Condo of the Day: The Heritage at Park Slope

Now with that Park Slope top 10 thing, I bet they will raise prices again.

Good to see all this stuff selling.

I actually heard The Vermeil was getting it together and started selling again.

They seem to be moving onb construction again after a few months of nothing. The cornice has been going up in recent weeks.

Posted by: guest at October 2, 2007 1:30 PM

Except this is NOT a Boylemgreen Condo - keep up the excellent research Gabby - you are quite the asset to Brownstoner

Posted by: guest at October 2, 2007 2:08 PM

Hey Gabby - just a suggestion - how about you do some research? There's this wonderful little concept called checking your facts - how about you go get up off your comfy chair and go down to the site and meet the builder rather than continuing to make incorrect statements. His name is Scott, i'm sure he'd love to speak to you.

Posted by: guest at October 2, 2007 2:19 PM

If this is true that it is indeed NOT a Boylemgreen Condo, you should update this thread.

You are doing a major dis-service to this developer by stating incorrect facts (if that's true). Not many people want to be associated with that guy, and it's your responsibilty to check these things out.

This website has a lot of influence in the Brooklyn RE Market and it would be good to make sure things are as accurate as possible.

We still love you, though Gabs.

Posted by: guest at October 2, 2007 2:33 PM

Congratulations on another well researched and thought provoking article. As was stated on several other threads this is not a Boymelgreen property in any way, shape, or form.

The property IS selling well though.

Posted by: guest at October 2, 2007 3:15 PM

Italian kitchen! Wasn't that the old tenement kitchen with the bathtub in it?

Posted by: guest at October 2, 2007 3:51 PM

$800 a sq ft on that Block! No thanks - that block is disgusting - drug dealing all day and then drunks from the bar at night.

Posted by: guest at October 2, 2007 4:00 PM

poor, 4pm.

not really cut out for brooklyn, now are you?

drug dealing all day? teeney weeney exaggeration.

maybe when you move out of mommy's house, she can hold your hand to your new place on the upper east side.

Posted by: guest at October 2, 2007 4:05 PM

Please I live less than 2 blocks away for the last 20 years (and in Brooklyn my whole life)- I have to pass by there all the time...

What do you think all those people hanging out are meteorologists taking weather readings?

I think the person who has been sheltered under mommy's skirt is you. Wake up and open your eyes.

Posted by: guest at October 2, 2007 4:24 PM

Maybe I'll head there after work today.

Was wanting to score some weed.

Posted by: guest at October 2, 2007 4:30 PM

used to live near there. block is changing.

Posted by: guest at October 2, 2007 4:42 PM

My goodness, why all the venom? If I want this kind of carping I'll go read Curbed.

Posted by: guest at October 2, 2007 7:40 PM

Actually I heard sales were not going that well at all. I was introduced to this property 5 months ago and I know they have been too hard to sell, they came off desperate and wouldn't stop calling me, really turned me off. There are plenty of options for a 2BR without paying $850 a foot in this nabe!!!

Posted by: guest at October 2, 2007 9:15 PM

yes, and those other option are novo and the crest.

it's like apples and oranges.

these are actually nice places.

i think you heard wrong about sales. i heard that they were selling briskly.

Posted by: guest at October 2, 2007 9:21 PM

The nice 2br options are in brownstones and pre-war apartments, not these new condo crapfests.

Posted by: guest at October 2, 2007 9:41 PM

I was just reading the Halstead listings, and pardon my ignorance, but what exactly is a "Virtual Doorman?"

Posted by: guest at October 3, 2007 12:34 AM

I am one of seven in contract on this 21 unit building. I've checked out the other new developements north of 9th St. and find this the best. Baseboard hot water heat, central air with condensor on the roof so its part of your maintenance, and very nice sized rooms. My unit came in at under $825 per s.f. with no value attributed to the 100 s.f. balcony facing north which has a view (at least for now) of the Manhattan skyline. The developer is the owner of Bergen Tile who has had the property over 35 years. They are doing it with the own $ , no bank loan. Prices were raised once on some units. I suspect the duplex basement units are going to be a hard sell where prices have to come down. "Virtual doorman" is simply television intercom system. I'm a happily retired camper, have no affiliation with Halstead and am looking forward to moving in!
Marion

Posted by: guest at October 3, 2007 1:42 AM

congrats on the new place, marion!

Posted by: guest at October 3, 2007 10:48 AM

congrats, marion. hope you don't have to sell soon.

Posted by: guest at October 3, 2007 11:54 AM

11:54...Yeah, with Park Slope being named one of the 10 best neighborhoods in the country, I'm sure prices will plummet.

Idiot.

Posted by: guest at October 3, 2007 12:18 PM

with that list and $5, you can get a starbucks.

Posted by: guest at October 3, 2007 12:30 PM

with your attitude, you'll get whole lot of nothing.

owait. too late.

Posted by: guest at October 3, 2007 12:41 PM

12:41.. I am also an owner at the Heritage which is the only reason I am interested in this blog. Seriously do you really not have anything better to do than to make up lies and put them on a blog about a building that you could probably never afford to live in. Park Slope is changing and sorry to say but you are getting a lot of Manhanites (like myself) who like new buildings and not falling apart old buildings. Maybe you should think about leaving..

