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.
No problem, Broke.
And unlike MM, I don’t try to spin it. I WAS WRONG. Period. 🙂
Garden Place sold for more than almost everyone on that thread thought it would, it seems…
>
common sense
as far as Baltic street….Similar sized house/layout sold for $1.925k in 2008 (pre-crash) couple doors up. May have been nicer though – so I’d say down 15%.
“And now that I think about it, I don’t actually believe this was a 4 million dollar house at peak…over 3 certainly though…”
I think you are probably right on that. Those types are probably down more like 25-30%. Still enjoyed calling you out, though.
Brokedeveloper:
You are correct. I was wrong about 1st Street. It sold for less than I thought it would.
BUT, you are forgetting one thing. I haven’t actually SEEN any of these houses…I’m speculating. Miss Muffet comes to the table and gives us her opinion after SEEING these houses firsthand and then usually throws out a number which ends up being very low when compared with the actual sales price.
For all I know 1st Street was a dump on the inside.
And now that I think about it, I don’t actually believe this was a 4 million dollar house at peak…over 3 certainly though…
1. BrooklyninLove oh where art thou of the 600psf in dumbo thread. looks like 900psf to me. see lwbs dec8/09. i suspect you’ll take a pass.
2. folks might want to chillax a bit on calling out the bears on mispricing by hundreds of thousands; the first house traded closer to 2 when a non-frowner called 3 post lehman. see hotd thread dec3/08.
3. joey. they may be outliers but they are data. what do you have, besides an opinion?
Exactly right, Benson. She won’t be able to comprehend the fact that this (and others) have actually appreciated in price even during the recession.
But it’s true.
Honestly to be fair, the Park Slope house sold for a little less than I thought it would, but I still think that price is a huge one, given the market.
These prices are downright shocking…this is Brooklyn AFTER the fallout from much of the recession.
11217, looks like you thought the Park Slope house was a $4m house at peak…look at your post in that house of the day. If it was, that $2.35m number represents a big drop (more than 40%). Since you like to dig up Miss Muffet’s posts, I thought it would be worth digging up one of yours.
That Jay condo sale is interesting, and surprising. I hate that building. Looked at a few units there and thought the layouts were bad and the finishes were cheap. I will admit that is a very strong price, though. Much more per sq/ft than the Sweeney Building units have been going for or any of the 70 Washington units are listed for. Both those building are much nicer, IMO.
solid prices. don’t forget that they are outliers, though.