632 President (Bklyn) -- am I reading this right?

Anything's possible, but the transfer is from one LLC to another, and the sale listing is still active on the Elliman site, so it could just be a retitling from one corporate entity to a related entity or something of that nature. Then again, I'm no ACRIS expert, so I'm not sure if such a transfer would show up as a sale or something else.

it might be one partner buying out the other? As Miette posted, with the deed going from one LLC to another, the transaction is pretty opaque.

I had thought your theory, Maly, about a partner buyout might be right. But now I see another townhouse on the same block of President, between 4th and 5th, being offering for $990k.

So maybe unrenovated townhouses on that block have now dropped below a million.

http://streeteasy.com/nyc/sale/473544-multi-623-president-st-brooklyn

623 President is half the size as the first house you posted and a "handyman's special." The first one is a fully renovated four family. So it would be surprising if they were priced similarly.