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.
true story:
the owner of the bay ridge house owns an extermination company and got the architectural inspiration from this:
http://tinyurl.com/nvvq28
11217 – trust me, I know there are lot more important problems in the world – I deal with them in my work. Doesn’t mean I don’t think a lot about a home for my family. And the craziness of NYC prices (implied by your post) is right on – even with a big crash of prices, let’s say 50% (not saying I’m sure that will happen), they will indeed *still* be very high. OK, lunch break is over – back to work.
You need to get a grip MM and realize that there are way more important problems in the world than being able to differentiate between being able to afford a 2.4 or 1.8 million dollar home.
We are all WELL AWARE that you aren’t sick of talking about it. Trust me.
Hey Biff, did you see my comments on the old HOTD:
“I’m guessing it goes for 2.6. Less if it needs mechanical updates.”
and
“The last few ‘biggest sales’ in the Slope listed on this blog all went for below ask. Why should this one fare any better?”
Hurray for me.
But dirty hipster, a 4-story gorgeous PS brownstone among the Biggest sales this week is NOT 2mi+ as you say “they always are”. The fact that that house sold for 1.8, and NOT 2.4 *is* very significant. As someone actively in the market to buy a house, I’m not sick of talking about prices at all, since they are very dynamic right now – dynamically heading down. That means a lot to me (and other buyers) since it has a huge impact on what we can buy, and how much income pressure we have to pay our mortgage.
Wow, take a gander at a couple other comments from the HOTD listing:
“This is a clear winner. I can’t imagine them having any problem getting their price.”
Posted by: cgguy at July 21, 2008 1:56 PM
“I’ll predict it will go for over, as a bidding war will ensue. But what do I know?”
Posted by: new2hood at July 21, 2008 2:52 PM
“Gosh I hadn’t realized until now how sick I am of talking about home prices. Who cares anymore really unless you’re buying or selling?!?”
Yeah 11217 – no kidding. The biggest sales are always 2 mil+ and the bulls always say “look, 2 million – the market is still strong”
and the bears always say “but it was 600k under ask – the market is tanking”
then the bulls say “that was an unreasonable ask to begin with, and is not a good indicator of the market”
same old stuff – every week.
Yes, mopar – desirable neighborhoods are suffering. Take a look at the listings in these areas and you will find houses that are not budging since they are overpriced. Serious sellers need to look at the declining comps and get realistic.
Ah, I was so much younger then, mopar. Yet that was quite prescient of me, I believe.
“So desirable hoods are suffering!?”
I would have to answer that with a resounding yes.