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.
Mopar…yeah…I’d say PS has seen a 25%-30% drop or so.
“> No inventory in brownstone Brooklyn, Pete.
Wait until after the holidays, kids.
Posted by: DitmasSnark at December 15, 2009 12:37 PM
Seems I’ve been hearing this broken record for 2 years now!!!”-
exactly, that big claim was made last year. The nice product that went on market sold in my area. Never saw any big influx of new listings the entire year.
But I think that is what Dave and others have said for long time…that not going to happen with brownstones. The vast majority are going to live there for long time and turnover is very slow. This (brownstoner) market is not like some surburban development or condo bldg catering mostly to young couples.
So, 11217, how much of a drop is that? 25 or 30 percent?
(Also, shouldn’t the discount on the smaller houses be less?)
not surprising Kens – old (oftentimes) beat up houses don’t appeal to everyone.
just us weirdos!
that=than
LOL DH, Russians do love their Versace. I hate it though but someone was willing to shell out a 1.5 Mil for that place after all. Funny enough a south brooklyn condo fetched more money that some prime Brownstoners and prime condos. Oy yeah, and the maintenance for that place is prolly over 1K a month for sure.
That Penthouse looks like Master P’s house on that episode of “MTV Cribs” 10 years ago.
antidope – yes, I know – just saying that I’m curious to see what the final prices will be.
The REAL people buying these homes aren’t on brownstoner night and day, so it makes sense that the sales prices of these homes are out of sync with what the majority of posters here think. Including myself.
Anyone who thinks that 3rd Street (which in fact DOES look like a cheap rental from the photos) selling for over 2 million isn’t a huge price for that home these days isn’t really as tuned into the market as they claim to be.
MM, what do you think 3rd Street would have sold for in 2006? I’m genuinely curious. My guess is 2.6/2.7 million or so. Not really a sign of an apocalyptic market given it sold for 2.150 in 2009 given all that’s happened with the national and world economies.