Last Week's Biggest Sales
1. MANHATTAN BEACH $2,150,000 34 Girard Street GMAP (left) A 5,040-sf, two-family house, according to Property Shark. Entered into contract on 1/30/09; closed on 5/11/09; deed recorded on 5/20/09. 2. DUMBO $1,815,000 100 Jay Street, Unit 29A GMAP (right) A 1,711-sf, 2-bed, 2-bath unit in the J Condo, according to StreetEasy. Entered into contract on…
1. MANHATTAN BEACH $2,150,000
34 Girard Street GMAP (left)
A 5,040-sf, two-family house, according to Property Shark. Entered into contract on 1/30/09; closed on 5/11/09; deed recorded on 5/20/09.
2. DUMBO $1,815,000
100 Jay Street, Unit 29A GMAP (right)
A 1,711-sf, 2-bed, 2-bath unit in the J Condo, according to StreetEasy. Entered into contract on 3/25/09; closed on 5/8/09; deed recorded on 5/21/09.
3. CARROLL GARDENS $1,400,093
277 President Street, Unit 3A GMAP
Another big closing in this condo conversion, where one of the buyers has been blogging about their purchase. Entered into contract on 5/5/09; closed on 5/5/09; deed recorded on 5/19/09.
4. BOROUGH PARK $1,100,000
1256 44th Street GMAP
A 5,250-sf, 5-family, according to Property Shark. Entered into contract on 11/5/08; closed on 5/7/09; deed recorded on 5/20/09.
5. BENSONHURST $990,000
1633 79th Street GMAP
A 3,280-sf, 4-family, according to Property Shark. It last sold for $610,000 in 2003. Entered into contract on 1/15/09; closed on 5/8/09; deed recorded on 5/21/09.
34 Girard Street photo from Property Shark; JCondo photo by The Real Janelle.
Except prices will probably go up sooner in prime areas of New York City than they will in the whole metro area.
“Besides, NYC proper lagging NYC Metro gives me plenty of time to react when the index YOY passes back up through zero.”
Smart.
“Recess!”
Hey Retards you forgot the fucking helmets!
The What
Someday this war is gonna end…
Besides, NYC proper lagging NYC Metro gives me plenty of time to react when the index YOY passes back up through zero.
Recess!
***Bid half off peak comps***
rather buy when case shiller is up. don’t want to be faked out by a head fake
So there’s a time lag, Petebklyn. What’s a better monthly gauge than Case-Shiller? No index is perfect but the +200% common increase is “cash money”.
***Bid half off peak comps***
“I don’t see negatively here. I see information. Information is good.”
The blog speaks.
“We’re only 19 percent off peak still?”
Be easy. People are jumping out of buildings because of that number. If you think -19% hurts…
“This strongly supports my observation that subprime areas are down significantly and prime areas not.”
Prime areas not down significantly YET. Nice snap shot. Put down the camera and pick up the HD camcorder and lock it on RECORD.
“If the economy does recover in 2010, you’re screwed, BHO.”
If the economy recovers in 5 minutes I’m “screwed”. What if this? What if that? If I had to buy at -19% (or even +19%), it would be what it would be. I’ll bite the bullet as soon as NY Case-Shiller stops falling.
***Bid half off peak comps***
I think case-shiller is good gauge but I still find it difficult to believe that mid-2006 was peak price.
Maybe for general greater metro area but not NYC.
It say closer to end of 2007.
And that prices are probably down 10% on average.
“Shhhhh! Special education is in session. I’ll get with you at 3:30.”
ROTFLMMFAO!!!!!!!!!!!!!!!!!!!!!! That’s funny!!!!!!!!
The What
Someday this war is gonna end…