Last Week's Biggest Sales
1. DUMBO $2,000,000 100 Jay Street #30A GMAP (left) This 1,711-sf, 2-bedroom in the J Condo was first listed for $2,290,000 a year ago, according to StreetEasy. Its seller purchased the unit for $1,899,000. Entered into contract on 11/17/09; closed on 12/21/09; deed recorded on 1/8/10. 2. PARK SLOPE $1,950,000 457 9th Street GMAP (right)…
1. DUMBO $2,000,000
100 Jay Street #30A GMAP (left)
This 1,711-sf, 2-bedroom in the J Condo was first listed for $2,290,000 a year ago, according to StreetEasy. Its seller purchased the unit for $1,899,000. Entered into contract on 11/17/09; closed on 12/21/09; deed recorded on 1/8/10.
2. PARK SLOPE $1,950,000
457 9th Street GMAP (right)
When this 3,700-sf townhouse was an Open House Pick in May, it was listed for $2,145,000. Entered into contract on 12/17/09; closed on 12/17/09; deed recorded on 1/6/10.
3. MANHATTAN BEACH $1,645,000
175 Exeter Street GMAP
This is a 2,122-square-foot house, per Property Shark. Entered into contract on 10/12/09; closed on 11/24/09; deed recorded on 1/7/10.
4. PARK SLOPE $1,570,000
570 10th Street GMAP
This 3-family townhouse was first listed for $1,875,000 a year ago, according to StreetEasy. The price was cut several times until it was finally asking $1,640,000. Entered into contract on 11/18/09; closed on 12/23/09; deed recorded on 1/7/10.
5. COBBLE HILL $1,550,000
60 Wyckoff Street GMAP
This 3-family was listed for $1,950,000 in May, according to StreetEasy. Entered into contract on 10/20/09; closed on 12/23/09; deed recorded on 1/8/10.
457 9th St. photo from Property Shark.
I NEVER would have used Case Shiller number as ammo, BHO.
I don’t even pay much attention to them. I like to look at data on the ground.
You are the one obsessed with Case Shiller and its relevance to the NYC market.
“little bearing on the NYC market which is made up primarily of condos and co-ops”
Then why index and NYC up +200% peak/trough? Coincidence? On the way up you would have used the index as ammo. Why do you think the monthly reading gets it’s own thread here on brownstoner? R E L E V A N C Y!
***Bid half off peak comps***
not sure she’s missing you benson.
http://tinyurl.com/ye6pn3u
January 2008 LWBS
On the face, high 2563000 low 2200000, or 25-33% off today’s high and low.
“11217 – encouraging because the final prices are significant below asking, especially 10th Street and Cobble Hill.”
Muffie;
This is why I refuse to debate you anymore. You spout the same nonsense, no matter how many times folks demonstrate otherwise. Spinning, spinning, spinning. That’s what you do.
Havelc,
Sadly I’m not even sure what an RSS feed is. I just have a good memory for certain things. 🙂
And Havelc, you make a VERY good point about Case Shiller, ESPECIALLY since it doesn’t take into account condos NOR co-ops. So not only do those numbers reflect the entire NJ=NY=CT market of 21 million people as you say, it does so only on homes and really has so little bearing on the NYC market which is made up primarily of condos and co-ops.
Okay, 11217 and DIBS, you got me on a technical. I was overzealous about the ACTUAL valuation ratio between homes and tech stocks. My point was that both were unprecedented and equivalently ridiculous, not by number between the asset classes but by history within the classes themselves. It that all you have?
Welcome, havelc. First, Case-Shiller here matched brownstones here to a TEE on the way up. Both +200% peak to trough. How do you explain that away.
Second, the metro area is one market. You either pay more for a house or you pay less for a house but more in transportation and taxes. Suburbs vs the five boroughs. We all work in the City and shop the whole metro area for a home to buy. Whatever differences exist between a brownstone or a McMansion existed before Ponzi credit and thus cancels out.
Finally, that “one person”, by and large, is putting no more than 20% down. Hence, in the overwhelming majority of cases, the appraiser sets the ceiling on X + n. That is based on comps, not love. Unless you’re paying close to all cash, love does not conquer the appraisal.
***Bid half off peak comps***
MM, no sense debating the overall mkt trend. for our selfish intent, overall mkt trend is really not that relevant or important. you and I are looking at buying ONE house at a great price so all it takes is 1 desperate seller. if overall mkt is up and we somehow bought something nice for cheap, we got what we want and kind of won the debate. Vice versa, if mkt is down but somehow we don’t get that house, we didn’t get what we want and kind of loss the debate. cause at the end of the day, it’s not the overall mkt that settles the debate but rather do either of us have a nice house bought cheap to show off as evidence of victory
I’m really amazed how many people can’t see the forest for the trees.
This is why so many stayed on the sidelines and missed one of the biggest stock market rallies in quite some time.
FAIL, BHO. Your rants aren’t worth commenting about anymore today. Take a pill.