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1. BROOKLYN HEIGHTS $3,895,000
80 State Street GMAP (left)
This 4,550-sf, 2-family was first listed for $4,950,000 in late 2008, according to StreetEasy, and the price was cut a number of times until it was asking $3,895,000 last September. Ad said: “Rare opportunity to own a 25-foot-wide Gothic Revival 1850’s Brooklyn Heights townhouse with original details intact. Grand double parlor with exquisite moldings and original pocket doors, three wood-burning fireplaces, and rooms flooded with superb Southern-facing light…” Its seller bought it for $3,300,000 in 2005. Entered into contract on 10/1/09; closed on 1/5/10; deed recorded on 1/27/10.

2. COBBLE HILL $3,200,000
243 Kane Street GMAP (right)
As covered last week, this renovated townhouse was originally asking $2,950,000 in ’07, but the price was raised to $4,075,000 in mid-’08. As it lingered on the market, the price was reduced several times until it was last asking $3,500,000 as of mid-’09. Its seller bought it for $1,802,000 in 2007. Entered into contract on 1/15/10; closed on 1/15/10; deed recorded on 1/28/10.

3. BROOKLYN HEIGHTS $2,995,000
20 Grace Court Alley GMAP
As previously noted this 2,550-square-foot brick house was originally asking $3,300,000 and the widget appraisal came in at $2,766,135. Its sellers bought it for $2,675,000 in ’05. Entered into contract on 11/17/09; closed on 1/15/10; deed recorded on 1/28/10.

4. PARK SLOPE $2,125,000
524 2nd Street GMAP
When this 2-family was a House of the Day in October, it was listed for $2,375,000. The reader widget guess on it was $1,952,045. Entered into contract on 11/5/09; closed on 1/11/10; deed recorded on 1/26/10.

5. FORT GREENE $1,870,000
119 Fort Greene Place GMAP
When this brownstone was a House of the Day in November, it was listed for $1,995,000. The reader widget appraisal clocked in at $1,615,042. Entered into contract on 11/25/09; closed on 1/7/10; deed recorded on 1/27/10.

Photos from PropShark.


What's Your Take? Leave a Comment

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  1. M4l – did you check out the 2 houses going for under $950K
    the one on Bergen in btween CArlton and Vanderbilt and the other house on Prospect Avenue btween 4th and 5th avenues?

    Brooklyn Properties has them

  2. “this is a CYCLE. Things went down…they are flattening, and yes…at some point they will go back up again. Despite the rants by BHO.”

    Well not necessarily – they could stay flat for years, they could flatten and then start to fall again, they could go up a bit and then drop precipitously again. This “whole thing” hasnt played out yet – and I am not presumptuous enough to predict exactly which way it will go over the short term; but I am confidant enough to say this – there is no rush….18mo from now I am willing to bet you that NO ONE will be saying “you should have bought in early ’09 – you missed your chance”

  3. Widget only varies moderately within a range. Two above show the widget slightly less than 10% off, another, slightly more. Sale price rarely less than 8% above widget and rarely more than 20% above.

    ** bid widget x 1.15 **

  4. Antidope:

    Do you know what 607 2nd sold for?

    It went to contract in less than 2 months and had no price chops, so it will be interesting to see how close to 2.8 million it got…

  5. I didn’t mean it like that, Denton. I just don’t think it’s fair to jump on Mr. B (or anyone) for saying this is encouraging. Yeah, sure it’s encouraging for homeowners, but it should also be encouraging for the chance that strong home prices signal some stability and health in our overall economy.

    We just went through a couple years of it being “encouraging” for home BUYERS and renters for that matter. I just think everyone needs to remember that this is a CYCLE. Things went down…they are flattening, and yes…at some point they will go back up again. Despite the rants by BHO.

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