Last Week's Biggest Sales
1. BOERUM HILL $2,800,000 28 Butler Street GMAP (left) According to StreetEasy, by the time this 3,000-sf, 2-family townhouse was listed in June—for $3.2 million—it was already in contract. It was last purchased for $950,000 in 2007. (Presumably the sellers renovated.) Entered into contract on 6/2/09; closed on 9/3/09; deed recorded on 9/17/09. 2. PARK…
1. BOERUM HILL $2,800,000
28 Butler Street GMAP (left)
According to StreetEasy, by the time this 3,000-sf, 2-family townhouse was listed in June—for $3.2 million—it was already in contract. It was last purchased for $950,000 in 2007. (Presumably the sellers renovated.) Entered into contract on 6/2/09; closed on 9/3/09; deed recorded on 9/17/09.
2. PARK SLOPE $2,200,000
213 Berkeley Place GMAP (right)
When this four-story brownstone was a House of the Day in April, it was listed for $2.475 million. The reader widget guessed it would ultimately sell for $1,984,668. Entered into contract on 7/23/09; closed on 8/28/09; deed recorded on 9/15/09.
3. PARK SLOPE $1,300,000
90 8th Avenue, #6B GMAP
This 1,860-sf, 3-bedroom co-op was listed for $1,395,000 in June, according to StreetEasy. Closed on 8/25/09; deed recorded on 9/14/09.
4. MILL BASIN $1,275,000
130 Whitman Drive GMAP
This is a 3,220-sf single-family, according to Property Shark. Entered into contract on 9/10/09; closed on 9/10/09; deed recorded on 9/16/09.
5. PARK SLOPE $1,250,500
133 Sterling Place, #4G GMAP
This 3-bedroom unit in the Vermeil condo was originally listed for $1.99 million in early 2007, according to StreetEasy. Entered into contract on 6/25/09; closed on 9/4/09; deed recorded on 9/14/09.
Photos from Property Shark
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Oh yeah, one more thing as long as I’m patting myself on the back for my predictions: all winter I was saying I like equities and don’t like real estate (and I was buying equities and renting the whole time). How do you like me now?
“1. One factor that you are discounting is interest rates. They are unlikely to slide much more than where they are now. They can only really go up. If you have the cash now for a good sized down payment and can part with it safely, it may make sense to take advantage of interest rates.”
Prices go down when interest rates go up.
“Her opinions seem to be pointless”
At least she isn’t racist.
Have you noticed that no one ever responds to your posts wine lover and that no one cares what you think anymore after your racist outbursts and subsequent desperation to prop up your condo’s price by shameless and irrational diatribes about how Williamsburg is the center of the universe.
It’s absurd. People have called you out time and time again and you still continue to post.
Don’t entirely disagree with Lechacal, however I have the following two points:
1. One factor that you are discounting is interest rates. They are unlikely to slide much more than where they are now. They can only really go up. If you have the cash now for a good sized down payment and can part with it safely, it may make sense to take advantage of interest rates.
2. New construction, the desperation to get rid of inventory that we are seeing with a lot of new construction now may disappear as the economy sures up. The prices of condos may be flat or go down on average, but the deals that people can find because of the desperation of the developers may dry up.
Let’s wait and see!
the whole Miss Muffett thing is just strange. Her opinions seem to be pointless. you can talk something up – like an area, an architectural trend, etc… not sure that you can talk it down in the same way. it’s hard to find everything you want in real estate in NYC for everyone. i’ve looked in 3 different time periods, and all involved a great deal of leg work. it never occurred to me to just keep saying over and over again that stuff out of my price range should be in my price range. MM – just go figure it out. NYC is pricey and will always be.
DAVE – where is your data for this NY Times like opinion pretending to be fact:
“I think new condo developments carry additional baggage as well and should be avoided. The unscertainty as to the developer and quality of construction in most of them is a huge risk. Older, well established ones do not have those sort of problems.”
I have owned 2 100+ year old homes, one a brownstone, and what you’ve said it so far from the truth it’s hysterical! The first time I bought in Brooklyn, I looked at like maybe 70 Brownstones and brought an architect with me if I was remotely serious. The average price quotes to fix the places was like $350K plus the price of having to carry a mortgage and rent somewhere else. Brownstones are freakin money pits and an ongoing commitment. I’m impressed that you’ve created rental income for yourself, it’s smart, but, really brand new apartments are cake to live in and require little past decorating. Plus we have a management company and a super.
Yes, thank you Rafael9. Interesting. And everyone was relatively cordial today, sane…except for that little “KMA” outburst from someone above.
I agree that the Q is great. I know am/sound like a broken record…but Fort Greene has nearly all the trains so is super-duper convenient. I guess if you live in the western tip of Prospect Heights, the edge of Park Slope around 5th to 4th Avenues or in Boerum Hill close to the big intersection of Flatbush and Atlantic, you access those trains as well. It really is a plus if you need to get around.
> the Q train is much better than the F
I hear ya. That’s one of the reasons I opted for Ditmas Park over Kensington.
As for the Slope, you could look around the 4th Ave/9th Street stop. Then you can take the R two stops and change at Atlantic for just about any train you could want.
Yeah Ditmas/11217 – I enjoy the Center/South Slope just as much as North – but the Q train is much better than the F (but not 300 bucks a month nicer)
That reminds me – I saw a real dump on Prospect right around the corner from the Q and it was horrible! The broker wanted 1700 for it and he seemed embarassed to be showing it. Poor guy.