Last Week's Biggest Sales
1. PARK SLOPE $3,525,000 556 1st Street GMAP (left) This 5-bedroom house was listed for $3,750,000 in November, according to StreetEasy. The listing had the following to say: “Elegant mint 21’+/- Park Slope Brownstone updated with all the modern conveniences. Built in 1910 the original details have been restored to perfection. Enter up steps to…
1. PARK SLOPE $3,525,000
556 1st Street GMAP (left)
This 5-bedroom house was listed for $3,750,000 in November, according to StreetEasy. The listing had the following to say: “Elegant mint 21’+/- Park Slope Brownstone updated with all the modern conveniences. Built in 1910 the original details have been restored to perfection. Enter up steps to the open parlor through a small vestibule lined with mahogany wainscoting. There is a spacious living room with a 3 window bay in the front, a beautiful carved mahogany gas burning fireplace, and an impressive center staircase.” Entered into contract on 3/25/09; closed on 6/25/09; deed recorded on 7/17/09.
2. BAY RIDGE $2,525,000
72 80th Street GMAP (right)
This is a 3,488-sf, single-family, according to Property Shark. Entered into contract on 4/1/09; closed on 7/1/09; deed recorded on 7/17/09.
3. PARK SLOPE $2,275,000
586 4th Street GMAP
A year ago, when this was a House of the Day, it was asking $2,999,999; by the time it was an Open House Pick in January, the price was $2,599,999. Its listing said the following: “Located just one door in from Prospect Park, this gracious home was built in 1909 by the street’s builder as his own home. It’s the largest, most generously proportioned and richly detailed townhouse on the block! The current owners, only the second owners to occupy this home in 99 years, painstakingly preserved period details throughout the entire house from intricate parquet bordered floors to artisan quality plaster crown moldings. With rare 20’x55′ dimensions, this house boasts three exposures and a large south-facing garden.” Entered into contract on 4/22/09; closed on 6/16/09; deed recorded on 7/14/09.
4. BROOKLYN HEIGHTS $1,934,675
One Brooklyn Bridge Park/360 Furman St, Unit 1218 GMAP
Size unknown. Entered into contract on 7/30/08; closed on 7/9/09; deed recorded on 7/15/09.
5. PARK SLOPE $1,810,000
462A 8th Street GMAP
This townhouse was first listed for $2,396,000 in March, according to StreetEasy, and was last asking $2,050,000 in late April. Entered into contract on 6/18/09; closed on 6/30/09; deed recorded on 7/16/09.
Pics from Property Shark.
how did I miss all this chat about Ditmas Park?
Kens, you have to check out San Remo at the back (or in the garden) – proper comfort food and good prices (certainly compared to PdT, Farm, Picket Fences, etc).
As for why Ditmas Park is better than Park Slope? It’s where the cool chickens hang out.
We are in the greatest economic depression in years and the knuckleheads are still incredulous!
Keep on keeping on..
The What (I can’t wait to see the look on your faces)
Someday this war is gonna end…
Wow I just went back and read all the original comments on the 4th Street house and many people were saying last summer that $3million was a bargain, and yet it sold for nearly $800K less! What a difference a year makes. Mr. Joist, you may find this hard to believe, but I don’t take $1000 lightly, and I also don’t care to wait 10 years to resolve a bet, so I will pass on your challenge. Besides, if we find a habitable brownstone for $1million, that will be prize enough! We are actually willing to spend more than that, but getting more resolved by the day to not overspend, given market direction.
You will need to make some very specific definitions for this wager, because a 4 story brownstone on Berkeley Place between 7th and 8th sold for $900,000 this past year. It was the bargain of the century. I found out about it through a neighbor and since the guy had died and owned 3 brownstones on the block, the wife just wanted to get rid of them. I think one of the others sold for not too much over a million (1.2 maybe) and then the daughter kept one.
I posted it here on brownstoner, and no one seemed interested.
It is now almost totally renovated, and they got ONE HECK of a deal!
Hah! Ok, I hear you on the ‘Black Swan’ type of seller event BUT in a competitive market, buyers will compete amongst themselves to raise the price to “market” even if the seller is in desperate straits UNLESS market demand is so weak that the “market-clearing” price is under $1MM, which is still what I think will not happen in the next 10 years.
Anyway, I now have a few good reasons to make my first appearance at a Brownstoner drinks thing to make our $1k handshake wager (no lawyers needed!).
Mr Joist, $1k is not worth the hassle. $10k or more, yes (ie fees to cover escrow acct, lawyer drafting contract, independent party to validate transaction at $1M or less). if you want a friendly wager, I’m game. Join us at the next brownstoner gathering and we’ll firm up a friendly wager face – face.
the reason why the ten yrs is super key (disclosing this since we’re not wagering big $$$) is strange crap happens in life and 10 yrs is long enough time for some crap to happen whereby a seller “HAS” to sell ASAP – making it a prime situation for a scenario for someone to buy it for $1M or lower. for example, a spiteful spouse in a nasty divorce can choose to sell it way below mkt just to screw over the other spouse. crap like that doesn’t happen all the time (ie rare) but over 10 yr span, odds are decent something like that will happen.
that’s my view point on getting a ppty for cheap. not banking on overall mkt to tank but rather hoping to be lucky in running into such a seller
more4less: ok, 10 years it is … but seriously, we’re going to each give Brownstoner $1,000 and check back with him in July 2019? If he (or someone else trustworthy) agrees, I’m game. If not, it can be a “gentlemen’s agreement” … we can exchange contact info, etc.
Also, just curious, why is the 10 year period so outrageous & juicy?
Lastly, finally, some “Bear/Bull Money Where Their Mouth Is” correspondence. Where’s “Miss – I have 1 million dollars – Muffet”?
Good job Park Slope!
> what is it about Ditmas Park that you prefer to Park Slope
Biff, that’s a question that challenges my usual brevity.
Perhaps it is a topic best explored over alcohol? Let me know if you are meeting folks at Sycamore next week. I might be persuaded to break my “no meatspace” rule.
ditmassnark (at) yahoo (dot) com