Last Week's Biggest Sales
Here are the top five residential sales lodged in city records for Brooklyn last week. The Brooklyn Heights house (which appears to be a flip, though who knows) was by far the priciest deal: 1. BROOKLYN HEIGHTS $4,400,000 152 Hicks Street GMAP (left) 4,480-sf landmark townhouse; last sold in ’06 for $3.7 mil. Deal recorded…
Here are the top five residential sales lodged in city records for Brooklyn last week. The Brooklyn Heights house (which appears to be a flip, though who knows) was by far the priciest deal:
1. BROOKLYN HEIGHTS $4,400,000
152 Hicks Street GMAP (left)
4,480-sf landmark townhouse; last sold in ’06 for $3.7 mil. Deal recorded on 2/1.
2. CARROLL GARDENS $2,094,000
136 Summit Street GMAP (right)
3,312-sf 4-story brownstone. Deal recorded on 1/28.
3. PARK SLOPE $1,995,000
427 10th Street GMAP
4-story, single-family home. Deal recorded on 1/29.
4. BOERUM HILL $1,916,000
394 Pacific Street GMAP
3,200-sf house in historic district. Deal recorded on 2/1.
5. DUMBO $1,750,000
100 Jay Street GMAP
Unit in J Condo on 32nd floor. Deal recorded on 1/29.
Photos of 152 Hicks and 136 Summit from Property Shark.
“in 1988 interest rates were at 13%”
The 1980s boom happened while interest rates were at their peak; the crash happened after they began to decline.
Why does this make now different from all historical precedents?
10th Street is a nice house – impeccable renovation and true move-in condition, except oddly the central air was installed on the lower two floors only. The house went into contract at asking price after its first and only open house.
The ‘4-story’ is a bit of a stretch – the top floor is a dormer (and doesn’t stretch the full length of the house, if I’m remembering correctly) so doesn’t have the useable square footage of the lower floors.
Pacific St offer was accepted last March.
4:02:
You are an idiot. In 1988, interest rates were at 13%.
Comparing then to now shows your ignorance so clearly.
12:24 PM = f***’d buyer
I’ve always been amused by the green windows and door on the house next to 152 Hicks. What would the the black-window-frame dogmatists say about THAT one?
“When I was looking in the 1990’s, there were HUNDREDS of houses on the market at any given time.”
We’re at about the same stage as in ’88 or ’89 of that previous cycle. We’re not in the 90’s yet. Stick around my friend. The upcoming bottom will dwarf that of the 90’s. Cash-hungry owners: Don’t take your eyes off the exit. Plan your egress wisely.
i agree about the low inventory. i bought a brownstone in cobble hill in 1997. at the time, i had seen 56 houses if memory serves – only looked in carroll gardens and cobble hill.
even if every condo gets built, we will not keep up with demand.
We saw 427 and it was BEAUTIFUL!!! It was the most high-end renovation I’ve ever seen in a brownstone. Felt like a super luxe condo in terms of how it was renovated, but had the wonderful space and backyard and high cielings of a brownstone. It had a gorgeous all glass extension and really high end kitchens and thats. Oh yeah, and it has a sort of double garden b/c the garden was in an L-shape and took the back half of the neighbors lot. So it was a full garden plus half of the garden next door. All landscaped. Pretty awesome.
And that is the ONLY reason in my opinion it got such a high price. (But worth it in my opinion also).