Priciest Brooklyn Sale of '09 is in Gravesend!
Holy moly! The sale of 2111 East 2nd Street in Gravesend for $10.26 million just hit public records, and although the price tag isn’t high enough to make it a Brooklyn record, it’s definitely the biggest sale of this year, and probably one of the top 10 or so biggest house sales in the borough…
Holy moly! The sale of 2111 East 2nd Street in Gravesend for $10.26 million just hit public records, and although the price tag isn’t high enough to make it a Brooklyn record, it’s definitely the biggest sale of this year, and probably one of the top 10 or so biggest house sales in the borough ever. (Houses in Brooklyn Heights, for example, have traded for more.) Here are the specs on 2111 East 2nd from Property Shark: It’s an 8,206-square-foot one-family house that was built in 1998. The buyer of the manse was cloaked behind an LLC.
2111 East 2nd Street Deed [ACRIS] GMAP P*Shark
Photo from Property Shark.
These comments drive me nuts.
If you truly fall in love with Brooklyn… and your children love their hometown… and their children also love their hometown… and all of a sudden Brooklyn truly becomes your hometown… when you want a bigger home, a yard, a driveway, AND to be close to your family you end up venturing further out into “undiscovered by you” areas of Brooklyn. Westchester is not an option for multi generational Brooklynites.
Same goes for multi generational Manhattanites. Nothing wrong with wanting to stay close to grandma in your hometown.
We are city folk AND we are townies…. for life.
It’s artificially inflated and that’s a fact.
Posted by: bxgrl at September 28, 2009 1:31 PM
TD- As noted above, this is most certainly the case here. The discussion regarding insular real estate practices makes all the sense in the world when discussing this home. The value/pricing is artificial, as , I am sure was the selling process. There was surely no signage, no advertising, except in a very localized yellow book type publication frequented by community members in this sub section. In addition,, the all knowing, all seeing, “community funded” security patrol there is no coincidence, it is integral to the control/grip of the enclave on the available properties.
Once you actually buy a house, the market value then becomes what the NEXT person will pay for it….not what you just paid for it.
Posted by: Brokedeveloper at September 28, 2009 1:44 PM
nope, it’s suggestive at best.
Broke, I’m not speaking in terms of market value. I’m talking about what it’s worth to the buyer. And many aspects of that value cannot be quantified in terms of money.
so – what would this have sold for at height of the market?
Is this down 10, 20 ,30%?
Once you actually buy a house, the market value then becomes what the NEXT person will pay for it….not what you just paid for it.
The house looks nice from outside and am sure plenty of deluxe on inside but (and am just throwing out a figure, I am not a insurance appraiser) 10 years old and probably can be dublicated or rebuilt for a couple million.
So what is fascinating is that it is the land/lot that is so very very expensive and nearby neighborhood is much more modest although still nice.
PS’er:
How about envy over the fact that a house like THAT could fetch $10M?? Perish the thought….
As to your question: I have an interest in Brooklyn real estate, of all types.
Benson: glad to see you’re backing down on the envy nonsense.
Here’s a dictionary definition of the word: “A feeling of discontent and ill will because of another’s advantages, possessions, etc.; resentful dislike of another who has something that one desires.”
I daresay that most readers of this blog have no desire whatsoever to live in a house like the one featured, so envy has nothing to do with it. Except in your case, perhaps, since you apparently wouldn’t buy a brownstone even if your life were at stake? (Why DO you spend so much time, then, on a website devoted to brownstone living? Just asking.)