Last Week's Biggest Sales in Brooklyn
Here are the top five residential sales recorded in city records for Brooklyn last week. Several House of the Day alums made the list, and the Bay Ridge house was (somewhat surprisingly) the only big-ticket non-brownstone Brooklyn sale: 1. COBBLE HILL $2,563,000 21 Tompkins Place GMAP 3,375-sf landmark building; deal recorded on 1/23. 2. PARK…
Here are the top five residential sales recorded in city records for Brooklyn last week. Several House of the Day alums made the list, and the Bay Ridge house was (somewhat surprisingly) the only big-ticket non-brownstone Brooklyn sale:
1. COBBLE HILL $2,563,000
21 Tompkins Place GMAP
3,375-sf landmark building; deal recorded on 1/23.
2. PARK SLOPE $2,352,000
207 Berkeley Place GMAP
Former HOTD; 4-story, 2-family house; deal recorded on 1/22.
3. BAY RIDGE $2,250,000
8375 Shore Road GMAP
2,460-sf townhouse built circa 1920; deal recorded on 1/24.
4. COBBLE HILL $2,200,000
44 Strong Place GMAP
Former HOTD; 4,000-sf, 22-foot wide brownstone; deal recorded on 1/22.
5. PROSPECT HEIGHTS $2,200,000
202 Prospect Place GMAP
Former HOTD; 4-story, 2-family brownstone listed at $2,495,000; deal recorded on 1/22.
Photo of 22 Tompkins Place by Kate Leonova for Property Shark.
Oh yeah–I totally forgot about 52 Berkeley. It’s been on the market so long that I don’t even register it anymore. I guess they’re not really interested in selling. That price is nuts for what it is.
207 Berkeley didn’t sell in 3 weeks, though. When I saw it at the end of September, there was no sign outside anymore, but it was still on the market. I followed the listing and it was later re-listed in the NYT at 2.575 and soon after that the listing disappeared. I know the owners were motivated, but it didn’t sell in 3 weeks. And it did need a ton of work.
I wasn’t justifying those high prices, 12:32, just merely commenting that if a house is on the market for a year with little to no price cuts (finally we now see one at 52 Berkeley) they probably are in an ok enough financial position to sit on it, if they choose. I’m not saying that it’s smart, but if they REALLY wanted or needed to sell, they probably could cut the price to 2 million and sell it in a day.
And I’m guessing they’d still make a hefty profit.
Nothing shady about the Bay Ridge property. Go to the location and do a 360. Mansion with lots of property on a hillside overlooking the Narrows and acres and acres of parkland.
How is it in anyone’s best interest to have that unsalvagable mess at 52 berkeley sit on the market for a year? They just finally lowered the price from 2.8 to 2.4. It;s still too high. It doesn’t come close to having the original detail of those up closer to the park and it never did. Sitting and waiting can indicate stubborn refusal to face reality as much as it indicates a lack of need for fast cash.
I also so the one at 207 and it is going to cost the buyers every cent of that discount to get that place back in shape. It had amazing detail left including those cool round radiators. However, the glass was literally falling out of the front windows. Everything needed real time-, skill-, and cost-intensive restoration, not just a cosmetic cleaning.
Also, 11:40…you have to keep in mind that some people are more able to wait things out for the right buyer and be more apt to get a higher price, if they don’t really NEED to sell, like a lot of these people.
I say that because 207 Berkeley sold very quickly because the guy died and the wife wanted to get the place sold as quickly as possible. The sign was up for less than 3 weeks.
So yes, it sold for less than the other fixers, but they were also HIGHLY motivated.
Not everyone needs to sell fast and they can hold out for the right buyer, if they feel that is in their best interest.
I think the Berkeley house should be a reality check for the Park Slope fixer-uppers that are asking $2.8+ and that have been sitting for a long time without price cuts (like St. Johns Place house). It’s pretty hard to top the Berkeley location and the house had loads of nice detail, but the math wasn’t adding up at $2.7.
I agree with you 11:16. Berkeley Place is a really beautiful house…I saw it as well. That block is especially gorgeous also.
Looks as though they got a pretty good deal on the place. It needed some work, yeah, but it’s got the potential to be a real gem. Lots of original details left.
And just up the block is where that one over the summer sold for 3.4 (nearly perfectly renovated) so clearly, with some smart renovations, the new owners of this place should feel lucky.
202 Prospect Place sold for $2.1 million, not 2.2 million