The Real DealAdam Pincus
Feb. 17, 2014
The total dollar volume of home sales recorded in Brooklyn and Queens rose in January from the same month a year ago, with a condominium in Williamsburg and a home in Whitestone topping each borough’s list of the top five sales recorded in the month.
The most expensive home sale recorded in Brooklyn last month was a penthouse in theGretsch Building at 60 Broadway in Williamsburg that sold for $4.2 million, listed by Douglas Elliman’s Pablo Cuevas and Michal Kuras. The most expensive sale in Queens was a two-story Mediterranean-style home built in 2004 at 106 Samos Lane in Whitestone, with direct access to the East River, which sold for $3.56 million. The sales information was provided by real estate tracking firm PropertyShark.
The other top sales in Brooklyn were two, new-construction townhouses by Hamlin Ventures and Time Equities at 305 State Street for $3.63 million and 305A State Street for $3.6 million, in Boerum Hill, listed by Corcoran Group’s James Cornell and Leslie Marshall. The fourth most expensive sale in the borough was a 1,960-square-foot, two-story home at 1940 East 4th Street in Gravesend.
The fifth most expensive sale was an apartment at J Condo at 100 Jay Street in Dumbo, co-listed by Sabrina Seidner of Nest Seekers International and Rebecca Tzen of NYC Value Realty, which sold for $2.7 million.
In Queens, the second most expensive sale was 24 Knollwood Avenue in Douglaston, which sold for $2.6 million. The next most expensive sales were 135 Beach 142nd Street for $2.5 million, a one-and-a-half-story home on the beach that was badly damaged during Hurricane Sandy, and listed by Lisa Jackson of Rockaway Properties; and the two-story, 3,600-square-foot home at 215-46 28th Avenue, Bayside, which sold for $2.2 million.
The Bayside home was the location of two alleged murders. In December 2012, Gregory Cucchiara was charged with killing his mother in 2011 and his father just over a year later.
The fifth most expensive sale in Queens was 74 Greenway Terrace in Forest Hills, for $2.1 million, brokered by Susanna Hof of Terrace Sotheby’s International Realty.
For Brooklyn overall last month, buyers paid a total of $358 million through 519 purchases of one- and two-family houses, as well as residential cooperatives and condos, exclusive data from PropertyShark reveals. That total dollar volume was up a slight 0.3 percent from January 2012, while the number of properties sold fell by 12 percent.
Queens saw a similar but more pronounced pattern, as buyers paid a total of $362 million in 705 transactions. The total dollar volume was up 7.8 percent, but the number of homes that sold fell by nearly 19 percent, the PropertyShark data show.
For Brooklyn over the past 12 months, the total volume of recorded sales fell by 4 percent to $4.3 billion, compared with the prior 12 month period, while the total number of transactions fell by 14 percent to 6,783, an analysis of the data shows.
Over the past 12 months in Queens, total dollar volume rose by 8 percent to $4.1 billion, compared to the prior 12 month period, although the number of homes purchased fell by 12 percent, to 9,106 properties.
Licensed Associate Broker