$1.15 mil for a Crown Heights Condo?

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The St. Johns Heights Condominiums at St. Johns and Classon have been on the market for a few months now, and business doesn’t seem to be all that bad: Six units that were priced in the $600- to $700-a-square-foot range are in contract. Now, it seems, comes the real test of how high-end product is going to fare in northern Crown Heights. Of the seven units Corcoran is currently marketing, two are in the million-dollar zone (the 1,506-sf triplex penthouse with a private roof deck and other posh amenities like a wood-burning fireplace is priced at $1.15 mil, and the 1,127-sf three-bed, two-bath duplex is asking $999,000). The building is near the subway and Corcoran’s touting its views. Still—$1 million for a Crown Heights condo in today’s market? We’ve gotta assume these babies are going to take a while to move, and that price cuts are going to be involved. Anyone more optimistic?
St. Johns Heights [Corcoran] GMAP

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