beca1.JPG
The 29-unit development on Caton near the corner of Bedford in Flatbush has flown under the Brownstoner radar, but it’s now blipped up as a condo-turned-rental on StreetEasy. The site shows that the condos were briefly listed for between $297,000 and $400,000 in the fall but are now renting for $1,700 and up. The building still has banners outside of it advertising it as a condo, and on its website the official moniker continues to be “BeCa Condos.” Here’s part of the pitch on them: “Inspired by Japanese design, each unit is efficiently laid out to maximize space and features private outdoor space, fully-equipped designer kitchen, Italian-tiled bath, washer-dryer hookup, and video intercom.”
BeCa Condos [StreetEasy] GMAP
BeCa Condos [Official Site]


What's Your Take? Leave a Comment

  1. I am the Architect and can tell you Japanese means (I lived and worked there) well laid out and max use of small space. Yes, these are not huge and either is price point. Some units do have less window while others have great windows, it is a give and take of space. New census shows area is gentrifying fast. Design will never please everyone but this is a tight package that will last looking in good shape for a long time, much better than anything else built of late in Brooklyn. Developer did everything right, which is making it harder than if he cut corners. That is the sad situation with real Estate.

    No connection with the pretty new building next door, which is not wearing too well.

  2. I saw the model units during an Open House. And I was on the fence on them. I believe these would have sold if (1) they were two blocks closer to the Park or B/Q train, (2) they were offered during the days of the housing credit or (3) they hadn’t gone with the lime green to offset the rust facade.

  3. Renewed distress starts in the hood and spreads to prime. Last hired, first fired.

    “Will probably revert back to condos when the economy picks up and the gentrification wave rolls around Prospect Park.”

    Yeah, like 20 years and 3 banks/owners later. Government is about to shut down and people think the temporarily relieved housing ponzi prices will go up, up and away.

    ***Bid half off peak comps***