the parlor floor. The asking price is $2,400,000.” Entered into contract on 5/6/09; closed on 6/29/09; deed recorded on 7/6/09.
2. PROSPECT HEIGHTS $1,665,000
1 Grand Army Plaza/On Prospect Park, Unit 11B GMAP (right)
According to its listing, this unit in the Meier-designed condo is 2,125 square feet and has three bedrooms. The buyers got quite a discount: It was asking $2.8 million, according to Corcoran Sunshine’s rundown on the condo. Entered into contract on 5/12/09; closed on 6/16/09; deed recorded on 7/6/09.
3. WILLIAMSBURG $1,530,176
125 North 10th Street, Unit SPHG GMAP
As expected, this is one of the first closings in this Scarano-designed condo. No info available on the unit size, but other in-contract condos in the building priced over the $1 million mark are between 1,000 and 1,400 square feet, according to StreetEasy. Entered into contract on 3/27/08; closed on 6/22/09; deed recorded on 7/8/09.
4. DUMBO $1,425,000
30 Main Street, Unit 7C GMAP
This 1,689-sf, 2-bed was listed for $1,585,000 in November, according to StreetEasy. Entered into contract on 5/20/09; closed on 6/12/09; deed recorded on 7/9/09.
5. BRIGHTON BEACH $1,323,725
55 Oceana Drive East, Unit PH3E GMAP
A penthouse unit in the Oceana condo. Entered into contract on 6/4/09; closed on 6/25/09; deed recorded on 7/6/09.
599 5th Street pic from Property Shark.
StreetEasy is pretty good for original asking price, dates and amounts of any reductions, and final sale price, with the caveat that brokers don’t always add apartments to StreetEasy as soon as they’re listed. For example, I’ve been negotiating for a condo in Cobble Hill that was originally listed about 3-4 months ago at $1.6 million; it didn’t appear on StreetEasy until late June at it’s sedond-reduced asking price of $1.2 million, with no indication of either the original ask or of how long the apartment has really been listed.
Slopefarm – you know I live in South Slope so am very familiar with the housing stock down there – hahah
am talking about the 3 story vinyl specials that are located around 3rd/4th avenues and anywhere from 15th down to 20th streets. I don’t mind buying over there, I just don’t think I should pay $700K
It all collapses from the outside in. The fringe goes first, then the air goes out of the “prime” bubble prices.
Shanty shacks??? Them’s fightin’ woids, gemini. Seriously, are they asking that south of the highway?
5th St. a bit less the DIBS comments predicted. But quite respectable. Certainly not a doomsday scenario.
Agreed on the 5th Street House. Both parties probably felt they got a good deal. Also shows that we aren’t crashing in prime nabes.
What I am waiting for is a reset on all the “Shanty Shacks” in Park Slope/Greenwood/Gowanus to be priced accordingly to the new market conditions.
Sorry, you can’t expect to sell for 800K if it hasn’t been touched since 1950
Richard Meier himself said there is going to be a lot of empty apts in nyc
Not quite half-price for the Meier building… if they waited another 3 months, I bet they could have gotten it down to $1.4
Quick question – is there a website that shows what the asking price was on a place, and then the final sale price?