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.
Also,
I’d say that since the Fort Greene house sold for $800,000 less than ask, and I was only $200,000 off, I was fairly close.
Yes, you were close. But the point is that it was taken off the market practically right after it was featured here and did not in fact take a bunch of further price cuts till August…
But who cares, really? I really see no reason to argue about it. It sold for one helluva price. And as Kris points out, it sold for a million more than they paid for it 4 years ago. Probably spent some of that on a renovation, but it still ain’t too shabby.
11217,
I was somewhat in the ballpark with my guess, but not a bulls-eye.
And, for your information, “sold” and “closed” mean basically the same thing in real estate.
Contracts fall apart all the time. . .
Kris,
Those are important numbers to take note of. Some people still don’t seem to understand that you can ASK whatever the heck you want, it really has no bearing on actual sales price.
The $5 million BH house last traded for $1.475 in 2003.
The $2.7 million Ft. Greene last traded for $1.75 in 2005.
The $1.6 Clinton Hill seems to have last traded for $1.4 in 2005.
10th Street house last sold in 1999, couldn’t find the price.
BHO, when do you think the “peak” was? ‘Cause these seem like high prices, not lower than any previous price. As we all know, asking price (and changes to asking price) is meaningless.
The Park Slope house sold for 44% more than what the owners paid in 2006. And it seems they didn’t even renovate!
Interesting that some of these houses have been on the market so long that Brownstoner posters still did not have log-in names. Most posters were “guest”. Amazing how long it takes to move real estate in NYC.
Well, he didn’t get the price right, it didn’t have multiple price cuts every month until it sold in August, it actually sold about 6 weeks after Brownstoner highlighted it, and for what I consider to be a pretty huge price for a house in Ft. Greene.
Sorry that the truth bothers you so much.
11217 you are absolutely right. Iron Balls’ prediction, to be a true “bulls-eye” not just some vaguely accurate assessment, should have stated precisely what day the house would go into contract, what day (and preferably time) the deed would be registered, AND he should have at least gotten the total to within a few hundred dollars. The truth is that I have a huge crush on IRon Balls and just wanted to suck up to him (hehehe). Please, don’t let me annoy you with my sweeping exaggerations on subjects that should be held to scientific standards of accuracy if they are to be addressed at all. Forgive me.