bklyn closings this mo.: $400k 2-bds, $280k 1bd

ok, none of these deals are places where I personally would want to live. However, I know both of these properties to be utilitarian, safe, clean, decent. They are full of educated underpaid types like teachers, nurses, city workers, etc. So these could be useful comps for folks looking in Bklyn. If you can get a decent 725 sf 1-bed within half a block of prospect park for $280k, why is that guy... [more]

ok, none of these deals are places where I personally would want to live. However, I know both of these properties to be utilitarian, safe, clean, decent. They are full of educated underpaid types like teachers, nurses, city workers, etc. So these could be useful comps for folks looking in Bklyn. If you can get a decent 725 sf 1-bed within half a block of prospect park for $280k, why is that guy (I'm making this up as an example) with a 600 sf place on 12th St asking $365k for his, which has higher maintenance and still forces you to rely on the nasty F line? In Concord Village, by the Bklyn Bridge, I see 2 two-bedrooms closings last month in the $385k to $400k range: 235 Adams, 11D, which hit the market last July at $530k just closed at $400k (the old listing) https://www.streeteasy.com/nyc/sale/327810-coop-downtown-brooklyn-brooklyn (the close) http://www.streeteasy.com/nyc/closing/804901 215 Adams, 17H -- (the close, at $385k) http://www.streeteasy.com/nyc/closing/804006 and a roomy 1-bed at the Park Vanderbilt in Windsor Terrace, about half a block from Prospect Park: 651 Vanderbilt, went on the market in Oct at $320, closed this month for $280k. http://www.streeteasy.com/nyc/sale/357488-coop-651-vanderbilt-street-windsor-terrace-brooklyn [less]