Friday, September 14, 2012

Closings of Note: You Snooze, You Lose

While people were busy chasing the beauty next door on the NYTimes for over $900K, the 4-Family winner at 1379 Pacific Street in Crown Heights was swooped up for $693K last month.  $5K+ in monthly rental income, for under $700K, with no major rehab work to be done?  Yes, please!

On Platinum Member radar before it went to foreclosure auction a few months back - this vacant, boarded-up brownstone at 91 Macon Street in Bed-Stuy sold for $600K last month.  Four stories plus a cellar, on an extra-deep floorplate?  Cha-ching!  Where were you just a few months ago, people??  Now we're told they're doing work without permits behind those boards, and gearing up to sell it with its new listing for $900K.  Not a bad turn around.

Around the corner from the new stadium and on the same block as Newswalk and other successful condo projects in Crown Heights, 509 Dean Street sold for $1.5M last month.  Check the rentals, yo!

167 Lafayette Avenue is some straight-up vacant land on a corner in Fort Greene that sold for $895K, or $179/buildable square foot.

Listed for $699K, and on Platinum Member radar since last November, the huge 20' x 53' 3-Family brownstone in Bed-Stuy at 159 Monroe Street closed last month for $782K.

A year ago, we told you about the tiny SRO at 20 St. Felix Street.  Due to its small size and SRO encumbrance, we guessed it'd go for less than its $949K list price.  It closed last month for $782K.  That's right, a literal plot of dirt a few blocks away at 167 Lafayette sold for over $100K more than this house.

No comments:

Post a Comment