« Just Sold in Brooklyn Open House Picks »
February 22, 2008
Clermont Greene Gets a Facade But Still Needs Buyers
There may not be a lot to report on the sales front at Clermont Greene, the 74-unit condo at 181 Clermont Avenue in Fort Greene, but at least the construction is continuing to chug along. The shiny facade on the Clermont side is almost complete but maybe buyers aren't imaginative enough to pull the trigger without the interiors being built out a bit: none of the nine units put on the market in early December have any takers yet, according to StreetEasy. The development is also now facing competition from the less glitzy but also more affordable Clermont Condominium project down the block. On a side note, does anyone have a good view of the interior courtyard? We'd love a photo.
174 Vanderbilt Listings [StreetEasy] GMAP
174 Vanderbilt Revealed: Clermont Greene [Brownstoner]
174 Vanderbilt: What a Difference Two Weeks Make [Brownstoner]
Development Watch: 174 Vanderbilt Plodding Along [Brownstoner]
Meltzer/Mandl Release Deets on 174 Vanderbilt [Brownstoner]
Trackback Pings
TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/3965
Comments
they will have to reduce thier prices considerably to get any of these babies moving imo
Posted by: guest at February 22, 2008 12:51 PM
According to Streeteasy, those nine units are "no longer available."
Doesn't that mean they have sold?
Posted by: guest at February 22, 2008 12:57 PM
Have you seen pricing for Clermont Condo's? You mention that they will be more affordable than Clermont Greene, but I haven't seen any pricing yet.
Posted by: guest at February 22, 2008 12:57 PM
"According to Streeteasy, those nine units are "no longer available."
Doesn't that mean they have sold?"
No
Posted by: guest at February 22, 2008 1:00 PM
this is a fairly attractive looking building, imo. however i'm concerned that 1) many brownstone brooklynites may not love it and 2) the reflected sun rays going to be something awful.
12:57 i wonder if it means they may have been pulled off the market, to temporarily reduce supply and/or raise prices on what's available.
Posted by: guest at February 22, 2008 1:01 PM
So does that mean the 61 units at Novo have not sold either?
They too are "no longer available."
Posted by: guest at February 22, 2008 1:06 PM
I'm sure the building will be perfectly nice but the units will be grossly overpriced and sit on the market for a while like every other new development that braindead brokers have a hand in pricing.
Posted by: guest at February 22, 2008 1:07 PM
"braindead brokers"
It's the buyers that are braindead and brokers know that.
Posted by: guest at February 22, 2008 1:12 PM
After asking about pricing at the Clermont Condos, I found that the prices are actually up on Corcoran's site. It fyou search for "Clermont Avenue" it will come up. They are advertising a 2bd/2bath 1205 sf for 766,000 or $635/sf.
Posted by: guest at February 22, 2008 1:25 PM
does anyone know the pricing on these?
Posted by: guest at February 22, 2008 1:27 PM
So I guess they have come down some, I recall them being around $700/sf earlier. Still too high for the area tho.
Posted by: guest at February 22, 2008 1:52 PM
Just too damn close to those PJ's.
Posted by: guest at February 22, 2008 1:56 PM
And the construction on the project is sooooo slow. It is obvious that there is a lack of interest in the units because if there was more interest the developer would have rushed this project to fulfill the orders.
Posted by: cgriggs at February 22, 2008 2:20 PM
Actually, "close to the "PJ's" is a non-factor if you understand that area or spend any time there. What will be a problem is the parking once all these developments start getting occupied.
Posted by: Jazzfred at February 22, 2008 2:21 PM
Um. It's far from the subway. End of story. I know that people just think that gentrification and new condo purchasing is done arbitrarily and without consideration, but there are actual functional limits to where people will by new expensive condos.
Dan
Posted by: guest at February 22, 2008 2:35 PM
"if there was more interest the developer would have rushed this project to fulfill the orders"
I don't think that's the issue. The condos on 4th Avenue are allegedly largely sold, but are also moving at a glacial pace.
Posted by: guest at February 22, 2008 2:38 PM
It reminds me a litle of the old Bronx State Hospital Developmental Center by Richard Meier that you could see from the Hutch.
I think it was torn dow last year.
This has that same aluminum-skin, hospital for-the-insane look.
No Thanx.
Posted by: guest at February 22, 2008 2:58 PM
They're listed as no longer available because - as 1:01pm guessed - they raised the prices. A friend made an offer at asking on two units, then before they could sign the contract, the developer raised the prices.
While I'm here:
"Too damn close to those PJ's [sic]" or "too far from the subway" are the dumbest things anyone could ever say about this development or any other development, condo, townhouse etc in Clinton Hill, Ft Greene, Park Slope, etc etc. If either of those things are such big factors in people buying, please explain to me the popularity of starchitect row on 11th Ave in West Chelsea, you moron. Or the LES or East Village, for that matter. All of those developments - and others in the aforementioned neighborhoods - are *much* closer to *much* larger projects and further from the train - you even have to walk through the projects to get to the train, which you don't have to do in the case of Clermont Greene or anywhere in Clinton Hill, Ft Greene, Park Slope, etc etc. So tired of hearing those lame, totally uninformed excuses. Stop trying to stir up bullshit neighborhood flame wars. Can we please stick to *informed* judgments on the overpricing of these units?
Posted by: MrMinerva at February 22, 2008 7:32 PM
"'Too damn close to those PJ's [sic]' or 'too far from the subway' are the dumbest things anyone could ever say about this development or any other development..."
I disagree. These factors are relevant to the prices. $350K for a 0BR, $500K for a 1BR, $700K for a 2BR, and $1M for a 3BR just don't add up for the proximity to government housing and subway. I'll say the same about WC, the LES and the EV if prices are similarly high.
I'll be a moron because you called me one, not for paying $1M for an apartment that far from the train and that close to Myrtle/Ingersoll.
Posted by: guest at February 23, 2008 9:02 AM
"Just too damn close to those PJ's."
"Um. It's far from the subway."
You people are a joke. A JOKE!
It's farther to the PJs than it is to the subway!
Get a grip people. If you want "nicey nice" move to Lake Calhoun in Minneapolis.
Posted by: LimestoneKid at February 24, 2008 10:17 AM
they are not opening up sales until the middle-end of March. None have sold yet because they are not for sale yet.
Posted by: guest at February 24, 2008 12:46 PM
Post a comment
Please be patient while your comment is published. It may take a moment.