Tuesday, July 24, 2012

Closings of Note: "Woulda, Coulda, Didn't"

352 4th Street was a tiny 2-Family in Park Slope that listed for $1.65M early this year.  There was an accepted offer at $1.6M, and even the listing agent walked down to $1.57M after a walk-through with a contractor.  But the buyers walked away and others swooped it up for $1.827M in April, with the closing recorded last week.

159 Underhill Avenue was a pretty standard double-duplex 2-Family in a great spot in Prospect Heights.  The list price was $1.79M, some topped-out at $1.7M, then said they didn't want to participate in a "bidding war".  We didn't understand where the bidding war was if the number hadn't even reached asking price yet.  The house closed for $1.75M this month.

91 Cambridge Place was a gorgeous look at $2M+ in Clinton Hill, and fetched it last month, closing for $2.02M.

293 Warren Street was a 16' wide Cobble Hill spot in dinky condition with a daycare in it.  They listed for $2.2M exactly a year ago and dropped to $1.8M by February.  One man's "too narrow" is another man's "$100K over asking price."  Sold for $1.9M last month.

291 Hoyt Street is another cute little 16' wide 2-Family tucked away in Boerum Hill, that had an unsuccessful stint at $1.5M in early 2011 before the market really got roaring.  When it came out in May 2012 for the same price, it didn't last 3 weeks before going in contract.  Just closed for $1.582M.

Around the corner from 291 Hoyt, 402 Degraw Street was a healthy 20' wide 2-Family with good bones, a few good details, and ripe for a little renovation to fully flesh it out.  Listed for $1.695M, fetched $1.71M.

598 Carroll Street was a nifty little 3-Family in Park Slope between 4th and 5th Avenues.  It was listed with a small broker for $1.499M and not on everyone's radar, closed for $1.3M in May.  Not bad to be neighbors with one of the best buys of all 2011 at 596 Carroll Street.  Just like the pimped-out 1377 Pacific Street gives you the blueprint for its neighbor 1379 Pacific Street, 598 Carroll can borrow a few tips from 596.

384 Vanderbilt Avenue was a fallow 4-Family in a great location.  Sold for $925K.  Was it boarded up before or after Brownstoner quoted someone saying, "That’s a ten-dollar job on a three-million-dollar brownstone" ?  This building looks like a great project for someone.

Just a block away from one of Cousin John's renovations in this neighborhood, 53 Windsor Place was a fixer-upper that didn't last a month on the market at $995K before closing for $1.035M.

Besides these, more than a handful of other closings in the $2M-$3M+ range include 280 Clinton Street, 137 Berkeley Place, 409 Pacific Street, 31 South Elliott, 60 South Elliott, and 245 Kane Street.

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