On the market since September, the Firehouse Condos, located at 31 St. Felix Street between Dekalb and Fulton in Fort Greene, are worth revisiting given the recent price reductions. All three residential loft units are about 1,100 square feet and are configured into two bedroom, two bath units. The penthouse unit has a huge rooftop deck while the middle unit has a back deck. Each unit also has a wall of windows facing Saint Felix St. The units seem to be co-brokered between Elliman and Harbor View Realty. These units, when first put on the market, were priced at $1.3MM, $1.1095MM and $995K, if memory serves correctly. They sat on the market and now the prices are at a more affordable $995K, $895K and $795K.

What sets these units apart from many other new conversions are the high-quality furnishings, such as Poggenpohl kitchen, Toto toilets, Franke sinks, Bosch washer/dryer and jacuzzi tubs with round windows facing the green backyard. It’s hard to say why these have sat around for so long, especially since the nearby Greene Scene Condos have sold 2 of their 4 units at prices of $845K and $1.175K. It could be due to something in the offering plan which we’re not privy to or the fact that the block these condos are located on is pretty grim and lacks the character of nearby South Portland or South Oxford.

31 St. Felix Street [Prudential Douglas Elliman] 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.