Back in April we posted some thoughts on this townhouse development which is known as Atlantic Commons and was done by none other than Forest City Ratner a decade ago. Our take then was the same it is now: These are a decent attempt to build townhouses that respect their Fort Greene location, especially since we’re sure they were done with an eye on the bottom line. That, however, doesn’t justify pricing them on a par with brownstones that are a hundred years older and on tree-lined streets closer to the park. The fact is that this particular house, while possessing a generous yard due to its corner location, is still on Fulton Street and still only three stories. As a result, we think that $1.5 million is way too much. (These houses sold for $225,000 new back in 1994 and, according to a reader, were up to about $395,000 in 1996.) Other commenters in our original post noted the small rooms, thin walls, low ceilings and lack of stoop as negatives. We’ll be surprised if it fetches any more than about $1.1-1.2 million. Do you agree?
730 Fulton Street [NYT Listings] GMAP
Decent Townhouse Reproductions? [Brownstoner]