Last Week's Biggest Sales
1. PARK SLOPE $2,150,000 632 3rd Street Street GMAP (left) This 4,152-sf, 2-family was listed for $2,995,000 last October when it was a House of the Day. The price was dropped to $2,495,000 last December. Entered into contract on 9/16/09; closed on 12/3/09; deed recorded on 12/13/09. 2. MILL BASIN $2,050,000 2406 National Drive GMAP…
1. PARK SLOPE $2,150,000
632 3rd Street Street GMAP (left)
This 4,152-sf, 2-family was listed for $2,995,000 last October when it was a House of the Day. The price was dropped to $2,495,000 last December. Entered into contract on 9/16/09; closed on 12/3/09; deed recorded on 12/13/09.
2. MILL BASIN $2,050,000
2406 National Drive GMAP (right)
This is a 3,048-sf, single-family house, according to Property Shark. Entered into contract on 8/11/09; closed on 11/20/09; deed recorded on 12/8/09.
3. PARK SLOPE $2,038,000
448 6th Street GMAP
When this brownstone was first a House of the Day in October ’08, it was listed for $2,825,000; by the time it was a House of the Day a second time this summer, the price had been dropped to $2,149,000. The appraisal widget clocked in at $1,819,650. It was asking $2,099,000 before it went into contract. Entered into contract on 9/21/09; closed on 12/7/09; deed recorded on 12/10/09.
4. MIDWOOD $1,750,000
1441 East 8th Street GMAP
This is a 1,386-sf, single-family house, according to Property Shark. Entered into contract on 9/17/09; closed on 11/19/09; deed recorded on 12/7/09.
5. BRIGHTON BEACH $1,500,000
70 Oceana Drive West, #PH2C GMAP
This 2,200-sf penthouse was a FSBO that was first listed for $2,500,000. Entered into contract on 6/1/09; closed on 11/20/09; deed recorded on 12/7/09.
Photos from Property Shark.
tone police aside, case in point – miss muffet and ditmas snark both of you completely shat on a new HOTD last month (interestingly in the exact same order you posted above….hmmm) that went into bidding war and is now in contract above the asking price. I’m selling nothing, believe what you want. Sandbagging here will have no effect on the market. The charade is interesting here, to say the least.
I also find invisible’s tone of “buy now or be priced out” laughable. Even if prices stabilize (which is totally unknown – they could, or they could certainly continue to go down), the risk at this point still seems to be more that one is overpaying.
> the ship is leaving the station.
Buy now or be priced out forever. LOL.
“the bottom of this market has occurred on a psf basis.”
Oh no the bottom callers are out!
The recession is over but the depression has just begun…
Very interesting.
the bottom of this market has occurred on a psf basis. bidding wars are happening right now for (the very few) properties priced fairly near recent comps. plenty of half-cash or more buyers lingering. for those sellers who are just market testing, or pricing high with expectations of closing 10-20% lower, the usual scenarios apply. but things have definitely stabilized and are price-able with a decent degree of confidence.
whether one likes it or not, the bailout worked for nyc. can’t say for other states because i don’t live there. brownstone brooklyn is just completely devoid of supply.
if you want to wait for some hypothetical scenario like stagflation to come and go (or a long slow Japanese style decline) you’ve got another 5-10+ years. otherwise if you actually want to live in a property the ship is leaving the station.
i know some people really don’t want to believe this, but this is where we are.
c’mon BG. Somehow I don’t think your place looks like that penthouse.
Rude, yes.
Discriminatory…? where?
These are some rude and discriminatory comments above…and I resent them.