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May 22, 2007

Condo of the Day: Price Cut at 171 Greene Ave

171greeneA.jpg171greeneB.jpg171greeneC.jpg
The only surprising things about the price cut this weekend at 171 Greene Avenue in Clinton Hill are that it took this long and the reduction was only 5 percent-ish. When we first discussed this floor-thru condo between Washington and St. James in Clinton Hill last August, we couldn't believe that they were asking about $1,000 a foot. Now, nine months later, they've lowered the prices: Apartment 2 has gone from $745,000 to $707,750 and Apartment 1 is down to $736,000 from $775,000. We think that Apartment 2 is still a stretch but that there might be some interesting in the larger, ground-floor unit with a (rather small) yard. We'll see. We did get a chuckle out of the fact that the listing uses a drawing of the facade rather than a photo of the real thing. (We've included one from our own collection.) Why do some people wait so long to bring down a price that was so obviously delusional from the start? Think of the carrying costs.
171 Greene Avenue, Apt. 1 [Prudential Douglas Elliman] GMAP P*Shark
171 Greene Avenue, Apt. 2 [Prudential Douglas Elliman]
Condo of the Day: Another Greene Ave Joke [Brownstoner]




Posted by Brownstoner at 12:23 PM | Comments (20)
Categories: Brooklyn, Clinton Hill, Condos

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Comments

We saw Apt #1 on Sept 10th '06 when it was listed for $775,000 It just wasn't big enough (929 sqft), it is on the ground floor with a bus stop right across the (busy) street so the front living area would be very noisy. My 10yo went with us that day and pointed out that there's no room for our dining room table in that apt.

Posted by: tag482 at May 22, 2007 12:55 PM

Come on this is totally cheap quality ghetto renovation job. I hope they have to drop it down to 450/sq foot before anyone touches this crap.

I'm so sick of seeing this: developers trying to make 500% profit.

I don't know how much money the people at the Grand and Gates townhouse condo thing invested, but it looked effin NICE and they got their asking price, which was actually REASONABLE, as soon as they put it on the market. Why can't developers a. Use their brains and provide a little quality, and b.Ask normal prices so they can make a normal amount of profit while actually selling their property quickl;y and not wasting precious time?

Stupidity drives me crazy.

Posted by: Anonymous at May 22, 2007 1:16 PM

love the mom[or nanny]/stroller and mini in the drawing - you get the whole brooklyn lifestyle or something, lol.

Posted by: daniel at May 22, 2007 1:17 PM

The artist's real brooklyn rendering should have keep the mini, but add a pile of broken window glass next to it. There should also sketchy guy peeing against the electric meeters while he waits for the bus, a bunch of stained newspapers blowing around, someone jogging their pitbull while riding a bike...and the stroller mom should be on a cellphone. Ahh BKLN

Posted by: Anonymous at May 22, 2007 1:25 PM

It is new construction, vintage 1990-2000.

Posted by: rf at May 22, 2007 1:29 PM

Why even make the suggestion that what looks like a black woman pushing a stroller would be a nanny? Especially since the child also looks to be of color. Does anyone mention nannies when you see pictures of white women pushing strollers? Some of them could just as easily be nannies. CH is a racially mixed neighborhood, and the potential buyers could be of any race, and could have a nanny of any race, too, if it came to that. This is just enlightened advertising.

Bringing this up may seem stupid to most, but the perception of race in relation to certain jobs should not be assumed.

Whether or not this place is worth the price is a whole other issue. Continue, please.

Posted by: Anonymous at May 22, 2007 1:49 PM

where can i find a good map that clearly marks all brooklyn hoods. I dont really know where CH begins or ends and i want to get educated.

Posted by: Anonymous at May 22, 2007 1:58 PM

Umm. Broken glass? Peeing on electric meters? This is actually a very nice block, and as someone pointed out, this is relatively new construction done attractively. I find it interesting that this is another example of new construction townhouses being condoized by current owners (other example would be the neo-carriage house on Waverly discussed a few months back). Seems to me such a small condo would have all the drawbacks of apartment and house living with few of the benefits. But I guess in a world where prices are so high that a rental unit doesn't pay for itself it si the only way to go.

Posted by: putnam-denizen at May 22, 2007 2:03 PM

Wow those are awful apartments. The renovation is terrible!! Those prices really do seem to be completely delusional.

