Residential Sales in Brooklyn
PROSPECT PARK SOUTH $1,175,000 169 Westminster Road GMAP 108-year-old, 6-bedroom wood colonial; elevator to 2nd floor, 2-room office on 3rd floor, breakfast nook, family room, hardwood floors, 4-car garage, 50-by-100-foot lot; taxes $3,679; listed at $1,250,000. Broker: Mary Kay Gallagher. Residential Sales in the Region [NY Times] House of the Day: 169 Westminster Road [Brownstoner]…
PROSPECT PARK SOUTH $1,175,000
169 Westminster Road GMAP
108-year-old, 6-bedroom wood colonial; elevator to 2nd floor, 2-room office on 3rd floor, breakfast nook, family room, hardwood floors, 4-car garage, 50-by-100-foot lot; taxes $3,679; listed at $1,250,000. Broker: Mary Kay Gallagher.
Residential Sales in the Region [NY Times]
House of the Day: 169 Westminster Road [Brownstoner]
169 Westminster Road [Mary Kay Gallagher]
FORT GREENE $955,000
21 South Portland Avenue GMAP
Two-bedroom, 1,170-square-foot co-op on the parlor floor of an Italianate brownstone. Original moldings, shutters, parquet floor and pier mirror. Listed at $948,000. Three weeks on the market. Broker: HouseByWe.
Co-op of the Day: 21 South Portland (Revisited) [Brownstoner]
Co-op of the Day: 21 South Portland Avenue [Brownstoner]
BOREUM HILL $545,000
422 Atlantic Avenue GMAP
800-square-foot 1-bedroom, 1-bath top-floor condo in a 3-unit brick building. Apartment has a wood burning fireplace, 2 skylights and a 400-square-foot private deck. Maintenance $615; 50 percent tax deductible. Listed at $595,000; on market 3 weeks. Brokers: Linda VanderWoude, Halstead Brooklyn; Warburg Realty.
DUMBO $480,000
100 Jay Street GMAP
528-square-foot alcove studio with custom kitchens in Dumbo’s tallest condo tower. Amenities include 24/7 doorman, gym, yoga room, and roof deck. Common charges $324. Listed at $480,000; on market 1 week. Brokers: Judy Ferrigno, Halstead Property; Corcoran.
Photo of 169 Westminster Road by Kate Leonova for PropertyShark
Didnt everyone rip the Dumbo studio to shreds also at some point also? Or one similar?
Looks like it sold for full asking in a week.
Yeah…the market sucks.
500K for a studio in Brooklyn. What is the world coming to!?
And to think last year, I could have gotten 600K for it. Life goes on.
11:41 – jesus, the day I hear a broker say the market isn’t strong is the day I’ll eat Barbara Corcoran’s parking garage
I have two friends who are brokers in Brooklyn. Both have said that Park Slope and Ft. Greene are very strong…still.
what’s your idea of a prime, desirable neighborhood?
isn’t that different for every person?
11:30 – Oh, I have been to brownstone open houses in the past few weeks and I can tell you UNEQUIVOCALLY that they have NOT been crowded. Park Slope and Fort Greene. Park Slope has been less crowded than Fort Greene, amazingly, but even the nicest one in Fort Greene had only about 10 sign-ins (and we arrived late in the OH).
A new development condo in Brooklyn, however, was very well-attended and did accept an offer. The price point there was less than $1M.
My thinking is that more people are hesitating to fork over $1.5M+ at $800+/sqft given the current environment.
I do talk to brokers, but prefer to see for myself for obvious reasons.
Just my two cents.
The only properties that will continue to sell during the softening of the market will be those that are in excellent shape and in desirable “prime” neighborhoods. All other properties will languish on the market.
problem is, 11:21 that it isn’t just this property. 2 weeks ago (most definitely after the credit crisis) there was a berkeley place townhouse discussed here for 3.4 million. it too sold in less than 2 weeks. same with that 3 million plus s. elliot townhouse.
the list goes on.
if you were out at open houses or talked to real estate brokers in prime brownstone brooklyn areas you would see for yourself that there has yet to be much, if any affect so far from the credit stuff. i’m sure it will happen, but go check out some open houses in park slope or ft. greene this weekend. you will see that there are A LOT of people out looking. People still need homes…
To the new owner of the 21 So. Portland coop: please ask your coop board to remove the billion+ unsightly and yellowed pigeon spikes that line every single one of your building’s ledges and cornices. It really detracts from the beauty of the building, and it’s an outdated mechanism for pigeon control. It makes the facade look old, dingy, and just plain scary, not to mention cheap. There are lots of more effective ways to deter the birds–google it or look it up in the archives on brownstoner.
#1 and #2 – Yes, they got a good price. Lots of I-told-you-sos.
It’s worth noting that this closed on 8/23/07, which almost definitely means it went into contract before the credit crunch which started in mid-July. I wouldn’t be so fast to rely on it as an indicator of the current market.