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.
looking at layout, size, condition(renovated) of Wyckoff st., I guesstimate could have gone for $1.8 2 years ago.
I don’t get Dumbo.
Antidope- did 295 Pacific sell?
Mansion tax = 1%. Not clear that they lost money. Maybe a wash.
i think the j condo is performing strongly. kudos to dumbo and even hudson companies (third/bond) for putting up a product that is passing the test of time. it is a relatively new condo and it is overperforming the condo market, without a doubt.
otoh, keep in mind that those sales price you’re comping to were new condo sales and many were contracted a year and more ahead of the actual closing date, meaning the price is probably more indicative of 12 months prior in the cycle if you want to compare to seasoned/previously owned condos.
BHO,
Your comments have gone from someone seemingly bitter 9perhaps rightfully so) that he couldn’t afford a home of his choosing and discussing the fall of the market to a lot of nonsense and drivel these days.
You provide NO facts, NO examples, NO specifics, but you do seem to provide a lot of ridiculous little quips that make you sound like your search for the perfect home has caused you to go a little loony tunes.
You are completely unable to see facts for what they are. Even if they are small ones, like the biggest sales list.
I get that the J condo owner may have lost money, but it still sold for MORE than in 2008. They’ve only owned the place for less than 2 years and sold for more, not less.
All the fees, etc. don’t factor into the discussion when I’m saying that housing prices have crashed and this place sold for more.
Haven’t you heard stories about people buying homes in Phoenix, Miami and Las Vegas for 400K in 2006 and resold in 2009 for 175K?
I have. Lots of them.
“why should anyone lift a finger”
Exactly. It’d be like lifting the curtain.
***Bid half off peak comps***
Regarding J condo: The place needed to sell at $2,159,000 for the sellers to break even.
The original closing costs were at minimum 120K (1% mansion tax and transfer taxes).
It took about $140K to sell the place (figure $100K commission @5% and $40K in various taxes and expenses).
These guys actually lost about 150K on this deal.