Residential Sales in Brooklyn
FORT GREENE $651,799 6 South Portland Avenue 1-bedroom, 1-bath, 900-sq.-ft. co-op in a brownstone; private deck; maintenance $895, 40% tax-deductible; listed at $635,000 (multiple bids), 3 weeks on market (broker: Aguayo & Huebener) GMAP Pretty sure this was the totally done-up apartment on the Fort Greene House Tour that we wrote about here. Not surprised…
FORT GREENE $651,799
6 South Portland Avenue
1-bedroom, 1-bath, 900-sq.-ft. co-op in a brownstone; private deck; maintenance $895, 40% tax-deductible; listed at $635,000 (multiple bids), 3 weeks on market (broker: Aguayo & Huebener) GMAP
Pretty sure this was the totally done-up apartment on the Fort Greene House Tour that we wrote about here. Not surprised there was a bidding war.
WINDSOR TERRACE $425,000
202 Seeley Street
2-bedroom, 1-bath, 1,000-sq.-ft. co-op in a postwar building; maintenance $530, 40% tax-deductible; listed at $469,000, 9 weeks on market (broker: Orrichio Anderson) GMAP
From the print edition of yesterday’s New York Times.
I am not surprised that fort greene prices are higher than park slope’s. It’s actually walking/biking distance to manhattan.
There are a number of places in Fort Greene that have sold lately in that price range. This is not a one-off sale. It’s price is higher than most floorthrus because of the outdoor space. Prime Fort Greene sales prices are actually higher than most sales in Park Slope on a price per sq. foot basis.
No bubble. Just condomania. Good property in New York is ALWAYS desirable.
Regarding the Fort Greene sale at 6 South Portland:
Brownstoner article referenced in the post is here:
http://brownstoner.com/brownstoner/archives/2006/05/fght_soportland_1.html
Pictures of the apartment are here:
http://www.ahrlty.com/C6A-635/C6A.html
Ed, I believe B’stoner’s point was that this was a particularly nice apartment. Nice properties can always sell, even in down times. And as discussed earlier this week, right now it’s more of a standoff. Wait until the end of the summer.
But if you want some bubble evidence, check out the Windsor Terrace sale.
A bidding war? $725/sq. ft.? $900/mo. maintenance? Fort Greene?
Where’s the real estate bubble?
Link to fg apt. is wrong…