New Development: Greenwood Hill Condos

I also am puzzled about all the one-bedrooms in new developments around the South Slope area. The much-maligned 231 16th St is mostly or all one-bedrooms, despite being spacious and airy. I pity the poor singles or childless couples who move in here and don't know they are risking being mowed down by Bugaboos every time they venture out on the street (according to some, anyway).

But seriously, more and more Park Slope families are on their second kid now, and they need bigger apartments. Why are there so few three-bedrooms being developed? Let's say you had around 1200 sq feet to work with. Couldn't you get more for a three bedroom? Can anyone speak to this?

Posted by: Anonymous at January 9, 2007 1:05 PM

Agree the price is high but the R train is only a few blocks away. And this is better than being between 4/5th avenues in terms of residential blocks. And the views of statue of liberty are pretty sweet. The condos a ways down the street seemed to sell pretty easily and the ones in the converted school are reselling pretty high...so 300K might not be too bad.

I guess it depends on how swank they are on the inside. If the outside is any indication, I dont hold out much hope b/c that building is fug.

Posted by: Anonymous at January 9, 2007 1:06 PM

Don't forget the goregeous view of the electrical station at the corner. The co-ops in Sunset Park offer comparably sized apartments in pre-war buildings for about 30% less, plus there's the super-express subway from 36th St.

Posted by: Anonymous at January 9, 2007 1:36 PM

I agree, 1:23, I think all these condo developers are going after singles and couples who have been paying high rents in Manhattan or in prime Brooklyn neighborhoods. I finally figured it out when we were searching for a 3 or 4 bedroom new condo, as a house alternative, and realized they don't exist! You might maybe find a 3BR but the bedrooms are teeny and they want you to pay well over a million for it. However there are tons and tons of 1 BR condos being built. So that shows you right there who they see is the next wave of new Brooklyn homeowners.

Posted by: Anonymous at January 9, 2007 4:21 PM

There is a supermarket nearby at Eagle Provisions on 5th Ave. near I think it's 19th Street. It's actually a great mid-sized market. Plus Fresh Direct delivers. I'm not the agent for this condo btw. I actually represent a nearby project. Sales have been brisk at our site and I wish these guys well!

Posted by: Anonymous at January 9, 2007 9:18 PM

We own a 3 family brownstone in PS that is the same size (so, each floor is 1350, but each apartment is "honest" 1100 sf).
And it is 3 bedrooms, plus living room, dining room is combined with kitchen and there is a 10'X12' office or dressing room off master bedroom with an internal (lightwell) window. Each apartemnt has WD and very pretty 1 full and 1 half bath. Lots of original details but all new plumbing and upgraded electric.

We were thinking about converting... But we decided to keep it as rental for now.

So, you are saying that we will be able to get more then 750K for each unit? (it is PS and not far from the park).

Interesting...

Posted by: Anonymous at January 9, 2007 9:23 PM

I live in the hood and this location is absolutely, incomparably superior to the 4th ave @36th street location in sunset park that someone was asking about. these are at the corner of 7th avenue and 23rd street - a long way from the "noise" of 4th avenue. And i'll take a 7 or 8 minute walk to the subway anyday if it means i get to live on a beautiful, quiet block.

what an amazing corner to live on - with greenwood cemetery right there - you forget you're in nyc.

I don't know anything about the interior of these condos, so maybe they are overpriced, but i've driven by and they seem decent enough.

i bought in this neighborhood a few years ago and the changes for the better are underway much faster than i had anticipated.

Posted by: Anonymous at January 9, 2007 9:42 PM

I moved to this nabe two years ago. About two blocks away from this site. I was priced out of PS but wanted to be as close as possible. It has turned out better than expected. We have 2 cars and always find parking right in front of our house. Density is low, no people hanging out starting trouble. home depot 5 blocks, loews 12 blocks, prospect park 7 blocks. I got the whole family riding bicycles on the weekend. If you like quiet when you go home but want to be close to the action. this is the nabe.

Posted by: Anonymous at January 10, 2007 12:43 AM

kcheck -- betcha anything the 4-family you're talking about is 122 Fort Greene Place, bought by Action Real Estate LLC last spring.

Posted by: Anonymous at January 10, 2007 2:23 AM

This looks like a piece of crap, gimme a break! At least put a cornice on it. Look at The Liberty condos on 21st or 22nd those are nice!

Posted by: Anonymous at January 10, 2007 5:19 PM

Seems more people would make condos out of rental apartments in their buildings. If it's a high-end reno, and it's 3 BR, a family-sized unit, you'd get a million for it in Park Slope. Or $750-800K for South Slope or Sunset Park. Some people don't have the time or desire to do renovations on a house or brownstone themselves, nor do they want to manage a rental. They want just the one duplex unit in the building, and to be done with it.

Posted by: Anonymous at January 10, 2007 6:38 PM