Last Week's Biggest Sales
1. PROSPECT HEIGHTS $2,150,000 129 Prospect Place GMAP (left) This 5-family brownstone was listed for $2,500,000 when it was a House of the Day in May. The reader widget guess on it was $1,752,092. Entered into contract on 11/9/09; closed on 12/8/09; deed recorded on 12/28/09. 2. PARK SLOPE $1,825,000 438 7th Street GMAP (right)…
1. PROSPECT HEIGHTS $2,150,000
129 Prospect Place GMAP (left)
This 5-family brownstone was listed for $2,500,000 when it was a House of the Day in May. The reader widget guess on it was $1,752,092. Entered into contract on 11/9/09; closed on 12/8/09; deed recorded on 12/28/09.
2. PARK SLOPE $1,825,000
438 7th Street GMAP (right)
This 2-family was listed for $1,950,000 when it was an Open House Pick in September. Entered into contract on 10/31/09; closed on 12/18/09; deed recorded on 12/28/09.
3. CLINTON HILL $1,655,000
219 Washington Avenue GMAP
As covered yesterday, this brownstone was at one point asking $2,835,000. Entered into contract on 11/26/09; closed on 12/18/09; deed recorded on 12/30/09.
4. MANHATTAN BEACH $1,375,000
108 Exeter Street GMAP
This 3,522-sf single-family sold in an estate sale. Entered into contract on 8/10/09; closed on 12/1/09; deed recorded on 12/29/09.
5. BOERUM HILL $1,250,000
123 Boerum Place #3C GMAP
This duplex condo was listed for what it sold for, according to StreetEasy. Entered into contract on 10/20/09; closed on 12/15/09; deed recorded on 12/28/09.
Photos from Property Shark.
re: the PH house discussion…don’t think hiding behind an LLC. I have tried to point out before that some/many of these ‘oversized’ buildings end up as condo conversions or investments not just some individual or couple looking for a home to live in. Brownstoner readers seem fixated on that only buyers out there are ‘families’ looking for a 1 or 2
(or rarely 3) units and forget that although that is part of the market it is hardly all or most of it.
Miss muffett sat on her tuffet and thought she knew brownstone market . Boo hoo too expensive for her cheap dried up muffet. Loser.
i thought it was off season for bear hunting.
with newfound ability to identify name and personal info of buyers thru the intrawebs via sites like property shark and blockshopper, i can’t say i can blame a buyer for putting up a modest shield from nosy folks like us…
maybe they made the 7th st house wider
Oops! You’re right, I read the the HOTD and did vote for most overpriced at $2.5M. The actual selling price is at least $300,000 over my most generous estimate, given the house’s condition.
I wish the buyer had not hidden behind a fake LLC, but I can certainly understand why.
Oh no, not by far. This house has very strong points, it’s a 5- story Italianate, 22-ft wide, with an extra long lot (like many in PH.). Still, the reno was “cheap rental standard”.
I expect investors with millions in cash to be a bit more demanding than 3% net ROI, so I have to assume it was love at first sight. It seems to me that including the first-class work needed to make it into a trophy property, there are more appealing choices.
Maly,
Wasn’t the PH house your vote for most overpriced house ever?
Guess some people do in fact prefer Prospect Heights over Park Slope and Cobble Hill.
The thing some people still don’t seem to get is that for *some* people, brownstones are not investments which are only bought around a specified formula of rent rolls. Some people love these homes, want them and will pay for them. Just like some people pay obscene amounts for cars, handbags and diamonds. And you can’t live in any of those.
I am astonished by the selling price in Prospect Heights. I can’t believe someone paid that much in an all-cash purchase. The house has great bones, but at that price it’s a terrible investment.
Antidope,
Go read what you wrote to Miss Muffet in the 7th Street thread. It’s rather amusing.
Seems that all the comments on 7th Street and Prospect Place were way off the mark.
As usual.