Last Week's Biggest Sales
1. CARROLL GARDENS $1,858,306 277 President Street, Unit 2 GMAP (left) This 1,911-sf, 2-bedroom in a conversion was listed for $1,825,000 a year ago, according to StreetEasy. Entered into contract on 8/1/08; closed on 7/9/09; deed recorded on 7/20/09. 2. BOROUGH PARK $1,800,000 1818 51st Street GMAP (right) This is a 4,265-sf unit in a…
1. CARROLL GARDENS $1,858,306
277 President Street, Unit 2 GMAP (left)
This 1,911-sf, 2-bedroom in a conversion was listed for $1,825,000 a year ago, according to StreetEasy. Entered into contract on 8/1/08; closed on 7/9/09; deed recorded on 7/20/09.
2. BOROUGH PARK $1,800,000
1818 51st Street GMAP (right)
This is a 4,265-sf unit in a small condo, according to Property Shark. Entered into contract on 5/27/09; closed on 7/8/09; deed recorded on 7/21/09.
3. WINDSOR TERRACE $1,500,000
489 16th Street GMAP
When this was a House of the Day in April, it was asking $1,595,000. The sellers purchased it for $925,000 in 2005 and renovated. Entered into contract on 5/1/09; closed on 7/7/09; deed recorded on 7/20/09.
3. BOROUGH PARK $1,500,000
1448 56th Street GMAP
A 7,424-sf, three-family, according to Property Shark. Entered into contract on 5/14/09; closed on 7/8/09; deed recorded on 7/21/09.
5. VICTORIAN FLATBUSH $1,150,000
1816 Glenwood Road GMAP
This Fiske Terrace abode was a House of the Day in May, when it was listed for $1,300,000. The widget appraisal determined by readers was $1,017,552. Entered into contract on 6/2/09; closed on 7/9/09; deed recorded on 7/22/09.
5. COBBLE HILL $1,150,000
401 Hicks Street, Unit B-6H GMAP
Weird that this sale took so long to be recorded in public records: It’s a unit in the converted church called the Arches. Size unknown. Entered into contract on 3/6/08; closed on 5/8/08; deed recorded on 7/22/09.
Pics from Property Shark.
I think the widget is pretty accurate – you just have to take the further step of multiplying the result by 1.15
> I believe Snark’s comment was that the “Price is LOL.”
Oh well, I’m not always right.
Just most of the time.
That time of the month, 11217?
Shouldn’t it be pointed out, before the bulls get too excited, that #1 and #5b closed pre-Lehman? Wonder why the buyers didn’t walk away.
northslope–knowing the list price is the only thing keeping people even in the same zip code as the sale price.
The widget results would be more interesting if people voted without knowing the list price first.
Hmmm, looking at the fuzzy floorplan for the Carroll Gardens place shows it is a 3 bedroom 2.5 bath with 6 windows spanning the quite large kitchen/dining/living area and a terrace covering all 3 bedrooms.
Then why do you bother, 11217?
“The theory behind a widget type game is that you get the wisdom of crowds.”
Generally speaking, this crowd (myself included) is in the under-estimate group. Pretty much across the board the widget has been 20% down or so. Not that this means much in the big picture but it does show that the market is not as depressed as generally is agreed upon here.
The comments on the Windsor Terrace Place are laughable.
I believe Snark’s comment was that the “Price is LOL.”
Once again, the brownstoner readers don’t know sh*t about which they speak.