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March 26, 2008

Co-op of the Day: Concord Village One Bedroom

Concord-Village-Brooklyn-0308.jpg
At least this broker gets points for honesty! "APT NEEDS A GUT RENO," blares the headline for the one bedroom at Concord Village in Downtown Brooklyn. Given the condition, the asking price of $359,000 for Apartment 12H may be a little optimistic; after all, 7H sold for $340,000 in 2006 and 6K sold for $365,000 in 2007. Then again, it's only $4,000 more than the current owner paid back in 2005 and $54,000 less than this one-bedroom in the complex fetched in early 2007.
Concord Village 1 BR [Craigslist] GMAP P*Shark
Concord Village Giving Associated the Boot? [Brownstoner]
Photo by olivermj_697




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Comments

Concord Village and University Towers are good deals if you don't mind paying to live in a glorified project.

Posted by: guest at March 26, 2008 12:52 PM

they're as generic and bland as the cars parked in front of them

Posted by: guest at March 26, 2008 1:12 PM

12:52 As you appear to be intimately acquainted with projects..please explain a "glorified project"

Posted by: guest at March 26, 2008 1:18 PM

I would imagine 12:52 referring to the govt subsidized look to them--a la Robert Moses godawful 60's "project" style.

Posted by: guest at March 26, 2008 1:21 PM

mass-produced cheap utilitarian rabbit-hutch nastiness.

These ARE projects, bar the actual tenants.

Posted by: guest at March 26, 2008 1:45 PM

It might be that eastern block feel.

Posted by: guest at March 26, 2008 2:02 PM

prewar charming it ain't but the price & location might be right for the right buyer.

Posted by: guest at March 26, 2008 2:12 PM

mass-produced cheap?
I don't think any more mass-produced or cheap as any other apt building of the period and probably better built than later periods.
It is the red brick and size of the buildings that are similar to 'the projects'.
Many people want something that sez 'I have arrived' even on the outside look of their buildings.
The complex is well-kept, have doormen, some nice grounds, roof deck with great views. But is too middle-class looking for those playing the status seeking game.
(and I don't live there but know people that do and have seen several apts from inside and are quite nice).

Posted by: guest at March 26, 2008 2:18 PM

the same people who'd live in farragut if they emptied them out, cleaned them up, and made them condo.

Posted by: guest at March 26, 2008 2:31 PM

guest 2:17, you're able to send email to brownstoner directly. please do so and stop cluttering up every post with your complaint.

Posted by: guest at March 26, 2008 2:32 PM

not sure who this apartment would appeal to.

I recently saw an apt advertised on local parents listserv that was a large 2 b/2b apartment with dining area etc for 550ish. I can see how that might appeal to families iwth young kids. but what couple or single would want to live here when they could find a smallish place a lot of places for 400k

Posted by: guest at March 26, 2008 2:43 PM

Concord Village isn't fancy by any stretch but it is a nice place to live. The apartments are a nice size (given what they are calling one bedrooms these days)with a nice layout. The grounds are well kept with parking on site (not much of that in Brooklyn anymore) and they are all doormen buildings and the coop is extremely well run with a good reserve. If you want to spend $1MM on a condo in Dumbo around the corner or a $2MM on a floor thru in BH across Cadman Plaza, go right ahead. I have friends there and visit them all the time and summer on the roof deck is worth checking out.

Posted by: guest at March 26, 2008 4:08 PM

CV is a great value for your $ if you don't mind living right along the bridges a bit too noisey but it works for me. I love my place. and for the record: that broker is anything but honest. he's sort of a con artist so buyer beware.

Posted by: guest at March 26, 2008 4:38 PM

F U all! you are a bunch of envious babies and this is why: I bought my CV unit back in 2000 and paid less than 250K for a 2 / 2 unit! i have great light, great views and guess what, my commute to my Street job is only 5 min. on the A train. How about that? I have a doorman who takes my packages and opens the door for me, and I have a crew of handymen just in case I happen to take a shit that my toilet can't handle. In the summer I can hang out with my kid at the onsite playground with my lovely neighbors? is that enough? need i say more? cv is a great place.

Posted by: guest at March 26, 2008 5:34 PM

Given all the changes in the vicinity, CV co-op owners should consider selling some of the property's edges and parking lots to developers (if not in this real-estate cycle, then the next one).

Here's the potential:

-- You could live almost maintenance-charge free from the land sale.

-- Because of that, the value of your places would escalate.

-- Your buildings wouldn't look like housing projects, but part of a neighborhood's street and block pattern, further increasing your values.

Just keep the new buildings low and be conscious of "view corridors" so that you're able to look between and over them. And be sure to include retail to liven the place up.

-- U. Designer

Posted by: guest at March 26, 2008 10:09 PM

oh yes 5.34, we are envious of you living there. You've got our number, well done.

Posted by: guest at March 27, 2008 9:20 AM

This was reduced to $339K. 175 Adams St #16B same square footage & condition sold for $369K December 07, 235 Adams St # 16C smaller apt but fully renovated sold for $439K December 07 as well. Both sales are public record & can be checked.

Posted by: guest at March 27, 2008 11:35 AM

This was reduced to $339K. 175 Adams St #16B same square footage & condition sold for $369K December 07, 235 Adams St # 16C smaller apt but fully renovated sold for $439K December 07 as well. Both sales are public record & can be checked.

Posted by: guest at March 27, 2008 11:43 AM

is the board tough?

Posted by: guest at March 27, 2008 2:08 PM

I am actually considering a 1br/studio in CV. I single and in my mid 20's. Should I avoid this place? Prices can't be beat! Is it closer to CLark or Borough Hall stations (2/3)?

Posted by: guest at March 28, 2008 8:59 PM

is it safe for a solo woman to come home from the Borough Hall stop at 11 or 12 at night? seems pretty desolate...

and by the way, i don't think these are really "low income" places. they're actually really nice - the grounds especially - and although the buildings themselves aren't gorgeous, the inside and grass more than makes up for it. c'mon, find another place in the city with grass, an outdoor playground, and so on that has prettier buildings.

Posted by: guest at April 7, 2008 11:07 PM

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