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.
wine lover, its not nice to make fun of people with Blog Tourette’s.
so i have some stuff in my basement i’d like to get rid of. i’m taking digital shots and starting to post it on craigslist, but the best offer i am getting is 50% less than my ask. the pattern is repeating itself.
q: is the market for basement junk half off or am i mispricing my junk?
minard, i am a bit surprised you went with door number one.
stevieb – foul man – leave out the swearing and personal attacks. horrible – MR B??
“New York real estate has under supply”
New York jobs/income also have undersupply, 10th.
“I don’t know why folks are surprised at the price for the 3-bedroom apt at the J Tower”
It’s a condo and the sale beat ’07, Minard. That’s suprising. But it’s also unsustainable.
Oh yeah, I forgot. These are LWBS’s. Exceptions, not rules.
***Bid half off peak comps***
–REMOVED BY MR. B–
as usual, am impressed by the large transactions – outliers or not.
unless I hit the lottory tonight, looks like my wait is looking indefinite now. I aint putting it up yet but am eyeing the stick and white cloth (ie for the white flag I might have to wave)
the prices seem a little weak to me. The park Slope house sold for almost a million dollars under initial ask. Garden Place duplex almost half a million under. Keep in mind that these are very choice properties in top-of-the-top locations.
I don’t know why folks are surprised at the price for the 3-bedroom apt at the J Tower. 1.6 million for a 1700 sq ft high-floor, low-maintenance, 3-bedroom condo seems like a deal for the buyer. The J tower is ugly from the outside but the units are nice especially the ones on the high floors.
These are not strong prices for super-deluxe properties.
Dumbo continues to amaze with PSF pricing. I think that’s an exception rather than the rule for current levels. Still – sales at the higher end of the market are encouraging and don’t exhibit capitulation. They do exhibit the tendency for realtors to over assess in places…..
Last night I walked home along 4th ave and despite numerous postings the new construction are by and large inhabited. e.g the postcard slim building next to catty shack, The Novo, The Crest etc. The fact remains that New York real estate has under supply for the population, be they rental or owned. Pricing will fluctuate but long term with that dynamic in place = good for homeowners.
1. Approaching Fort Greene peak comps.
2. Approaching Park Slope peak comps.
3. Impressive. Not too late to exit RE.
4. Impressive. Not too late to exit RE.
5. No comment (outside the belt).
***Bid half off peak comps***