This week’s condo report brings us to the Pratt University area in Clinton Hill. Located at 163 Taaffe Place between Myrtle and Willoughby, this 4 unit condo conversion marketed by Prudential Douglas Elliman is quite ambitious in its asking prices of $795,000 for units with 2 bedrooms, 2 baths and a den. Common charges are about $217 for monthly maintenance and $121 for real estate taxes. Included are maple kitchens, stainless steel appliances, marble baths and high ceilings. The listings on the site say that the apartments were “designed and built by a professional architect and entrepreneur. No expenses barred.” The apartments are 1,174 square feet.

Nearby residential developments include 970 Kent, the Chocolate Factory and the Spencer. None of the units in those buildings sold for more than $600,000, although the recently advertised penthouse units at 970 Kent are being sold for $760,000. In fact, a recent resale of a 1,000-square-foot unit at The Kent is asking only $449,000. Transportation options include making the 3 block walk to the Classon Ave G train or taking a bus down Myrtle to Metrotech. With this development lacking a lot of other amenities that are usually associated with an area in which condos are selling for $800,000, James Rigney, the Elliman broker, has his work cut out for him.
163 Taaffe Place [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.