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.
g10- your first comment reflected the glib bear view so common around this site in this last year (prob payback for flipside of prior years). it also reminds me of the loudest, screeching voices around hear that demand prices drop to meet their view of the world. which, as you confess in your later post, is nothing more than an opinion. but too many of your brethren are caught in their own echo chamber and are unable to comprehend that there is a market price…even today.
m4l- your comment at 1218p is appicable to any date in history or the future. it also applies to any market anywhere, stocks, bonds, commodities.
**the peanut gallery claps for Wasder** hooray!
Wow–I have them clapping all the way from southern France.
“The whole notion that somebody else can decide whether a buyer is “dumb” is ludicrous on its face. CAn we please let people do what they want to do with their own money?”
Yeah, this is what bothers me about the “dumb” and “sucker” comments.
There is another factor involved in these decisions, one that we cannot know anything about and, as wasder implies, is none of our business.
11217, was not referring to technical definition of recession but rather what the common man sees & believes is the case (recession-wise) in NYC (ie I don’t give an F that some towns in California is seeing price appreciation, sales vol, etc)
**the peanut gallery claps for Wasder** hooray!
The whole notion that somebody else can decide whether a buyer is “dumb” is ludicrous on its face. CAn we please let people do what they want to do with their own money?
“Antidope, history (this recession) is still happening”
Actually some are saying that we will find out later that the actual recession itself may have ended in June. We’ll see.
The affects of the recession are still happening, that I will agree with.
Antidope:
sorry that 13th street house is not worth in this market the 1.475 they paid for it. But that’s MY opinion, clearly the buyers thought that house was worth that much! If I were their friends, I would think they overpaid.
however if they have the cash and can afford that huge mortgage and have more cash to dump $100K in renovation and plan to stay there for the next 10 years than great!
“paying market price is so dumb. why would anyone want to own a home? doesn’t everyone understand that prices are collapsing? the only price you should pay is 15-20% below the current prices.
this is what i learn reading ‘stoner comments.”
heehee