Posted by: guest at October 3, 2007 12:54 PM

I'm curious where the lies are in 12:41's post.

He seemed to be defending the person who was making derrogatory comments about this place.

You have midread somewhere.

Posted by: guest at October 3, 2007 1:10 PM

Follow up
I won't have to sell no matter what! Being retired I am transferring equity from another apt. This will be my home, mortgage free with a monthly maintenance and taxes under $750. Bottom line try to plan for your future. I retired at 55, own my home free and clear and have no debt or worries. My kids are on their own and doing just fine. I'll be in my 80's when taxes become a burden and I suspect they'll carry me out before I move again; just want some luxury and convenience in my life in a great neighborhood. I am leaving a walk up on Lincoln Place - any one interested in a very efficient, small but legitimate, 3 bedroom on a second floor for 650k. If so write me at: marion11217@aol.com.
Good luck to all,
Marion

Posted by: guest at October 3, 2007 1:17 PM

hey marion....

i think you can get more than 650K for a small 3 bedroom on lincoln...

just fyi...i'd say at least 750K without knowing anything about it...

the 3 bedrooms at the vermeil are going for 1.5 million or something...i'm sure they are much larger, and of course new, but still...

Posted by: guest at October 3, 2007 1:25 PM

i guess the foreigners really will save us: http://dublin.craigslist.org/rfs/414109761.html

Posted by: guest at October 3, 2007 1:53 PM

Aren't they bailing out over-leveraged banks in the UK?

Posted by: guest at October 3, 2007 2:00 PM

i have to say, the vermeil does seem to have gotten its act together.

they are building again, new website, etc.

i think prices are a little lower than when they were initially marketed by brown harris stevens.

Posted by: guest at October 3, 2007 2:10 PM

The building is great, the apartment layouts and descriptions look amazing and it is currently zoned 321

- the problem I see is who wants to spend $850sq ft on something that is "changing"?

Personally for $850 a sq ft I don't want to wait for the drug dealers, Ne'er-do-wells and graffiti to leave (and such problems are still fairly prevalent on this stretch of 2nd St); For $850 a sq ft I want it to have already changed!

(and before this degenerates - this is not about getting poorer people or any racial group to leave - it is about crime, safety and filth)

Posted by: guest at October 3, 2007 2:17 PM

um, people pay 1 or 1.5 million dollars to live in bed stuy, crown heights, plg and those neighborhoods have just STARTED to change. they are still crime ridden and filthy in areas.

they aren't 2 blocks away from blue ribbon sushi. nor do they get to send their kids to one of the best schools in new york city for free.

this neighborhood has changed and is still changing, but it's far from unsafe or filthy.

these are something that in 5 years, you will reap the benefit of moving into a slighltly off the beaten path.

will be 1000-1200 psf in 5 years. guaranteed.

Posted by: guest at October 3, 2007 2:33 PM

"will be 1000-1200 psf in 5 years."

Which should work out to about $500 Canadian.

Posted by: guest at October 3, 2007 2:43 PM

People do not pay $850 a sq ft to live in Bed Stuy, CH or PLG - especially a condiminum. Also the housing in those neighborhoods are surrounded by historically protected and beautiful buildings - what is this condo surrounded by?

No one is saying that in 5yrs it won't be amazing, the issue is what it costs now (because you are buying now). This block may be "changing" but it isnt "changed" and they are pricing it as if it has already arrived. which it hasnt as evidenced by the drug dealing, graffiti, people "hanging out" and rats that I see virtually daily on my commute to and from work.

This condo may be close to Blue Ribbon but it is way closer to the 4th Ave McDonalds that is the victim of arm robberies on practically a monthly basis
(by the way I believe there was a drug related homicide at 2nd and 5th within the last yr or so - cant recall)

The issue here isn't that the place is "bad" - just that it is priced in a manner that doesnt reflect TODAY's reality.

Posted by: guest at October 3, 2007 3:01 PM

If it is selling (which it apparently is) then these ARE today's prices, 3:01.

I'm sorry that you haven't come to grips with it yet, but this is New York. Very expensive.

I sold a studio not far from here for 400K last year. These are the prices for the neighborhood.

You can continue to complain about them, but I highly doubt it will deter anyone from buying around here.

People love Park Slope. You seem to not like it so much. That's the way of the world.

If you think this is the only building in New York City trying to bank on the future gentrification of a neighborhood, you haven't really been around too much.

I'd feel tons safer buying something here than in Bushwick, Bed Stuy, Crown Heights, Clinton Hill or any number of neighborhoods that charge very high prices for very little in actual neighborhood quality.

I think this is way ahead of the curve in comparison to those places.

Posted by: guest at October 3, 2007 3:11 PM

3:01 here - I like Park Slope - its just that this stretch between 4th and 5th (barely considered Park Slope a few years ago) has alot more of the negatives found in Bushwick, Clinton Hill then Center Slope.

As for the units in contract reflecting a "new" market price - lets see - I dont consider 1/3 of the units going to contract to be the final arbiter on pricing.

Maybe if the builder gets the dealers off the stoop and cleans up some of the graffiti he'll sell the rest

Posted by: guest at October 3, 2007 4:11 PM

obviously if prices have been RAISED once already, they aren't doin too bad...

Posted by: guest at October 3, 2007 5:16 PM