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 wouldn’t compare Union with 9th Street. Union is a traffic horror show, 9th is much quieter. Because of the width of the street, you get something I kike a lot…. great light. And of course you have direct access to the Park, a nice supermarket, two subways, and a few restaurants. Houses on 9th are much nicer, unlike Unions which has a bunch of cheap apt houses as well.
11217, the only thing I have to ask is do you have an RSS feed on Brownstoner price stories? You have been very quick to the draw/ setting the tone lately…
All I can add to this convo is that BHO (and others) should look at the methodology of Case-Shiller. It is incredibly useful as a macroeconomic bellwether, but keep in mind it tracks home price changes across the entire metro area of 21 million people.
While macroeconomic trends affect consumer decisions and pricing (some condos going bankrupt that would have sold 3 years ago, high unemployment, etc.) with a list such as this it only matters whether there’s one person who sees a brownstone (or J apartment) and says, I like this house… someone else will pay X price so I’ll have to pay X + 1.
“You didn’t say murder, BHO. You said crime.”
Oh, my bad. Murder up, crime down. That was awesome, 11217!
Ridicule is relative, DIBS. I’m comparing the pattern between apples-apples (historic stock crashes) and oranges-oranges (historic RE crashes), DIBS. Dot bomb was just as ridiculous as the value of granite countertops (or the overpriced opportunity to pay exorbitant amounts of money to update a brownstone).
It’s an honor to be insulted by you, DIBS. A strong case against me would have made me look much worse. Victory!
***Bid half off peak comps***
11217 – encouraging because the final prices are significant below asking, especially 10th Street and Cobble Hill. And even 9th Street in PS sold well in the boom. DIBS, the stock market is strengthening, the economy less so, and many economist remain worried about the sustainability of the “green shoots” resulting from massive gov’t intervention, low interest rates, etc.
4Q GDP will be +4.5% or better.
“Does the fact that the economy has strengthened at all play into your analysis?”
Flawed question. It’s not a fact. Only P/E ratios have strengthened.
***Bid half off peak comps***
Posted by: Brownstones Half Off at January 12, 2010 2:51 PM
Apparently you don’t know the difference between the economy and the stock market. P/E ratios have nothing to do with the economy, numbnuts.
It is a fact that GDP has risen. Christ, what planet do you live on.
Dave,
BHO seems to have a MAJOR problem on the reading comprehension.
First he says crime in ENY is spiking, I show him that CRIME is actually down and the lowest it’s been in decades in ENY and then he pulls up the increased murder numbers. Yes, murders are up in ENY, but crime (his original point) is DOWN!
And this 10 times rent number is nothing I’ve heard before in reference to NYC…always been closer to 15 times annual rent.
It’s kinda sad how he thinks people value his opinion after all the mindless rants and reading comprehension failures.
“Does the fact that the economy has strengthened at all play into your analysis?”
Flawed question. It’s not a fact. Only P/E ratios have strengthened.
***Bid half off peak comps***
“those valuations were not as ridiculously overvalued as stocks were in the dot-com bubble”
ROTFLMMFAO! Yeah, they were. Compared to past RE bubble pops, it was quite ridiculous. Illegal aliens and homeless people “qualifying” for mortgages. No, DIBS, brownstone prices have not bottomed. You will see in the coming months/year and I will remind you every chance I get.
READING COMPREHENSION, DUMBASS.
Never mind, I suspect you have no clue about dot-com valuations even though you cited them as the equivalent to the real estate market.
Just another example of your brainless analysis.