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.
I just can’t take it. Adelphi: how does this place DOUBLE in 3 years? Even with renovation? Are the floors made of gold? And PS – what do all these brownstoner owners do for a living that they can afford a 10k+ monthly mortgage? Please, explain this to me so I can start applying for new jobs.
Yeah the Fulton Ferry place IS half off. Hmm.
In the early 1960s, my father lived in the top corner apt. above where Pete’s is now. I do not think ANYTHING has been done to the upper floors of that building since. Really, it looks exactly the same except worse than pictures from when he lived there, and then pictures I took as a kid in the late seventies when my mom was showing us where he lived. Same paint even. He found nice old furniture in the attic up there that the landlord let him have cause it looked like junk. (Was it a seaman’s hotel at one time?) But he stripped off layers and layers of paint leaving great old wooden pieces. My mom still has them.
maybe I should not be so bitter with what that Fort Greene house sold for?
Adelphi owner bought for $980k, probably spent a good chunk on renovations, but very likely made a profit, which is much different from a lot of the 2006/2007 to 2009 flip jobs on this site.
Seems like a crazy price for a 4 family, but hey, congrats to the flipper.
Go Fort Greene! That is a pretty big price tag. Very nice location though if you want to be in the thick of the action in this neighborhood so I guess that’s a location buy. Sale price more than doubled from 2007 to 2009! Crazy.
11217, check your email (seriously).
brooklyn half off someone’s dreams, hopes and aspirations. we’ve arrived (see fulton st).
otoh, there are plenty of outliers here from which we should glean absolutely no information about the current state of the market or its direction. two homes in sunset park over 1.1 mio including one that sold for 20% MORE than 2007 price? find me one of those idiot buyers, say the shadow inventory sellers…ft greene 4 family at a ps price; what are folks smooooking?
8/20/09 hotd 52 s oxford sold for 1.34 7% above widget.
329 adelphi will beat original widget probably by 10+% and revisited widget by 38%. there are at least nine other hotd in contract.
**sorry to hijack this thread, but it will only take a moment**
BROWNSTONER HOLIDAY PARTY THIS THURSDAY, DEC. 3 AT 6PM AT BELL HOUSE! SEE THE FORUM POSTING FOR EVENT DETAILS!
**now back to our regularly scheduled programming**
Good price for a four family on Adelphi across from a school, with a very specific renovation style (i.e. specific to the tastes of the owner). I like that row of houses and the block, just surprised a four family would sell so well. I guess you could live there and rent 3 apartments…