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.
i would not qualify 10% off from peak comp in Dumbo as *quite a decline*
on the contrary, to get to 50% off at this rate will require a 10 year real estate slump. hello japan.
or you could call it pretty good performance in the face of a financial tsunami.
Funny — prices so far down from ask, but maybe not from comps. Anyone know?
That’s a good price for St James Place. It is a very cute house, nice details, great facade as part of a trio designed by Tubby (? If memory serves)
I really liked the renovations, sweet place, with just a bit of work to make it a 2-family.
The Dumbo price on the other hand shows quite a decline for the hood. I wonder what happened.
Minard—hard as it may be for you to believe family type buyers see a lot of upside to Clinton Hill.
3G in Sweeney sold for 1.95 in Nov 07. same sq footage. 10% off.
That’s in the range of what I’d expect the Sidney Place house to go for, though I have no idea what it looks like inside (but not for lack of trying) or what condition it’s in. I don’t remember this as HOTD, but I can’t believe they were originally asking $5.25 million. It seems that half the houses on Sidney Place have turned over in the past couple of years, and all of those sold have undergone / are undergoing years long total gut renovations, and not always for the better – all the original details were ripped out of one house, and it was given a hideous totally modern makeover.
Prices have really softened in Brooklyn Heights and Boerum Hill; still not bad though. The Clinton Hill house must have been in perfect condition to feth that price.
$683 sq/ft seems really low for the Sweeney Building.
Pretty solid price on the St James house. I am pleasantly surprised that a house like that can move in this market.