Last Week's Biggest Sales
1. CARROLL GARDENS $1,345,000 215 President Street GMAP (left) This is a 3,320-sf, 3-family, according to Property Shark. Listing trail MIA. Entered into contract on 6/17/09; closed on 8/14/09; deed recorded on 8/25/09. 2. COBBLE HILL $1,300,000 314 Clinton Street, Unit D GMAP (right) This is probably the same unit featured as a Co-op of…
1. CARROLL GARDENS $1,345,000
215 President Street GMAP (left)
This is a 3,320-sf, 3-family, according to Property Shark. Listing trail MIA. Entered into contract on 6/17/09; closed on 8/14/09; deed recorded on 8/25/09.
2. COBBLE HILL $1,300,000
314 Clinton Street, Unit D GMAP (right)
This is probably the same unit featured as a Co-op of the Day in April, a 1,712-sf floor-through asking $1.35 million. (Only confusion is the apartment number on that listing was 3, not D.) Assuming it is indeed the same unit, the reader appraisal widget came in at $1,042,993. Closed on 8/12/09; deed recorded on 8/24/09.
3. CARROLL GARDENS $1,200,000
82 Woodhull Street GMAP
This is a 3,600-sf, 4-family, according to Property Shark, which says it was asking $1,599,000. Entered into contract on 8/18/09; closed on 8/20/09; deed recorded on 8/27/09.
4. BOERUM HILL $1,130,000
223 Wyckoff Street GMAP
This townhouse was listed for $1,295,000 in February, according to StreetEasy. Entered into contract on 5/18/09; closed on 7/20/09; deed recorded on 8/28/09.
5. PROSPECT HEIGHTS $1,003,500
On Prospect Park, Unit 6L GMAP
This 2-bedroom unit in the Meier-designed condo was listed for $1.6 million, according to StreetEasy. Entered into contract on 7/9/09; closed on 8/14/09; deed recorded on 8/27/09.
Pics from Property Shark.
interesting Tokibun, what realtor did you see President st. from and what was asking price then?
How would you describe duplex- layout, age of kitch, bath, etc.?
82 Woodhill is in fact a complete dump. Saw it a few months ago. Needed a complete gut and is right near the BQE on a noisy block, just near a BWQ off-ramp. The buyers must have been out of their minds to pay more than $800k…$900k for it.
We saw the President St house a few months ago. It was actually in pretty nice shape (definitely not estate condition), with the lower duplex and one of the other 2 appartments rented at market rate, with all rents expiring or expired. The other apartment needed paint here and there, but looked like you could rent it out pretty much right away or live in for a while. Downside: not many details left, garage next door, facade painted over, old boiler. Don’t know about the rest of the mechanics though. We couldn’t afford it, but $1.345M sounds almost reasonable, esp. given the insane price level in Carroll Gardens…
bho logic is garbage in, garbage out.
pls explain why there is a 10% relationship between ask and comp. did you pull this out of your bho? is there some sort of law of averages on this one? did you find hat on wikipedia?
1. huh? oh i see. bc you say so. got it!
2. idiot buyers aka the market. strong sale.
3. not exactly a sought after nabe tucked into the armpit of the BQE/tunnel interchange. pls show me a better comp. 1.2 here seems strong. forget ask, it could’ve been a niece in iowa who set the ask.
4. see boerumresident comments. strong sale.
5. OPP is a terrible price for building but high in absolute terms for the nabe.
now add Satori strong sales and we see more idiots.
so the market really is full of idiots.
so so you need to revert to your other arguments.
give it time folks, 50% off will be here soon. eventually. in 2009 dollars. or something. really.
so so so i’ve covered for you and now you don’t need to post again on this thread.
82 Woodhull has a dumpster and permits in front of it. It is a gut job. 215 President street is undergoing a renovation also.
Though 10% less accurate than comps, typical original asks count for something…
1. -20%…until proven innocent
2. -4%…born every minute
3. -25%…ouch! (ahead of Case-Shiller)
4. -13%…’every minute (Welcome to NYCHA)
5. -37%…medic!
***Bid half off peak comps***
OPP has definitely been “making deals” lately. the carroll gardens townhouses are interesting. who knows what condition they are in (over 30 years with same owners at both; timing of contract/closing on woodhull suggests possible issues) and the proximity to the BQE would be a negative (for us – we’re not car (or car noise and car exhaust) people). but given that they are both in ps 58 zone on decent blocks and not too terribly far from at least one train, i have to say these sales are the first since we bought that make me even slightly jealous.
president st. seems good price compared to previous years.
considering/assuming estate condition(prior owner bought 1970’s ) and size 16.5 x45 3 family 4 floors.
Could be proof of cheaper market (I would guess this size/condition/location in previous era would be $1.55)-
but also since no listing trail maybe could have gotten a bit more if marketed thru major realtors.
I think the most interesting sale is the Wyckoff Street listing — it moved fairly quickly IIRC. More importantly, I think it’s a nice mark for the team not so bearish. It was a little house (16′ wide) on a block somehwat further form the subways than other blocks and near those projects that people always note on this blog. Goes to show that a nicely kept house on a relatively pretty block still has interested buyers willing to pay.
(Also the 20′ wide single family across the street went for over $1.5 million last month.)