Posted by: Anonymous at May 22, 2007 2:24 PM

1:49 pm -- I think the suggestion that it's a nanny wasn't meant as a RACIST comment, and I think you're the one jumping to conclusions and being prejudiced.

People should be able to make a comment like "mom/nanny" without immediately being smeared as a racist -- regardless of what friggin crayola crayon they decided to draw the figure in.

Jesus H. Christ. In any instance of a stroller pusher in NYC, there's about a 50% chance that she is NOT the mom.

I think the poster was probably referring to the type of buyer this imagery is targeting, which is the yuppie who may or may not choose to give their child over to a stranger to raise while they continue to do their career thing (yes, I have an opinion on that).

Posted by: Anonymous at May 22, 2007 2:59 PM

2:03- I love Brooklyn and I live here, and my family is from here. I think that it's a perfectly nice block. Broken Glass and Street Peeing happen on only the nicest NYC blocks. The bad blocks have much worse. I have seen all the things listed in the post above on the street and block in question. I've also seen this on Columbia Heights, on PPW, etc... and yet, all while nicely dressed child caregivers (mommies or otherwise) stroll by blithely on cell phones. That's Brooklyn. I live on a very nice landmarked north slope block, and all the same happens too. It's a dirty place, and we don't see it because we're too used to it.

Posted by: Anonymous at May 22, 2007 3:16 PM

the building was sold to its current owner for a little more than $1.4M. after a competent but uninspiring 14 month rennovation they were put on the market for more than $2.5M combined. i had thought that buying it for $1.4M was insane.

after a first round of unsuccessful open houses last fall they seem to be back showing them on the weekends. i know they're more low-key about it this time around because last fall the condos were broken into and the fridges were stolen. the broken ice-maker water lines caused flooding and they had to fix wallboard/paint etc...

ironically, the times had an article about theives scoping out open houses a week or two later.

Posted by: benno at May 22, 2007 3:21 PM

How can you all be so ignorant as to assume that the picture depicts a woman pushing a stroller. That's so backwards and gender/role bashing. There are plenty of men who push strollers and have that body shape and wear short pants. Also, how can you imply that it's a child in the stroller. Bigots. That could just as easily be a little dog. You people need to wake up and recognize that Brooklyn has little dogs that people push around in carts. And sometimes those little dogs eat birthday cake and wear outfits. This is 2007 in Brooklyn. Not 1952 in Arkansas.

Also- This house is overpriced. And it's almost purple. That's the worst part- purple house with green windows. Oh man.

Posted by: Anonymous at May 22, 2007 3:25 PM

Can I still say LOL or is that not hip anymore.

Posted by: Anonymous at May 22, 2007 3:57 PM

Here, here 3:25. And why are people so ignorant as to assume it's a stroller in the first place? Perhaps it's simply a Hoover with a child-shaped external vacuum bag that is being used to clean up the Broken Glass. Regarding the house colors; I agree. Who wants to live in a place that looks like a rectangular Barney with windows?

Posted by: Anonymous at May 22, 2007 3:58 PM

So happy that people are smiling on this site again. It's been so mean for so long.

Posted by: 3:25 at May 22, 2007 4:04 PM

3:58 said:

Is that true 4:04? I moved to Brooklyn from Manhattan exactly 2 months ago today and didn't realize I was supposed to bring the attitude with me. I'll have to quit the attempts at humor to fit in. :-)

But in truth, I've found the people here very nice and haven't looked back at all. I♥BK

Posted by: Anonymous at May 22, 2007 4:16 PM

ok 3:58, so why would you just assume it's a vacuum cleaner, b/c there is a black person pushing it? are all black people maids and janitors? oh, and now the house is "purple"? what's next, you're going to say it looks like an eggplant? unbelievable.

Posted by: Anonymous at May 22, 2007 5:29 PM

The funny thing about these condos is that when i was 15 years old in 1992 my friends mother bought one of those houses for about 225K, at the time they were affordable housing. I overheard her mother telling someone that these houses will be worth something one day and i laugh. She might have been a prophet!!

Posted by: anon at May 22, 2007 6:48 PM

With all due respect to your friend's mother, I think anything bought in 1992 has increased in value, many many times over. In other words, everyone who bought back then was a prophet.

Posted by: Anonymous at May 23, 2007 3:04 PM

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