When we first took a look at the 5-unit condo conversion at 1296 Dean Street in Crown Heights back in January, there was a general consensus that (1) it’s a beautiful building; (2) the renovation denuded the interior of any old charm; (3) the prices (which at the time ranged from $450,000 to $550,000 for floor-throughs) were probably a little on the high side. Fast forward seven months and guess how many of the apartments have sold? Zippo. Fillmore now has the listings and cut prices so that one unit is now $425,000 and four others are $475,000. (The prices on the developer’s site have yet to be marked down.) One close watcher of the Crown Heights market told us he’s waiting until the offer hits $400,000 and then he’s pouncing.
1296 Dean Street, #4 [Fillmore] GMAP P*Shark
Condos of the Day: 1296 Dean Street [Brownstoner]