Last Week's Biggest Sales
1. COBBLE HILL $3,132,000 213 Congress Street GMAP (left) When this 25-foot-wide, brick single-family was a House of the Day in January, it was listed for $4,400,000. Entered into contract on 6/19/09; closed on 7/17/09; deed recorded on 8/5/09. 2. PARK SLOPE $2,800,000 897 Union Street GMAP (right) This single-family was a House of the…
1. COBBLE HILL $3,132,000
213 Congress Street GMAP (left)
When this 25-foot-wide, brick single-family was a House of the Day in January, it was listed for $4,400,000. Entered into contract on 6/19/09; closed on 7/17/09; deed recorded on 8/5/09.
2. PARK SLOPE $2,800,000
897 Union Street GMAP (right)
This single-family was a House of the Day in February, when it was listed for $2,995,000. The sellers purchased it for $2,600,000 in March 2005. Entered into contract on 5/12/09; closed on 7/23/09; deed recorded on 8/5/09.
3. GREENWOOD HEIGHTS (?) $1,425,000
157 19th Street GMAP
Tough to pinpoint a neighborhood on this location, and the whole transaction seems slightly bizarre: The two-family house was first listed for $1,250,000 way back in December ’07, according to StreetEasy, went on and off the market a bunch of times, and was ultimately asking $899,000 last November. So how did it sell for $1.4 mil??? It’s 1,800 square feet and last sold for $605,000 in 2007, per PropShark. Entered into contract on 7/9/09; closed on 7/9/09; deed recorded on 8/5/09.
4. WILLIAMSBURG $1,250,000
85 North 3rd Street, Unit 410 GMAP
This is a 2,000-square-foot loft in the Mill Building condo, according to StreetEasy. It was listed for $1,495,000 in February. Entered into contract on 6/19/09; closed on 7/27/09; deed recorded on 8/7/09.
5. DYKER HEIGHTS $$1,125,000
1315 74th Street GMAP
This house was asking what it went for, according to this listing. Entered into contract on 4/12/09; closed on 7/22/09; deed recorded on 8/7/09.
Pics from Property Shark.
“And you’ve been preaching for brownstone prices half off of peak comps for what now, maybe 2 years??”
Maybe 3, DIBS. Doesn’t mean it aint happenin’. Doesn’t mean you won’t be out a few hundred grand if you didn’t take heed. I’ve got all decade. No deadline, just a slow process but a quick loss if you leave your feet on the headfake.
“What’s it to you if they overpay???”
Laughing stock. Then I have to read/hear all these sob stories about the soft rental market, higher taxes, higher energy bills, tighter refinancing, “erroneous” appraisals, etc. Then my tax dollars go toward bailing some of you out. The deep, down secret is that many of you are unhappy because you’ve been duped. You thought you couldn’t lose in RE.
“When a house becomes nothing but an investment, like it seems to be for you, you will NEVER be happy.”
I’ll be “happy” (aka bullish) when Case-Shiller YOY gets out of the red.
Cute, homey @ 2:35. But my guess is alive and arrivING. A correct prediction grows in Brooklyn.
Guys – You can’t run out the clock in the housing market. It’s on nobody’s schedule. It’s a process, not an event.
***Bid half off peak comps***
“No denying it, those are pretty strong #s on Cobble and Slope houses.”
True. You can’t argue that when you get $3.1+ for the Cobble Hill house. Beautiful, wide house on a great block. The Co-ops across the street are immaculately maintained and landscaped. But, the original asking price of $4.4 was ridiculous; I mean, after all, how many overpriced houses in Cobble Hill could Norah Jones be expected to buy?
Gowanus house numbers indicate maybe a developer/flip job. Looks like a flipper.
BHO,
I think a name change is in order. How about DOA, cause that’s what your “educated guesses” have been for the past two years. People look for value, and when they find it, even in a down market, they buy. No surprise here.
“They’re still grossly overpaying and I will continue to remind you.”
And you’ve been preaching for brownstone prices half off of peak comps for what now, maybe 2 years??
What’s it to you if they overpay??? Like I said, they are probably happy. I overpaid in Bed Stuy in hindsight and I’ve been quite happy.
When a house becomes nothing but an investment, like it seems to be for you, you will NEVER be happy.
They could be happier, unhappier or just as happy, DIBS. They’re still grossly overpaying and I will continue to remind you.
Bad interpretation, 11217. It’s the parading, and therefore absurdity, of LWBS’s that qualifies as desperate. I patiently await in vulture mode, quite relaxed.
***Bid half off peak comps***
DH, yeah, think its’s Schaeffer
“DH, correction; not gretsch bldg but one of those near there on the water”
Schaeffer Landing? If so, not surprising.
DH, correction; not gretsch bldg but one of those near there on the water