Last Week's Biggest Sales
1. PROSPECT HEIGHTS $1,900,000 1 Grand Army Plaza, #9E GMAP Earlier this month we noted the first penthouse sale at OPP, with another penthouse unit in contract. Although this particular unit isn’t a penthouse (it’s a three bedroom) it still topped out our biggest sales list! Original ask was $2.5M way back in 2006. Entered…
1. PROSPECT HEIGHTS $1,900,000
1 Grand Army Plaza, #9E GMAP
Earlier this month we noted the first penthouse sale at OPP, with another penthouse unit in contract. Although this particular unit isn’t a penthouse (it’s a three bedroom) it still topped out our biggest sales list! Original ask was $2.5M way back in 2006. Entered into contract on 2/7/10; closed on 1/25/11; deed recorded on 2/23/2011.
2. COBBLE HILL $1,750,000
101 Warren, #A2B GMAP
Looks like one of the most expensive units to come out of 101 Warren, aka the Arches at Cobble Hill, has sold. This is a 2,372-square-foot duplex condo with a patio. It went to market in October ’10 for $1,850,000… didn’t go for too much less. Entered into contract on 12/1/10; closed on 2/8/2011; deed recorded on 2/24/11.
3. CLINTON HILL $1,700,000
17 Lefferts Place GMAP
17 Lefferts Place debuted as our HOTD in September 2010. We really dug the original details left intact coupled with the redone kitchen. And while we conceded that the ask of $1,775,000 was a bit high for the location, it didn’t sell for much less than that. Entered into contract on 10/14/2010; closed on 2/1/2011; deed recorded on 2/22/11.
4. WILLIAMSBURG $1,550,000
440 Kent Avenue, #PH3B GMAP
This penthouse unit is from Williamaburg’s Schaefer Landing, which sold in 2006 and came back to the market in October 2010. The listing boasts 2,000 square feet, two bedrooms, a roof terrace and a swimming pool (!!!) on the 25th floor. Can’t beat that view. Ask was $1,650,000. Entered into contract on 12/20/2010; closed on 2/7/11; deed recorded on 2/24/11.
5. DOWNTOWN $1,405,185
150 Myrtle Avenue, #3601 GMAP
Last week belonged to condos when it came to big sales numbers. This Toren three-bed, three-bath closes out the list. Looks like the apartment is just under 2,000 square feet, but we don’t have many details beyond that. It hit the market asking $1,495,000. Entered into contract on 12/13/2010; closed on 1/31/11; deed recorded on 12/23/11.
Photos via PropertyShark.
> (11217 of COURSE it was less than 2006, so what, what isn’t)
EVERYTHING in my neighborhood is selling for about 15-20% MORE now than it did in 2006.
Lefferts Place was not an outlier if you have followed the market and know what you are comparing it to. A place on St. James (179 I think) sold about a year earlier for about 1.55 and was 1000 sq. feet smaller. On a ppsf basis, it is a good deal, and the condition and size distinguished it from other places people were comparing it to on this site. I’m not surprised at all. Quality sells. Plus, I think that corner of Clinton Hill is really on the rise in terms of good development (e.g. Fulton Street BID, new restaurants, food coop etc.).
I’m amazed at how few house listings I see in cargard, cobhill, bohill. Neighbor of mine selling and in contract very quickly .
Its March now – where are all the supposed big spring season listings?
i am not commenting on or caring about pricing but about activity and velocity and selling through the inventory this year and what will happen next year
Thanks Pete. I knew I had a point in there, somewhere. 🙂
FWIW, the warren st. arches condo sold for $1,247,356 in 2005. 6 years later $1.75m.
It may be an outlier, Maly but it also now becomes a comp.
HomesweetStuy may have had a point, but it was totally and completely wrong in this particular instance.
11217, I think HomeSweetstuy has a point (both about the bias and the high price.) There are no comps at that price, and many equally fine houses on Lefferts Pl. have gone unsold even though they were offered at $200-300,000 less. This sale is definitely an outlier for the neighborhood.
“By HomeSweetstuy on October 1, 2010 8:56 AM
Does anyone else see a bias in Brownstoner’s posts about his own neighborhood? I think that somone would have to be on drugs to pay 1.7 for this. Its a nice house but the area does not warrant that price. Clinton Hill still has a loooong way to go”