Last Week's Biggest Sales
1. COBBLE HILL $1,518,000 202 Warren Street GMAP (left) This house was pitched as follows: “Excellent investment or live in opportunity! This 4 story 4 family landmark house is located in the heart of historic Cobble Hill, on a beautiful tree lined street. The house offers original details, wood floors, a spacious backyard, new windows,…
1. COBBLE HILL $1,518,000
202 Warren Street GMAP (left)
This house was pitched as follows: “Excellent investment or live in opportunity! This 4 story 4 family landmark house is located in the heart of historic Cobble Hill, on a beautiful tree lined street. The house offers original details, wood floors, a spacious backyard, new windows, a new roof and good mechanicals.” According to StreetEasy, it was first listed for $1,995,000 in May ’08. Entered into contract on 5/25/09; closed on 8/17/09; deed recorded on 8/20/09.
2. BOERUM HILL $1,516,500
238 Wyckoff Street GMAP (right)
When this 2,736-sf brownstone was an Open House Pick in March, it was listed for $1,700,000. StreetEasy shows the price being reduced to $1,625,000 in April. Entered into contract on 6/30/09; closed on 8/5/09; deed recorded on 8/17/09.
3. SOUTH SLOPE $1,475,000
465 13th Street GMAP
The price on this 3-story brownstone was cut a couple times: From $1,775,000 to $1,650,000 to $1,585,000 in April, when the appraisal widget clocked in at $1,293,276. The sellers bought it for $1,300,000 in 2006. Entered into contract on 5/26/09; closed on 8/10/09; deed recorded on 8/18/09.
4. SUNSET PARK $1,180,000
832 48th Street GMAP
This is a 3,000-square-foot, 4-fam, according to Property Shark. Entered into contract on 6/28/09; closed on 8/5/09; deed recorded on 8/17/09.
5. BATH BEACH $1,180,000
8669 Bay 16th Street GMAP
This is a 4,224-sf, 3-fam built in the late ’90s, according to Property Shark. Entered into contract on 7/25/08; closed on 3/24/09; deed recorded on 8/20/09.
Pics from Property Shark.
Sebb, did Case/Shiller change?
But wait, M4L, didn’t you recently buy an apt in Crown Heights? Not knocking it at all, but wondering was your strategy there different or has your strategy changed? (The strategy of waiting for prices to go back up, I mean.)
I feel in the areas I can afford prices are already down tremendously and very close to or already at bottom, and the recent uptick in interest rates means prices are already going up for me. So I am buying. But of course I realize the situation is different in other areas and for mostly cash buyers.
kinda sorta…
remmeber am moving down to 1st street in a rental for a bit. But we are eyeing a condo back up in South Slope/Windsor Terrace area
BHO: Are we in a cave today?
Case/Shiller numbers show you are dead wrong.
m4l- yes you’ve hit the nail on the head. i don’t need to “interpret” any of your comments, you just called yourself greedy in public! LOL. might that influence your view of where the market is going? hmmm.
but let’s also be honest. your “see & interpret facts” leads you to an opinion. nothing more and nothing less. and your opinion might be right but it also might be wrong. also, you may not be aware of this, but the rest of us six billion souls wandering the face of the earth “see & interpret facts” too.
gosh, i guess i’m fixin for a dust-up today.
Gem, you are staying nearby though, no??
antidope, now let’s not get into same mess that got us hostile with each other. Don’t lump me with them. I don’t predict prices dropping to x level, x% off peak,…. I see & interpret facts in front of me. right now, prices are dropping so I maintain a bearish tone. let me say it one more time. When I see prices in NYC go up, I’ll buy what I can afford and if I can’t afford any, I’ll rent.
Don’t interpret me saying “I want to buy a nice PS house for <$1M” as me predicting prices will go there but rather it’s a reflection of the fact I’m greedy and a massive bargain hunter. Similarly, I might not win today’s 252M lotto drawing but that doesn’t preclude me from wanting to win it.
11217 -OH GOD! having total sellers remorse right now!
but it’s true – South Slope is doing well considering..
antidope -ok point taken. And I for one beleive if you have the money and you find the perfect house of your dreams, go for it – but just try to tow the line you know so you get a bit of a bargain.
Everyone in a deal wants to feel they came out the winner, but again mostly no one ever does!
With regard to South Slope, I think you are correct, Mopar.
Keep in mind also that South Slope is also rapidly improving with regard to retail/dining/bars etc. The area south of 9th Street has exploded over the last few years.
Just in the last year, South Slope now has Union Market, the new Mexican place Fonda which just opened last week is AMAZING if you haven’t tried it, Cafe Grumpy is now on 7th in the South Slope and a host of other great stuff. Walk down 5th and 7th Avenues past 9th Street sometime if you haven’t in a while….you will barely recognize some of the blocks they have changed so much in the past 5 years. New art gallery on 10th street and 5th, a new pub coming to 15th and 5th, Sidecar, a new bakery opening across from Eagle provisions, the second branch of Lucali on 6th Avenue coming soon, etc…