We just got a press release yesterday trumpeting the sales launch at a new condo development at 2223 Caton Avenue. Dubbed Lefferts South (even though it’s technically South of the Clarkson bounday of PLG), the 15-unit building will be an interesting test to see how far out the market for cookie-cutter “luxury” apartments can push. Highlyann Krasnow, the The Developers Group broker pushing this project, is not relying on current neighborhood residents alone for sales. We anticipate this project attracting everyone from single Manhattanites to families living just a neighborhood away in Park Slope. All the apartments are two-bedroom, two-bath units, ranging in size from 831 to 977 square feet and in price from $439,000 to $525,000. So far, it looks like five of the apartments have been released on the web. No takers yet. Do you think this will fly at $500 a foot? Without seeing any interior pics it’s hard to say, but, nice promotional photography aside, the building doesn’t look like anything special (especially when you check out the shot on the jump). We shall see, we shall see.
Lefferts South [The Developers Group] GMAP
New Condos in Quasi-PLG? [Across the Park]
Large Project Watch, I [My Life in Brooklyn]