Last Week's Biggest Sales
1. FORT GREENE $1,925,000 311 Adelphi Street GMAP (left) This 4-family was listed for $2,050,000 in August, according to StreetEasy. Its listing said it had been extensively renovated. The seller purchased the 2,970-sf townhouse for $980,000 in 2006. Entered into contract on 10/29/09; closed on 11/20/09; deed recorded on 11/25/09. 2. FULTON FERRY $1,500,000 17…

1. FORT GREENE $1,925,000
311 Adelphi Street GMAP (left)
This 4-family was listed for $2,050,000 in August, according to StreetEasy. Its listing said it had been extensively renovated. The seller purchased the 2,970-sf townhouse for $980,000 in 2006. Entered into contract on 10/29/09; closed on 11/20/09; deed recorded on 11/25/09.
2. FULTON FERRY $1,500,000
17 Old Fulton Street GMAP (right)
This building, which consists of two floors of commercial space and two floors with apartments, was a House of the Day in December, when it was listed for $2,950,000. Entered into contract on 4/23/09; closed on 8/4/09; deed recorded on 11/25/09.
3. SUNSET PARK $1,260,000
853 56th Street GMAP
This is a 3,198-sf, four-family house, according to Property Shark. Entered into contract on 8/13/09; closed on 11/10/09; deed recorded on 11/25/09.
4. SUNSET PARK $1,122,000
960 47th Street GMAP
This is a 3,640-sf, 4-family, according to Prop Shark. It last sold for $995,500 in 2007. Entered into contract on 8/15/09; closed on 11/6/09; deed recorded on 11/19/09.
5. MILL BASIN $980,000
226 Mayfair Drive North GMAP
This 2,320-sf, single-family house was listed for $1,299,000 in May and the price was reduced to $1,100,000 in June, according to StreetEasy. Entered into contract on 7/17/09; closed on 11/9/09; deed recorded on 11/27/09.
Photos from Property Shark.
thank you teachers, i have so much to learn 🙂
i know someone who lived in that adelphi place. the townhouse had a fire in it and the ‘mayor’ of adelphi owned it at the time. he sold it to the current owner, with a private mortgage, from what i can tell. so the 980 was a fire-sale price, literally. in better condition it would have sold for 1.3+, i’m guessing. so they didn’t really double their money.
the reno’s on each floor were of varying quality. the garden floor was very basic, just some new plaster, but still had their pocket doors. the parlor was a lot nicer with a huge kitchen in the back.
there’s also a huge garden in the back that spans the width of 3 townhouses, since back then the ‘mayor’ knew everyone on the block and decided he would make a huge space.
gowanus, Kens just proposed to you.
Gowanus, you’re still young. Just marry rich…
Not everyone only puts down 20%, in fact I would venture to guess that with higher priced properties, 20% down is the exception, with more people putting down a lot more than 20%.
“The house was purchased for 1,925,000. W/20% down, that’s around 9k for monthly mortgage…did I miss something?”
Yes. You missed the fact that it wasn’t 20% down. Acris shows a $490k mortgage, per Pete’s e-mail.
The house was purchased for 1,925,000. W/20% down, that’s around 9k for monthly mortgage…did I miss something?
haha pete. fine they won’t have to pay 10k a month. BUT! they did have to come up with 1.5 mil. sheesh. count me as another dumbfounded poster in gowanus.
gowanus,
records are showing mortgage of 490k….that isn’t going to cost 10k a month. And you really don’t know the deal with condition or terms of last sale (where seller held mortgage).