Recently Sold in Brooklyn
SUNSET PARK $950,000 555 48th Street Three-story, two-family brownstone built in 1901. Three-bedroom owner’s duplex and a two-bedroom top floor rental. Parlor floor has 12-ft ceilings and original details, including an exquisite 8 ft. oak pier mirror and oak fireplace mantel with tile surrounds. One week on market. Broker: Mayra Ortiz, The Corcoran Group. 555…
SUNSET PARK $950,000
555 48th Street
Three-story, two-family brownstone built in 1901. Three-bedroom owner’s duplex and a two-bedroom top floor rental. Parlor floor has 12-ft ceilings and original details, including an exquisite 8 ft. oak pier mirror and oak fireplace mantel with tile surrounds. One week on market. Broker: Mayra Ortiz, The Corcoran Group.
555 48th Street [Corcoran]
BROOKLYN HEIGHTS $314,000
160 Columbia Heights
500-sq.-ft. studio co-op in a prewar Srt Deco building; 24-hr. doormen; renovated kitchen and bath, high ceilings, hardwood floors, Manhattan skyline view; maintenance $585, 50% tax deductible; listed at $329,000, 1 week on market. Broker: Brooklyn Heights Real Estate.
PROSPECT HEIGHTS $385,000
365 St. John’s Place
2-bedroom, 1-bath, 700-sq.-ft. co-op in a prewar building; renovated eat-in kitchen, high ceilings, hardwood floors, 2 exposures, Manhattan skyline view; maintenance $430, 48% tax-deductible; listed at $399,000, 15 weeks on market. Broker: Coldwell Banker Hunt Kennedy & Garfield.
First item submitted by broker; second and third items from the print edition of Thursday’s New York Times.
That Sunset Park is gorgeous.
by definition if you are buying a $2mm home you are rich don’t kid yourself. also, if you are buying a $2mm home while sending our child to PS anything, I have to question your priorities…
I used to live on 15th Street, a half block from the F train stop at Prospect Park. Before that I lived closer to the 7th Ave stop in Park Slope. I moved to Sunset Park and reduced my commute to midtown by ten minutes. I don’t miss the F train!!!!
“Why are people who want to sell $2MM houses in Brooklyn talking about the good public schools?”
Because they appreciate the diversity that is not present at a place where the vast majority of the student body is rich. And because there are more Intel science winners.
Why are people who want to sell $2MM houses in Brooklyn talking about the good public schools? There is a huge disconnect because many of these people that own these old brownstones that they want to sell for upwards of $2MM are at a very different economic level as the folks they are trying to sell to. Why would you buy a house foe $2MM and then send your kids to public school? If you can afford the $2MM you can afford the St. Ann’s or Packer tuition.
We live two blocks over from the Sunset Park, 48th St house. 48th st is a very pretty tree lined block. Anyway, I too am surprised to hear that this house sold for 950 but not real surprised since I’ve been watching prices climb for some time now. This area has some of the most beautiful original brownstones around. I would rather live here than South Slope for that reason. I’m still waiting for people to make the leap over the cemetery and notice the beautiful housing stock of Sunset Park. . Sunset Park is changing, it’s slow but I see much more improvement every year. Many young couples & artists have been moving in, making this not just an immigrant neighborhood. You can see our house on the “My Brownstone’ section of this site if you’re interested. When prices do come down I hope some of you will consider this area and bring some trendy restaurants with you!
950 is well within the range for brownstones in Sunset Park. The poster who says otherwise is sadly out of date on prices in that neighborhood. This is by no means a high price for the neighborhood.
Of course you can argue about the price of a house that’s been sold. Isn’t that the point?
While at least two people – the buyer and the seller – agreed that this house was “worth” $1 million, I dont know. Is approx $370/ sq ft out of line for the neighborhood? Whats the going rate for Park Slope or Bay Ridge.
Regardless of the per sq ft price, the buyer seemed to be paying a lot for a house in a neighborhood with few amenities. Sunset Park has a long way to go to compete with Park Slope or Bay Ridge, despite the mutiple ethnic food choices.
you can’t argue over the price of a house that has already s.o.l.d.
The buyer and seller agreed on a price; the house most likely appraised for that amount and, if the current owner took out a mortgage, the bank/lender provided the mortgage based on that value.
You can’t argue with a currently established value. A more sensible discussion would be whether or not the house will maintain its current value in the near future.
I’m not happy with the prices either. I’ve given up the idea of owning a brownstone (anywhere in brooklyn, queens or the bronx) as a pipe dream. I have adjusted my expectations and I’m willing to consider living in an apartment. If I want a house in nyc, I’m going to either have to win the lotto, marry for money :], or get a higher paying job.