Last Week's Biggest Sales
1. MILL BASIN $2,850,000 2235 East 66th Street GMAP (left) According to a listing, this house is 12,096 (!) square feet and was asking $5 million. Entered into contract on 9/22/09; closed on 9/22/09; deed recorded on 10/21/09. 2. PARK SLOPE $2,400,000 178 8th Avenue GMAP (right) When this single-family was a House of the…

1. MILL BASIN $2,850,000
2235 East 66th Street GMAP (left)
According to a listing, this house is 12,096 (!) square feet and was asking $5 million. Entered into contract on 9/22/09; closed on 9/22/09; deed recorded on 10/21/09.
2. PARK SLOPE $2,400,000
178 8th Avenue GMAP (right)
When this single-family was a House of the Day in May, it was listed for $2,995,000. The reader widget guesstimate for its selling price, $2,382,103, was pretty close to the mark. Entered into contract on 8/11/09; closed on 10/14/09; deed recorded on 10/21/09.
3. PARK SLOPE $1,975,000
458 2nd Street GMAP
This 4-story townhouse was listed for $2,235,000 in April, according to StreetEasy. Entered into contract on 9/15/09; closed on 10/6/09; deed recorded on 10/19/09.
4. MANHATTAN BEACH $1,700,000
118 Hastings Street GMAP
A 3,908-sf, 2-family, according to Property Shark. Entered into contract on 12/22/08; closed on 8/11/09; deed recorded on 10/23/09.
5. PROSPECT PARK SOUTH $1,600,000
1306 Albemarle Road GMAP
This sprawling Victorian Flatbush beauty was on the market for a long time. The 15-room manse was a House of the Day in September ’07, when it was listed for $2,595,000. By the time it was an Open House Pick this May, the price was down to $1,895,000. While the house sold for quite a bit less than it was initially asking, this still has to be one of the biggest sales ever in Prospect Park South. Entered into contract on 7/10/09; closed on 10/15/09; deed recorded on 10/23/09.
8th Avenue photo from Property Shark; Mill Basin photo from Realtor.com.
> mortgage resets won’t be an issue unless rates rise.
Not true.
– http://www.nytimes.com/2009/09/09/business/09loans.html
“Edward and Maria Moller are worried about losing their house — not now, but in 2013.
That is when the suburban San Diego schoolteachers will see their mortgage payments jump, most likely beyond their ability to pay.
Like millions of buyers during the boom, the Mollers leveraged their way into a house they could not otherwise afford by taking out a loan that required them to make only interest payments at first, putting off payments on the principal for several years.”
Antidope:
A couple townhouses on my block sold for around 2.7 million or so in 2006 and 2007. They were around 5000 sf which works out to $540 psf.
The biggest sale on my block in years was a house which sold at the peak for 3.2 million and was 4800sf.
That’s 666 psf.
The notion that townhouses were selling for closer to $900 psf is not true.
If that’s the case then a 4000 sf townhouse would have sold for 3.6 million which almost never happened (at least in Park Slope) at the height of the market. I think maybe one or two of the very nicest houses on Montgomery or 3rd Street may have gotten close, but that was CERTAINLY not the norm.
3 million was about as high as prices went on a PS townhouse and those were truly special. Now those same homes seem to be trading closer to 2.5 million or a little under.
dandel = stevieb = bho ???
d’mas- job losses appear to be slowing; mortgage resets won’t be an issue unless rates rise.
th comps: more specific pls. still not convinced. th always trade for a wide range on the $$$/sq ft metric bc there are many variables that it does not capture: unused FAR, full height/usable basement, backyard/deck, for instance.
is it just me or do the larger th offer more bang for sqft buck?
How about “none of the above for mayor?” At least if voters had a “no-confidence” vote which if it won would result in some sort of power-sharing situation until better candidates could be found we could have something resembling the true will of the people.
quote:
hard-working families in new york
there’s very few of those in nyc. people are either living off the government or totally wealthy and are just as lazy as people on welfare.
*rob*
Give it a rest, Stevieb/dandel/BHO or whoever you are.
>once again, am impressed by the large amount of $$$ changing hands on houses – regardless if transaction was x% below peak, ask,….
yeah, wall street firms are paying out a lot of bonuses after receiving and keeping tax payers money.
**Bill Thompson for Mayor**
once again, am impressed by the large amount of $$$ changing hands on houses – regardless if transaction was x% below peak, ask,….
wasder, less bad is not the “new good”; it is still bad.
True but isn’t the definition of bottom when the numbers start rising over a long period of time. Don’t know if seven months is enough to say that but it would seem that at this rate that we may approach zero YOY in the not distant future.