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March 13, 2008
Condo of the Day: Third Cut at Greenhouse 2BR
The 10th-floor two-bedroom apartment at the Greenehouse Condos in Fort Greene has been having a tough time of it. Listed back in November at $963,000, the 1,028 square-foot pad was reduced to $936,000 in January. On March 5 it was dropped to $915,000 before another quick chop on Tuesday left the price at $899,000. While not our cup of tea, it's pretty nice as far as new condos go: decent ceiling height, killer views, great location. It's still a tough sell at that price, though, when you consider that a similarly-sized two-bedroom can be had at One Hanson for $889,000 and a much larger one is available down the road at the Forte for $836,000.
383 Carlton Avenue [Douglas Elliman] GMAP
Price Cut Timeline [StreetEasy]
Big Price Cut at the Greene House Penthouse [Brownstoner]
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Comments
basically in the shadow and well within earshot (read: noisy as hell) of a 10-year construction project. no thanks.
Posted by: Fjorder at March 13, 2008 1:02 PM
Still way overpriced.
You'd be looking at $5000 month (after tax rebate) in mortgage INTEREST and maintenance (not counting any payments on your principal). It's not worth nearly that much. It would rent for about $3000 month. Price needs to come down by 30% more.
Posted by: guest at March 13, 2008 1:26 PM
How about $369,000?
Posted by: guest at March 13, 2008 1:32 PM
Fjorder, if you mean Atlantic Yards, I really don't think it'll be audible from here. It's a quarter mile away.
Posted by: zinka at March 13, 2008 1:32 PM
The refrigerators are too small. More importantly, months ago I didn't see many lights on during the evening. Owner occupancy anyone?
Posted by: guest at March 13, 2008 1:32 PM
I agree with 1:32, the 2nd. Close to AY but not that close.
Posted by: guest at March 13, 2008 1:36 PM
Forte and One Hanson are much more convenient, and way better values. This place will go in the $800's.
Posted by: guest at March 13, 2008 1:41 PM
It doesn't look designed for owner occupancy to me. Rather, pied a terre. They certainly didn't include enough closets to live only there.
Posted by: guest at March 13, 2008 2:10 PM
1:32, 1:36...
my bad—entered in the address into GMAP, didn't follow the link.
Posted by: Fjorder at March 13, 2008 2:33 PM
Closets actually look pretty generous for as far as new construction condos go.
Still massively overpriced, mind you.
Posted by: guest at March 13, 2008 2:41 PM
Yes, mind you. Asshat.
Posted by: guest at March 13, 2008 3:52 PM
The flip side of "Forte and One Hanson are much more convenient" is that they are both on much busier streets.
Posted by: guest at March 13, 2008 4:18 PM
2:41, BS. Most new construction 2 bedroom condos I've seen in Brooklyn over the last year have at least one walk-in or very large closet.
Posted by: guest at March 13, 2008 5:29 PM
They just chopped another 14K off the price - it's now 885. I think it suffers from anonymous antiseptic new construction blues. Location is OK, would not say it's "killer".
Posted by: guest at March 13, 2008 11:29 PM
Open house at 122 Ft. Greene Place (right behind BAM) in two weeks. If you are looking for a condo with 1350 plus square feet with four exposures of light in a gut renovated and RESTORED townhouse this building is a great alternative. Details include: working fireplaces, original moldings, 1000 sq. foot roof deck, large closets, restored wide plank floors, SubZero, Ann Sacks Bathrooms. I am the developer and forgive me for the shamelessly plug but I am proud of our quality/value. It will be listed by Brooklyn Properties.
Posted by: guest at March 14, 2008 8:53 AM
8:53: Thanks for being honest about your plug and the fact that you are the developer. That's rare and refreshing.
Posted by: zinka at March 14, 2008 11:08 AM
I don't know-To be across the street from 'methadone park' would not be an easy sell.
Posted by: gwbrubaker at March 14, 2008 12:29 PM
What methadone park is that? The only clinic I know is the one over by Clinton-Washington. Pretty far from this.
Posted by: zinka at March 14, 2008 12:39 PM
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