Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $3,050,000 45 State Street GMAP (left) This house was purchased by a developer a few years ago and then marketed for $4,250,000 in ’08; by the time it was an Open House Pick this May, it was listed for $3,900,000. Entered into contract on 6/25/09; closed on 8/20/09; deed recorded on 9/1/09….
1. BROOKLYN HEIGHTS $3,050,000
45 State Street GMAP (left)
This house was purchased by a developer a few years ago and then marketed for $4,250,000 in ’08; by the time it was an Open House Pick this May, it was listed for $3,900,000. Entered into contract on 6/25/09; closed on 8/20/09; deed recorded on 9/1/09.
2. PROSPECT HEIGHTS $2,300,000
On Prospect Park, Unit 10E GMAP (right)
This is an 1,825-sf, 3-bedroom unit in the Meier-designed condo, according to StreetEasy. Entered into contract on 12/17/07; closed on 8/27/09; deed recorded on 9/4/09.
3. BOERUM HILL $1,800,000
291 State Street GMAP
This four-story brownstone was a House of the Day twice: First in November ’08, when it was listed for $2,250,000, and then in January ’09, when the price had come down a touch, to $2,100,000. Entered into contract on 6/11/09; closed on 8/27/09; deed recorded on 9/2/09.
4. CARROLL GARDENS $1,690,000
6 3rd Street GMAP
The last ask on this 4-story townhouse was $1,895,000 late last year, according to StreetEasy. Entered into contract on 5/8/09; closed on 7/24/09; deed recorded on 9/4/09.
5. GOWANUS $1,650,500
162 Douglass Street GMAP
This renovated townhouse was listed for $1,825,000 in April, according to StreetEasy. Entered into contract on 6/22/09; closed on 8/20/09; deed recorded on 9/2/09.
State Street pic from StateandHicks.
they’re not locked into buying the apt. they choose to close at the contracted price rather than walk from their 10% downpayment.
you can take one of two viewpoints:
1) they’re idiots that don’t know what going on, what’s gone on and what will go on.
2) they believe that the market value of the building is not severely below their contracted price and/or that prices will rebound. they would be tarred and feathered as bulls around these parts…
ok so take the cellar out and its 430 Per sft. Still not good , I wish I had not got in at the top.
$1250/psf for the Meier building? So these are people that were locked in at the height of the bubble and didn’t want to lose their deposits? Just seems crazy, when you could get a mint brownstone anywhere in Brooklyn or a comparable apartment in Tribeca or Soho for that kind of price today.
yeah, how did they get that sq ftage?
bldg is almost 19×50′ x 4 = 3800. then they took the cellar..musta dug out deeper in back yard and added space.
But they took off most of the former garden level to have double height from the former cellar.
So really it is 2 double duplexes. Very, very nicely modern done. But the point is people do pay good money and aren’t turned off by projects as some folks here seem to indicate.
(and please don’t call it gowanus).
I agree with you Antidope about Gowanus, but to be fair on the Richard Meier place…that went to contract in 2007 and just closed in 09.
I’m just happy to see people living there now and the building has really nice curb appeal.
The rest of the sales look healthy.
bbb-
you’re joking right? that is a healthy price for that house in that location. sq ft is vastly overstated via inclusion of the cellar.
rest-
i guess the collapse of the “upper end” is still just in the gestation stage of the collapse. 5 sales over 1.6 and all look like strong prices even if ask was inflated in 1 or 2 cases.
also another sale for the widget underpricer.
743 Eastern Parkway listed for 650K sold for 6% less at 612.5 or 12% more than Le Widget predicted (548.5). HOTD 4/20/09.
Dommage. There’s always next week.
I dont know Pete. 390 Per sft in Gowanus might not be a very good indicator.
shall I say to all the ‘eew, that is so close to the projects it can’t sell for more than $1m people that Douglass St sale for $1.65m directly faces ‘the projects’…not nearby or down the street.
Lots of familiar addresses today!