The developer of this new condo building really scored when he bought the 2,700-square-foot house that used to be sit at the corner of Caton and Bedford Avenues. He paid $575,000 in January 2005 and then proceeded to replace it with an 18,000-square-foot structure, putting his purchase price at about $32 per buildable square foot. Sweet! The Developers Group has the first six of the 15 units up for sale, all two bedrooms between 830 and 979 square feet with outdoor space for between $439,000 and $525,000. The building strikes us as a pretty good effort by the developer to deliver a solid product in an unglamorous area. Will it win any design awards? Probably not, but it’s a relatively clean, simple structure without any silly affectations or architectural blunders. These days, outside of a few of the fanciest nabes, that’s about all you can hope for in Brooklyn. The finishes look more like something that would show up in one of the many new Williamsburg buildings that The Developers Groups markets and look surprisingly fresh in an area where you’re more likely to find developers opting for whatever’s on sale at Home Depot.
Lefferts South [The Developers Group] GMAP P*Shark DOB
New Condo Development for (Not Really) PLG [Brownstoner]