Last Week's Biggest Sales
1. PARK SLOPE $2,385,000 505 1st Street GMAP (left) This 4-story, 2-family brownstone was listed for $3,250,000 last December when it was a House of the Day. The price was cut several times until it was asking $2,450,000 before it went into contract, according to StreetEasy. Entered into contract on 8/5/09; closed on 11/16/09; deed…
1. PARK SLOPE $2,385,000
505 1st Street GMAP (left)
This 4-story, 2-family brownstone was listed for $3,250,000 last December when it was a House of the Day. The price was cut several times until it was asking $2,450,000 before it went into contract, according to StreetEasy. Entered into contract on 8/5/09; closed on 11/16/09; deed recorded on 12/17/09.
2. BROOKLYN HEIGHTS $1,825,000
11 Garden Place, #1 GMAP (right)
When this lower level townhouse duplex was a Co-op of the Day in May, it was listed for $2,250,000, and the widget guess on it was $1,658,066. The price was decreased to $1,995,000 in July. Closed on 12/1/09; deed recorded on 12/14/09.
3. DUMBO $1,610,000
100 Jay Street #24A GMAP
This 1,711-sf, 3-bedroom in the J Condo was first listed for $1,850,000 in March and its price was reduced to $1,749,000 in April, per StreetEasy. Its seller purchased the unit for $1,435,000 in ’07. Entered into contract on 9/9/09; closed on 12/3/09; deed recorded on 12/16/09.
4. COBBLE HILL $1,600,000
277 Baltic Street GMAP
This townhouse went for more than it was asking, according to StreetEasy, which says it was listed for $1,495,000 in September. Entered into contract on 10/22/09; closed on 12/4/09; deed recorded on 12/16/09.
5. BATH BEACH $1,500,000
242 Bay 10th Street GMAP
This 4,000-sf house was listed for $1,790,000 in June. Entered into contract on 8/24/09; closed on 11/20/09; deed recorded on 12/18/09.
Photos from Property Shark.
Shoot, I think the Baltic one was priced very well: looks very cute on the outside (love the brick houses, as opposed to the brown stone) and good layout (I like a more centrally located and compact staircase as it takes up less room on the upper floors).
In this market if you happen to be selling a truly cute place, I think it makes sense to price it to get people in the door and hope at least two really want it, otherwise your subject to, well….being made fun of on brownstoner?
apologies BiL. looking back it was …trailofrenters not you making the case for 30% off in dumbo. i see now that you may have been responding to …trailofrenters thesis, not mine.
i agree with you that dumbo condo performance has been nothing short of shockingly strong.
antidope – you’re calling me out?
purchased in october 2007 for 1.435 mill and sold in december 2009 for 1.61 mill is over 12% appreciation.
how many assets in the entire world are up 12% between october 2007 and december 2009?
This makes = flat.
“what’s the over/under on 4th quarter GDP?
place your bets.
Posted by: Legion at December 22, 2009 3:14 PM”
+.3%
And yet the dollar is strong, rates rose and the stock market is up.
Yeah, exactly, economic data was revised down today.
It’s all flat — the economy and spending and real estate prices. Even in the “outlier” areas. Minard, prices are not dropping in 11233. A lot of people buying.
Meaning I misunderstood your original post to be a further downward revision of the alraedy-released 2Q numbers. Like I said, the downward revisions of the estimate are history and already discounted but a new revision of the existing 2Q numbers (yes, it does happen) would have been negative.