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.
The only records being broken are those of debt levels, government intervention, etc. I’m not wrong until we reach the next bull market and prices haven’t halved from peak. The idea of a deadline is absurd. You’re like the Paparazzi – all these snapshots.
***Bid half off peak comps***
As much as I have agreed with some of BHO’s theories in the past, I have to say that his complete imperviousness to factual data that is in contradiction to his thesis seriously diminishes his credibility.
“three other homes in PA and MA”
ROTFLMMFAO! And still 11233. You’re a piece of work, DIBS.
“In the short term, I do see housing prices stabilizing/botoming out in NYC.”
Yeah, me too, Legion. Half off in the short term will bring much needed stabilization to this fundamentally whacked out market.
Benson – do you like me too?
***Bid half off peak comps***
Yes, and how long have we been hearing you broken record?? being early or being late is the same as being wrong.
“And yet none of your predictions are coming true, BHO.”
Bad grammar. None of my predictions [have come true yet]. The director for this feature presentation, THE COLLAPSE, hasn’t yelled “cut” yet. Cameras are still rolling. It won’t be a wrap ’til after half off.
The reGOVery is a fugazi.
“I am left without a basis on which to place an optimistic assessment…I’m saying this as a real estate investor.”
Rea Rrrrrrr!!! Underground Railroad!!! All Abooooard!!!
***Bid half off peak comps***
mind you,
In the short term, I do see housing prices stabilizing/botoming out in NYC.
my question is looking out at a 5-10 year horizon, once we’ve been battered by higher taxes and as we approach the estimated dates of Social Security/ medicare/medicaid insolvency (2017 for medicare).
11233 and three other homes in PA and MA, BHO. Listen and learn.
“Does all this speculation have meaning in the face of a national debt of 13 trillion, expansion of the nanny state with this ridiculous healthcare bill and increasing tax burden being placed on working New Yorkers?”
Careful, Legion. You can get killed for asking this type of question.
But DIBS might be right about the dollar. We’re in deflation mode right now (be careful fellow goldbugs). Debt, therefore the money supply, is deflating. That’s what the Great Depression was all about. Ben Bernanke’s worst nightmare is becoming reality despite the helicopter drops.
“You are missing another incredible trade if you don’t already own YCS and EUO.”
All these incredible trades, yet restricted to 11233. Hmmm.
***Bid half off peak comps***
dibs,
I am inherently on the side of the bulls,
but given the recklessness with which this administration has taken to spending, I am left without a basis on which to place an optimistic assessment.
I simply don’t see where placing trillions of debt on a population which is in the process of growing it’s entitlement base (and decelerating it’s traditional work/growth ethic), could possibly result in a growth market for the long term.
And I’m saying this as a real estate investor.