Last Week's Biggest Sales
Despite substantial chatter that the 5th Street was overpriced, its buyer disagreed. We’re curious what the Fort Greene house was asking, so if anyone saw the listing, fill us in. 1. PARK SLOPE $1,875,000 360A 5th Street GMAP (left) Listed at $1,875,000 when featured as an Open House pick in October. 3-story, 2-family home. Deed…
Despite substantial chatter that the 5th Street was overpriced, its buyer disagreed. We’re curious what the Fort Greene house was asking, so if anyone saw the listing, fill us in.
1. PARK SLOPE $1,875,000
360A 5th Street GMAP (left)
Listed at $1,875,000 when featured as an Open House pick in October. 3-story, 2-family home. Deed recorded 3/18.
2. FORT GREENE $1,585,000 $1,815,000
246 Carlton Avenue GMAP (right)
4,112-sf, 3-story landmark house. Listing appears lost in the ether, though an August Forum post said it was asking $2.2 mil. Deed recorded 3/17.
3. SOUTH SLOPE $1,500,000
216 14th Street GMAP
Two-fam fliperoo: Asking $1,650,000 when profiled as HOTD in December; purchased last June for $1,150,000 and saw interior reno in the intervening months. Deed recorded 3/17.
4. DUMBO $1,500,000
70 Washington Street, Unit 11L GMAP
Unit at Dumbo loft conversion. Deed recorded 3/17.
5. BOROUGH PARK $1,375,000
1547 48th Street GMAP
2,296-sf, 2-fam house w/ garage; built circa 1930. Deed recorded 3/21.
Photo of 246 Carlton from Property Shark.
The tWhat = Lying Lodi Loser.
The tWhat = Lying Lodi Loser.
Gee, sorry to break it to you Slopers but houses are selling in other neighborhoods too. Because, follow me here, not everyone can afford $2.5 to $3 million houses or $1 million condos the size of a closet.
Here’s what’s especially interesting – that’s actually GOOD for your home value houses to sell in other places in Brooklyn. Yes. I know it’s a little hard to absorb. But yeah, if the overall Brooklyn and NYC market is healthy then that’s really good news for Park Slope. Being that Park Slope is not an island no matter how much you wish it were so. If no houses were selling at all in other neighborhoods that would not bode well for the local economy and market. So be careful what you wish for.
Park Slope is of course a great place to buy in and live in. But there are tons of young couples who spent beyond their means to buy there which most logic would not say is not a good thing to do. People should buy what they can afford and not be ashamed they aren’t as wealthy as some others. It’s so tired and boring to be materialistic and status obsessed. Dreadfully unfashionable. The new way is to be more modest and humble.
“Oh nothing is selling the market is dead, nobody is going to pay this money for these homes, its impossible, its unbelievable.”
“Im just laughing at all the naysayers assholes every week, your proved wrong weekly”
Well.. Just add The NY Times and The Wall Street Journal to the list of “assholes”
Commercial Projects Stalling: Add Ratner’s Atlantic Yards to the List
http://blogs.wsj.com/developments/
Economic slowdowns and ambitious housing projects don’t typically mix well. As the Times points out: A developer for the redevelopment of Times Square was selected in 1984, but work did not begin for 12 years — with a different developer — largely because of a recession, as well as 47 lawsuits.
And….
With Economy Tied to Wall St., New York Braces for Job Cuts
http://www.nytimes.com/2008/03/24/business/24jobs.html?_r=1&oref=slogin
But now, as the city braces for a big contraction in the financial sector as a result of the credit crisis and the collapse of Bear Stearns, the fallout could be worse than in the past.
Yep, Fuck those assholes! They don’t know anything! This is why you are going to get a steel pipe rammed up your asses! Ignore the market at your own peril. Over 10k a month to live in the Hood. Yeah, that will work out.
The What
Someday this war is gonna end…
BTW Don’t give that shit about NAR Existing Home Sales Rise In February Bullshit it’s down 8% year over year.
http://www.realtor.org/press_room/news_releases/2008/existing_home_sales_rise_in_february.html
What did carlton ave place look like inside. I love this location and would buy a great brownstone there for more, but every one I see has been or needs to be gutted. There are no details left – just pretty on the outside shells. They are only worth 1.5 at best.
11:29 here. nope, not too familiar with it. but it sure seems nice though. probably like one of the top 10 neighborhoods i have ever visited. and prestigious too.
there are old shitty signs well over 30 years old that have Park Slope on them as far down at 15th street.
5th street has always been park slope
condo market seems to be doing just fine too — that 1.5 for a 2 bed + home office is a healthy price.
houses in the named streets of park slope often sell for close to 3 million, 11:29.
are you not familiar with the neighborhood?
1.8 million for 5th street (which once was not even considered park slope) is a pretty good price.