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October 31, 2007

Condo of the Day: The Gertrude

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A most seeming-virtuous condo has hit the market in Carroll Gardens. The Gertrude, on 2nd Place between Court and Clinton, has a few 3-bedroom, 2-baths running between $899,000 and $999,000 in a converted double-wide townhouse. Awaye Realty, which is selling the units, is touting the condo’s designer kitchens, common roof deck, high ceilings, bay windows and washer/dryers. According to the brokerage’s website, the units are “enormous,” but the square footage is undisclosed, making it difficult to judge prices on a per-square-foot basis. The interior pics are looking fine if not exactly show stopping, and we wonder whether the million-dollar price ballpark is maybe aiming a bit high for what’s being delivered. Or do we protest too much?
Small Condo Conversion in Carroll Gardens [Brownstoner] GMAP
74 2nd Place Listings [Awaye Realty]

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Comments

The floorplans at the Awaye site also lack dimensions. Caveat Emptor. I bet these are small, based on the prices.

Posted by: Emigre at October 31, 2007 12:59 PM

Never trust somebody who puts a floorplan on the site but doesn't give dimensions. If the original brownstone is 20 ft. wide, however, the floor plan suggests generous estimate of the square footage as 1000 sq. ft. If wider then another 50 or so sq. ft. per foot wide. Just an estimate, of course, assuming floorplan is something like reality.

This means cost might be $900 to 1000 per sq. ft. If it were 24 feet wide (which I don't think, given the door and window spacing), would probably be $750 to 833. How's that stack up?

Posted by: guest at October 31, 2007 1:08 PM

Darn! If that were parquet flooring, could measure the interior!

Anyway, the figures I estimated above are about 750 to 900 for the $899,000 apartment.

1:08

Posted by: guest at October 31, 2007 1:13 PM

No dimensions on the floorplans, no elevator. No, thank you.

Posted by: guest at October 31, 2007 1:24 PM

The floorplans suggest a rather tight layout.
Definitely not "gigantic"

Posted by: guest at October 31, 2007 1:24 PM

PShark has the bldg at 50 x 50. According to floor plan key on floor plan pdf's it looks like the A and B line units are equal in width, 25 ft. Therefore, A line measures 25 x 50, or 1,250 sf and B line measures 25 x 50 (less common area estimated at 12%), or 1,100 sf.

If flr plan pdf's match up with detail pages then:
3A asking $989,000 = $791 psf
2B, 3B or 4B asking $899,000 = $817 psf

Floor plans without dimensions shouldn't be cause for a red flag. However, since these are condos an offering plan must have been approved and in that plan are unit sizes. Don't see why a broker wouldn't post such info.

Pricing doesn't appear to be out of line with other comparable product currently on the market. That said, I am not familiar with the attributes of this specific location.

Posted by: guest at October 31, 2007 1:37 PM

Saw these and they are very small - they've been on the market for a month or so - can't imagine they will get their asking - small apts, walkups, etc. They were beautifully renovated though.

Posted by: guest at October 31, 2007 2:20 PM

How much longer do we think the "kitchen in the living room" style in small apartments will last?
I can see future ads now:
"seperate room kitchen"

Posted by: guest at October 31, 2007 2:57 PM

I know brokers usually can't spell but I really would prefer to see "separate room kitchen" or perhaps even "stand alone kitchen"? ;-)

Posted by: guest at October 31, 2007 3:13 PM

Three bed room apartments are hard to find in that price range.

Posted by: guest at October 31, 2007 4:04 PM

Saw them about 3 weeks ago, when the prices were higher all around. The A line unit was asking over a million at the time (I think around 1.05).
The finishes were very well done, and I really liked the apartments compared to a lot of the other conversions going on in the neighborhood.
Location is pretty good, close but not too close to the train/commercial on Court St.
The developers live on the ground floor units. The other 4 apartments in the building are unconverted rentals.

Posted by: guest at October 31, 2007 4:17 PM

So this is a four unit condo inside a building with rentals? Sounds like a too-small co-op but lacking any benefits of control that a co-op gives. Meh.

Posted by: guest at October 31, 2007 5:43 PM

saw them also a month ago. I found them unimaginative. high gloss floors and the typical cherry kitchen. I remember one feeling pretty large but at the price them, or the price now, they just didn't feel worth it.

Posted by: guest at October 31, 2007 10:52 PM

I agree with 2:57-- I'm not loving the alcove kitchen in the living room bidness. Although there are not a lot of workable ways to turn a brownstone single floor into a good apartment.

Posted by: Rehab at November 1, 2007 1:35 AM

I saw these about a month ago--the conversion seemed to be well done, but lacking in excitement--lots of cherry, marble hotel style bathroom...for a floor of a brownstone, though, they did feel on the bigger than usual side.

Posted by: guest at November 1, 2007 1:03 PM

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