Open House Picks 11/06/09
Boerum Hill 80 Hoyt Street FSBO Sunday 12:30-3:30 $1,495,00 was $1,780,000 GMAP P*Shark Clinton Hill 147 Vanderbilt Avenue Corcoran Saturday 12-1:30 $995,000 GMAP P*Shark West Midwood 735 Rugby Road Mary Kay Gallagher Sunday 1-2:30 $890,000 GMAP P*Shark Stuyvesant Heights 480 Macdonough Street Brown Harris Stevens Sunday 11-12:30 $649,000 GMAP P*Shark
Boerum Hill
80 Hoyt Street
FSBO
Sunday 12:30-3:30
$1,495,00 was $1,780,000
GMAP P*Shark
Clinton Hill
147 Vanderbilt Avenue
Corcoran
Saturday 12-1:30
$995,000
GMAP P*Shark
West Midwood
735 Rugby Road
Mary Kay Gallagher
Sunday 1-2:30
$890,000
GMAP P*Shark
Stuyvesant Heights
480 Macdonough Street
Brown Harris Stevens
Sunday 11-12:30
$649,000
GMAP P*Shark
I don’t know, to say asking pricing is moderating based on these picks doesn’t seem totally spot on. Take the Vanderbilt place – three floor through apartments in need of a lot of work on a small lot. It’s an investment property. The Boerum Hill house looks devoid of any details inside and is on a mixed residential/commercial block. The other houses seem in line with what has been asked in those neighborhoods. Just sayin…
asking prices seem to be moderating.
Benson/Petebkln-
For kicks I signed up for access to SE for a month. Although all the data is available at ACRIS, SE is more convenient when looking for comps in any given bldg.
To support my 20% off condo pricing thesis:
675 Sackett St: peak $655 psf (#206); latest $527 (#404)-$591 (#301) psf is 10-20% off. also #404 traded for 1.120 in September 2005 and recently sold in August for 1.025. That’s 8% off but there was a lot of missing bull run in that number.
438 12th St.: peak $850-950 psf; latest $680-760 psf is 10-20% off
330-346 2nd St: peak $833 psf; latest $648 psf is 22% off
306-314 2nd St. and 305-309 3rd St: excluding the lower duplexes, which sell for a big discount to rest of bldg (sub-grade): peak $839 psf; latest $681 psf is 18% off. As Benson’s pointed out there is another unit in contract that will define a more current comp.
If you post some other condo addresses I can check for real comps…
price does seem pretty good on Hoyt. Block tends to be pretty busy and mixed business and residential. But is in zone for pretty good elem school and the new townhouses around the corner sell for pretty big $$$.
doesn’t that boerum hill house seem like a very good price? is it because of its proximity to atlantic?
> just makes me think Grandma died there
Yes, but her memory lives forever in that pink floral bathroom.
Boerum,
Isn’t wallabout cutoff / boundary park ave (vs Myrtle)?
735 Rugby has been for sale for over 3 years
below is the Brownstoner open house link from 11/2006
http://bstoner.wpengine.com/brownstoner/archives/2006/11/open_house_pick_95.php
2006 asking price 995K
2009 asking price 890K
needs a lot of work. should be priced under 750K
>>This sampling of open houses seems to bring prices back down to a reality a little bit.
Nice to see…
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11217, agreed. It is good to see prices come down to a level that could bring some diversity in income groups into park slope and brooklyn. Good for the city.