The Roanoke building on South Oxford and Lafayette Avenue in Fort Greene has been completely renovated since the summer. Since then, the listing broker for these condominium units seems to have switched hands from Taj Property, the original broker, to an open listing, and finally seems to have landed in the hands of Corcoran. This building, according to the site, was built in 1890 and has ‘Romanesque Revival’ details. As the condos are centrally located for transportation, dining and nightlife, it’s a bit surprising that there are so many units left on the market. From the Taj website floorplans, there appear to be 20-24 units, each of varying sizes. The Corcoran site has listings for 10 of them, so it’s quite possible that there are several units in contract already. The Corcoran site promises porcelain baths, wood cabinets, stainless steel appliances, original details and beautiful light.

Originally marketed in the summer, when things were still frothy, these units were priced extremely aggressively, with one penthouse duplex unit priced close to $1MM for barely 1100 square feet. From the looks of it, Corcoran may have tempered the developers’ expectations and lowered the pricing on a lot of the units. Prices and sizes on the Corcoran listings range from a 705-square-foot 2 bedroom, 1 bath for $494,000 to a 1,075-square-foot 2 bedroom, 1 bath for $914,000 (presumably the penthouse duplex units). There are even two units available for rent for $2100 per month. Maintenance charges range from $397 to $498 per month and real estate taxes are $232 to $298 per month. The taxes make it seem like there is no tax abatement on these, which could veer buyers towards other new condos in the area with less monthly taxes.
New Condos at The Roanoke [Corcoran] GMAP

Every Thursday, ltjbukem, whose own blog Set Speed scrutinizes the progress and quality of new developments in the area we know as Brownstone Brooklyn, pens a guest post about goings-on in the condo market with an emphasis on new projects.