892 Bergen Street Relaunches
892 Bergen Street, the new 38-unit development in Crown Heights, was on the market for a while last year, but, according to the broker, was taken off for a while recently while some construction was finished up. The new listings (with new prices) just hit the market. The new prices are in the $500-a-square-foot range,…
892 Bergen Street, the new 38-unit development in Crown Heights, was on the market for a while last year, but, according to the broker, was taken off for a while recently while some construction was finished up. The new listings (with new prices) just hit the market. The new prices are in the $500-a-square-foot range, a bit–but not that much–lower than before. For example, Apartment 9C, a 1,095-square-foot two-bedroom, was listed last at $575,000 last fall; now it’s asking $540,000. Similarly, Apartment 5A was $470,000 and is now $440,000. Think it’ll be enough? As an extra incentive, we were told, the next three buyers who sign contracts will get a free parking space.
Development Watch: 892 Bergen Street [Brownstoner]
Development Watch: 892 Bergen Street [Brownstoner] GMAP P*Shark
Development Watch: 892 Bergen Street [Brownstoner] DOB
I honestly don’t think the neighborhood is bad. It’s near the shuttle which takes you to any train you want, basically — plus it’s walking distance to the park. Also the block has ALOT of undeveloped lots that I predict will turn into luxury high rises.
That said, charging for a parking space is a joke. I live nearby and have a car, and parking is incredibly easy in the neighborhood.
Nothing about this area says “up and coming” aside from the presence of 892 Bergen itself. The units may seem like a steal, but after visiting the neighborhood today, my dreams of buying into an iffy neighborhood for the sake of a good investment have been shattered. At least for this iffy neighborhood. It’s a very long way from being a desirable area for the types of people who are looking to buy in a building like this one. I’m sorry if I’ve offended anyone, but really, this is the most out of place development I’ve come across in my condo search. I can’t believe anyone thought this building was a good idea.
“A friend bought a 1000 sq.ft. place on the 26th floor of the Forte for $480k. That’s a comp that makes me laugh at these prices.”
Not a good comparison. I saw that same apartment in the Forte, and it is a floor plan disaster — the apartment is curved, there are two enormous pillars crowding the living room, and there is definitely some “shady math” going on with the bedrooms.. e.g. if one side of the bedroom goes from 12 feet long to 8 feet long, and the other goes from 15 feet to 10, it would be a 12×15 bedroom according to them.
That said, $700 cc for this neighborhood is ridiculous. That would much the monthly cost to the point that you’re probably better off buying at one of the new developments off of 4th avenue in PS.
I went to the previous open house and reviewed the offering plan, originally they were asking an additional $25,000.00 for the parking spaces, which one could also sublet for additional income, which makes a free parking space a pretty sweet perk in addition to the newly discounted asking prices that one could negotiate down from.
I didn’t see a Rehab Center but if one does exist nearby it doesn’t worry me as those who frequent one are trying to change their lives for the better and have already reached their personal rock bottom. I have lived two blocks from the Brooklyn House of Detention off Smith Street for the past twelve years and haven’t seen its presence have a negative effect on real-estate development or community safety. 892 Bergen is two blocks from the Park Place stop on the Franklin Ave. Shuttle which is an eight minute run from end to end ( four stops in total ). The Franklin shuttle is a dedicated line, it doesn’t share its’ tracks with any other train lines so major delays are virtually nonexistent. You can transfer to the A & C trains one stop away at Franklin or to the B & Q trains two stops away at Prospect Park. According to hopstop.com the building is a twenty minute walk ( 5-8 minute bike ride ) to Prospect Park, Botanical Garden, Brooklyn Museum, Public Library, Farmer’s market, Eastern Athletic Health Club & Pool, and Vanderbilts or Washington Ave’s developing restaurant & bar scene. For better or worse I think Franklin Ave. has the same potential for growth that Smith Street had twelve years ago. Me like.
I maybe biased because I live a few blocks away, but the locale isn’t bad at all. You’re a little closer to the C train at Franklin, which is pretty solid during the workweek, although it gets goofy on weekends, as do most trains because of all the weekend track work. Over on Eastern Pkwy you got the 2,3,4,5, trains and the S shuttle to take you to either one if you’re not up for walking the 5-7 blocks to the trains.
Then you have an Indian restaurant, a Japanese/Thai restaurant, a bakery, coffee joint and Franklin Park and a couple of other bars and one doesn’t need to travel far from home to have a fun night out.
Free parking sweetens the deal.
i just looked on SE, there are several units priced in the low 400psf range, 2d is a 1000 square foot 2 bed for 385,000 and it’s probably on the 3rd floor since the parking is on the 1st floor. After you negotiate a bit, these aren’t that badly priced and there’s a methadone clinic a few doors down, if you need to kick your heroin habit.
Really? Hrm…
A friend bought a 1000 sq.ft. place on the 26th floor of the Forte for $480k. That’s a comp that makes me laugh at these prices.
These seem absurdly overpriced to me.