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.
I don’t think that those sales mean much about brooklyn re. They are posted to create impressions. I think that one should focus on indices such as case shiller. This index for NYC is decreasing despite the amount of sales. Most experts agree that it will get lower. A good time to buy is when year-on-year case shiller turns positive.
I was talking about a further revision to 2Q, after the number was already out. Revisions to estimates are not really meaningful. The consensus was always 2.0-2.8, so as long as it was essentially within consensus range it’s OK.
Nitpicking, probably. Market thought it was OK today so that’s all that matters.
DIBS;
Goota go with Snarky on this one. I saw the same thing on the news.
DIBS,
According to Marketwatch, Q3 GDP growth was originally estimated two months ago at a 3.5%, but was revised down to 2.8% and then further revised down to 2.2%.
Additioanlly, 3Q corporate profits increased 10.8%, the biggest gain in five years.
Ummmm, Q3 came out today. Q2 was NOT revised downward.
Seems someone else is ignoring the facts.
He’s seems to be so stupid today that he’s not even worth arguing with. Sad.
> what’s the over/under on 4th quarter GDP?
Before or after the multiple downward revisions, as was the case with Q3?
> Benson – I ignore data noise.
Translation: I impervious to factual data that contradicts my thesis.