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.
“The thing to look at is how much lower these sales are than they would have been during the peak.”
So how much lower are these PS prices from peak? Are Park Slope brownstones now $200 – 400,000 less than peak? or is it more steep?
I’m a fan of the 6th street house. Feels to me like the buyer got a good deal there. The 3rd street house was very dissapointing inside. I had visions of heavy period detail based on the location and facade but I guess not, hence the somewhat tepid price. I still think jumbo mortgages are much harder to come by these days causing some downward pressure at the higher end of the market. Having said that places are still selling and over the long term things will pick up especially given how few brownstones are for sale.
quote:
Brighton Beach! Marble columns! Chanduh-leers! You’re gonna lose ya MIND!
that SNL skit is HYSTERICAL. when i lived in jersey, sometimes a random commercial would come onto a station from a local business, and seriously, they werent much different than those SNL skits hahahah
*rob*
just bc you insist doesn’t make it so.
i see more contract activity now than any point in the last 12 months (despite it being the *low season*). go look it up on streeeteasy for yourselves.
i see prices levelling off. top is off the market but i dont see prices lower today than 6 months ago. 10-20% off pre-Lehman, for sure, but it looks — at least for now — more and more like a one-time adjustment.
always hard to predict the future though everybody’s made their bets.
Brighton Beach! Marble columns! Chanduh-leers! You’re gonna lose ya MIND!
Posted by: Brenda from Flatbush at December 15, 2009 12:43 PM
Hah!
Manhattan inventory continues to fall pretty fast:
1 Day 7 Day 30 Day
Total Inventory 8,545 8,625 8,921
Brighton Beach! Marble columns! Chanduh-leers! You’re gonna lose ya MIND!
“Did they pay for this design/advice?”
They probably paid an architect who obviously should jump off the roof of this building 🙂
“Is picture#6 a stove or what?”
I think it’s an or what.
Asking prices have zero to do with anything.
The thing to look at is how much lower these sales are than they would have been during the peak.
The PH house yesterday was asking 2.5 million.
That does not mean that if it sells for 2 million that it proves your point, MM. It means the house was severely overpriced.
The ask of 3 million on 3rd Street was never going to happen. Did you see the photos??