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
“on the first 11 houses, average price above widget is 15%.”
Are you particularly shocked that Brownstoner readers don’t know their ass from their elbow?
Have ya READ the Open Thread before…??
🙂
on the first 11 houses, average price above widget is 15%.
brokedeveloper, if the market continues to stabilize (and i don’t think there’s much doubt that this is what we’re seeing) i think the widget will start to do better. there was an overwhelming bias toward pessimism around these parts back in april/may/june.
the rhetoric has become much more balanced; in line with the national mood, imo.
even bho’s stated metric has apparently stabilized as i see three months of improving ny data on case/shiller. is that why s/he’s gone?
Broke – if that’s true, how would the seller make a profit? they paid 950k in 2007. which would mean that they would need to sell at least at original ask of 3.2M in order to break even.
the place is absolutely beautiful.
Seems like widget is pretty consistently 10% off. That seems to have held up when the sold price was 10% off ask or 30% off ask. Could be a surprisingly useful tool if the bias remains roughly 10%.
The Butler St place is 4500 sq ft. according to Corcoran. 622 sq/ft seems pretty strong for a large house in Boreum Hill. I would bet the reno was easily $300-$350 sq/ft., meaning the owner put in $2.2m-$2.4m total. With closing costs, broker fees, etc, still a decent profit.
Also interesting (to me) since this rarely seems to happen anymore, but 35 Prospect Park West (unit 12A) was listed for $1,350,000 and closed on September 16th for $1,475,000…9.3% OVER asking price.
Wow – that Butler reno looks great from the pics. I know some people want a BS to look exactly like it did in 1890, but I don’t know how you can argue with that view. It looks like it was done in photo-shop.
Actually I just noticed that there are only 2 units left for sale at The Lincoln (former Brothel) at Lincoln Place and 7th Avenue.
I’m obsessed with that building. Such a gorgeous exterior.
almost 3 million dollars for that fugly brown box. okaaaaay
*rob*
^crazy