Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $5,000,000 118 Willow Street GMAP (left) When this 7,200-sf, 2-family brownstone was a House of the Day for the first time, in January ’08, it was listed for $8,000,000. The price was cut a few times and it was asking $6.8 mil when it was an Open House Pick last November. The…
1. BROOKLYN HEIGHTS $5,000,000
118 Willow Street GMAP (left)
When this 7,200-sf, 2-family brownstone was a House of the Day for the first time, in January ’08, it was listed for $8,000,000. The price was cut a few times and it was asking $6.8 mil when it was an Open House Pick last November. The last price cut brought it down to $5.95 mil in January. Entered into contract on 6/15/09; closed on 8/4/09; deed recorded on 8/13/09.
2. FORT GREENE $2,700,000
53 South Elliott Place GMAP (right)
This 3,600-square-foot one-family was a House of the Day a couple of times, most recently last December, when it was listed for $3,495,000. Entered into contract on 2/9/09; closed on 7/29/09; deed recorded on 8/13/09.
3. PARK SLOPE $1,870,000
106 Park Place GMAP
This 16.67-foot-wide house was a House of the Day and Open House Pick a couple times, most recently in March ’08, when it was asking $2,495,000. The sellers bought it for $1,300,000 in 2006. Entered into contract on 5/1/09; closed on 6/30/09; deed recorded on 8/12/09.
4. South Slope $1,700,000
248 10th Street GMAP
This is a 2,400-square-foot, 2-fam, according to Property Shark. Entered into contract on 5/26/09; closed on 7/28/09; deed recorded on 8/14/09.
5. CLINTON HILL $1,600,000
125 Willoughby Avenue GMAP
When this 2-family was a House of the Day last June, it was listed for $2,100,000. By the time it was an Open House Pick last October, it was asking $1,795,000. The sellers bought it for $1,400,000 in 2005. Entered into contract on 1/7/09; closed on 3/3/09; deed recorded on 8/14/09.
Pics from Property Shark.
“How’s “Team Bull” feel about that 25% haircut on a prime park slope brownstown”
“The Park Slope house sold for 44% more than what the owners paid in 2006. And it seems they didn’t even renovate!”
Care to amend your statement MoneyforNothing?
OH, AND THAT”S A NIFTY $800,000 buzz cut off the Fort Green Place since DECEMBER!!!!!!!!!
This, my friends, has a ways to go. As the leaves turn brown, so will any hope of NYRE green shoots…
Park Slope: $556 psf
South Slope: $708 psf
Proof of the greater fool theory.
How’s “Team Bull” feel about that 25% haircut on a prime park slope brownstown.
Guess one widget consensus-miss sale price does not a bottom make?
–IT GETS COLD IN WINTER–
tartag- you must have been pissed that they built an extension. did it kill your light? also, my understanding is that homes between 3rd and 4th priced right around the $1 mio mark BEFORE the mutant asset bubble exploded. do you have any other comps you can share? it looks like this “buyer” must have bought all cash as no mortgage was recorded at closing.
friends just a heads up on the house from 10th street. I am not going to argue about the value of any home. My opinion quite frankly does not mean very much. I have alsways been tagught the market is always correct. Anyway. I live on that block for 18 years. One blog stated it is a crappy block. It is a great bloack with wonderful families that try thier very best to keep to keep up with the maintainance. the owner of 248 kept trebuilt that hoese from top to bottom ,inside out about 8 years ago. He did a incredible job. He had mantles from old brownstones installed,extended the house out about 16 feet and three stories high. The basement is finished and detail work from the iron in front to the isndie of the house is great. The property is 25 wide the house is 23 by 47 with four full floors, and a finished basement. I will not argue about the price, everyone has thier view, but I can tell you first hand, I live next door.This house is great, and whoever purchased the house has a solid house that needs zero work
> Ask price has nothing to do with anything.
Agreed. It’s only relevant to the bulls when something goes for OVER the asking price. Which is not something that happens so much these days.
7.4% off actual sales price would qualify as a very good bet, especially among the typical outrageous numbers offered by Los Osos. given that the widget aggregates bulls and bears and is running 15% off actual, then 7.4% off actual by a bear is effectively a bulls-eye. or maybe a bears-eye?
The asking price was absurd. Everyone on the previous thread said so as well. Most said it was overpriced by at least 500K, if not more…
Ask price has nothing to do with anything. It was outlandish from the start.