Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $3,310,000 47 Sidney Place GMAP (left) When this 2-family was a House of the Day in September ’08, it had just been listed for $5,250,000; by May it was asking $3,600,000. Entered into contract on 10/9/09; closed on 11/9/09; deed recorded on 11/19/09. 2. DUMBO $1,750,000 30 Main Street, #4G GMAP (center)…
1. BROOKLYN HEIGHTS $3,310,000
47 Sidney Place GMAP (left)
When this 2-family was a House of the Day in September ’08, it had just been listed for $5,250,000; by May it was asking $3,600,000. Entered into contract on 10/9/09; closed on 11/9/09; deed recorded on 11/19/09.
2. DUMBO $1,750,000
30 Main Street, #4G GMAP (center)
According to StreetEasy, this 2,556-sf, 3-bed condo in the Sweeney Building was listed for $1,995,000 in July. Entered into contract on 9/9/09; closed on 11/2/09; deed recorded on 11/18/09.
2. BOROUGH PARK $1,750,000
5709 17th Avenue GMAP (right)
This is a 5,200-sf, single-family house, according to Property Shark. Entered into contract on 6/1/09; closed on 11/11/09; deed recorded on 11/19/09.
4. CLINTON HILL $1,555,000
179 St. James Place GMAP
When this 3,200-sf, 2-family was an Open House Pick in February, it was listed for $1,650,000. It last sold for $815,500 in 2005. Entered into contract on 8/15/09; closed on 11/6/09; deed recorded on 11/19/09.
5. BOERUM HILL $1,400,000
150 Bond Street GMAP
As covered last week, this shell of a house was originally listed for $2,495,000 in March ’08. Entered into contract on 9/29/09; closed on 11/6/09; deed recorded on 11/18/09.
Photos from Property Shark.
maybe sweeney bldg was down 50% and we’re up 40% from the bottom. rally time!!
bd, 70 wash is much bigger bldg. i’ll take a look later for some comps daya. bc you’re reasonable and not a whack job like so many others around these parts…otoh, $10 on SE will get you everything.
“on the contrary, to get to 50% off at this rate will require a 10 year real estate slump. hello japan.”
And no change in foreign or gold exchange rates. Back to reality (like less than 10 years)…
2005 gold = $450/oz
Gold right now = $1170/oz
450/1170 x 1.55M = $600K, a 26% drop since 2005, let alone from peak comps (probably already half off in gold).
1924 German toilet paper ($50 bread in modern day USA) or deflation? Washington continues to dilute our currency with the “printing press”. Either way, half off is not far fetched and not far away. Not at all.
***Bid half off peak comps***
Once again, only wall street fuckers are able to afford the biggest and most expensive houses, like 47 sidney place in brooklyn heights.
same reaction once again – IMPRESSED by the large transactions and DISAPPOINTED that I’ll need to wait longer for the nice house at <$1M
Dumbo has 2 of it’s 3 “bedrooms” listed as “interior.” IE: 2 windowless rooms. Perfect for your agoraphobic children and your blind mother-in-law.
BD, I’ve actually seen substantial price cuts on a fair number of DUMBO apartments (most in the Eagle Warehouse). I’m thinking this may have more to do with this particular apartment in the Sweeney Building.
The Sweeney bldg apt was less expensive per sq foot than its neighbors because its not a 3 bedroom. Its a one bedroom and then has 2 interior rooms. DUMBO realtors are always calling these 3 bedrooms and they are not legal bedrooms. Even section 8 apts will not allow a bedroom to be called a bedroom unless it has windows (not lot line windows) and a closet. But for some reason in DUMBO you can call it a bedroom. The only real 3 bedrooms in this bldg are in the B line which is the corner unit facing the Manhattan bridge/park and along Main Street. The windows are on two sides so all 3 bedrooms have windows(and their views will not be blocked by the Dock Street project).
I really like Clinton Hill but I have to admit I wonder who is buying old houses there for a million and a half dollars.
I suppose the folks who still have money have a lot of it. Enough for an expensive house and private schools.
Thanks for the info. I would characterize it as Dumbo holding up better than other areas (obviously, since many others are closer to 20% off per previous discussions). Probably also something to be said for the dearth of 3 beds available in high end buildings and the fact that Dumbo is still a hot place to live.
Some 2 Beds at 70 Washington have been selling for what seems like more than 10% off peak. Antidope, since you are the man with the data, perhaps you can do a pull….