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1. CARROLL GARDENS $1,675,000
32 1st Place GMAP
This 20’x55′ 4-family brownstone hit the market in October, priced at $1,890,000. According to its listing on StreetEasy, it “needs renovation” but has a lot of original touches intact: “The garden level has original tin ceilings. The Parlor Floor has a huge front parlor and rear parlor with pocket doors, pier mirrors, marble mantels and gorgeous original detail. The third and fourth floors have tin ceilings and marble mantels. In addition there is a fifth floor, but it is not full ceiling height.” Entered into contract on 1/14/10; closed on 3/12/10; deed recorded on 3/22/10.

2. CARROLL GARDENS $1,475,000
348 Sackett Street #2 GMAP
Located in the 5-story elevator building at 348 Sackett Street, this 3-bedroom, 2-bathroom, 1,839-sf condo has white oak hardwood floors and an open kitchen, says its listing on Streeteasy. Entered into contract on 11/4/09; closed on 3/18/10; deed recorded on 3/26/10.

3. CARROLL GARDENS $1,475,000
348 Sackett Street #3 GMAP
Just like the 348 Sackett Street condo above, this one’s got 3 bedrooms, 2 bathrooms, and 1,839 sf. Entered into contract on 8/9/09; closed on 3/17/10; deed recorded on 3/26/10.

4. DUMBO $1,425,000
100 Jay Street, #23H GMAP
This 1,592-sf condo has 3 bedrooms, 2 bathrooms, and 1 half bath. According to StreetEasy, it was listed at $1,575,000 in February ’09, and in June ’09, the price decreased by 5% to $1,499,000. Entered into contract on 2/16/10; closed on 3/12/10; deed recorded on 3/23/10.

5. MANHATTAN BEACH $1,200,000
177 Kensington Street GMAP
According to PropertyShark, this 2-story, 2,378-sf, 1-family home with a garage is located on a 6,000-sf lot near Manhattan Beach Park. Entered into contract on 10/14/09; closed on 3/18/10; deed recorded on 3/25/10.

Photos from Property Shark and Development Watch.


What's Your Take? Leave a Comment

  1. “the first thing that pops to mind when I see you’re still on and posting after midnight is certainly not winner. Kinda the opposite…”

    I know, right?

    The problems I have with shorting are timing and corruption. You have to time your puts right or risk getting killed with margin calls. The corruption and manipulation in the markets (Washington/FED insiders, Enron-style balance sheet fraud, etc) makes it even harder to time. You have to be both mathematical, political and a downright gambler. It’s a casino right now.

    Your interpretations about my actions are absolutely wrong. What’s to be scared about if you predict deflation and keep most of your assets in cash? And I don’t know how long you’ve been blogging or lurking on here but my view has been quite consistent and sure whether ultimately proven wrong or not.

    Whether or not I’m smart enough to ID the right trades AT THE RIGHT TIME also remains to be seen. Maybe not. But my objective all along was to by a brownstone at a stable price, something not possible in 2004 and, in my view, not possible now (withhout a “deal” of half off peak).

    So, I will continue to express my market view and call out the nonsense whenever I see fit.

    ***Bid half off peak comps***

  2. >> “It’s after midnight – I win.”

    Though no one is ever going to “win” the argument on these boards, the first thing that pops to mind when I see you’re still on and posting after midnight is certainly not winner. Kinda the opposite…

    And you just don’t get it re: cash. Yes, holding cash will do OK if your deflationary doomsday comes. But it’s not a _commitment_ to that view: there are plenty of riskier trades you can put on that will do MUCH better than cash if you are right. But you don’t want to take those risks, ergo you are not committed.

    Your actions say you are a bit scared and unsure of your view. Nothing wrong with that at all, just don’t say one thing (that you’re soooo sure a housing collapse and return to 666 on the S&P 500 will come) but do something inconsistent with the certainty you express (hold cash).

    Of course, there is another explanation too: that you’re not smart enough to identify the risky trades that will really prosper if you turn out to be right, hence you just throw up your hands and hold cash…

  3. Jan 09 180.94
    Feb 09 177.83
    Mar 09 173.60
    Apr 09 170.67
    May 09 171.16
    Jun 09 172.36
    Jul 09 174.16
    Aug 09 175.48
    Sep 09 175.32
    Oct 09 174.89
    Nov 09 172.98
    Dec 09 171.85
    Jan 09 171.27

    in three months we will have hit your y-o-y metric.