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May 5, 2008

Condos of the Day: Price Cuts, No Love for 45 3rd Place

45-3rd-Place-0508.jpg
The developer of the 45 3rd Place (aka the Carroll Gardens atrocity) has finally cried "Uncle!" After 16 months on the market with no reduction in price, the two units in the mangled converted townhouse finally received small price reductions (around 3%) at the end of last week. (Notice how the current listings do not include a single photo of the offending addition.) We wonder whether they've fixed any of the red flags spotted by blogger Pardon Me For Asking at an open house earlier this year. What do you think these will ultimately sell for (if they ever do)?
3rd Place Condo - Lower Duplex [Brown Harris Stevens] GMAP
3rd Place Condo - Upper Duplex [Brown Harris Stevens]
45 Third Place Open House: Yuck! [Brownstoner]
Condos of the Day: No Buyers for 45 Third Place [Brownstoner]
A Current Look at Third Place Horror Show [Brownstoner]
Price for CG Atrocity a "Fantasy" [Brownstoner]
Real Photos of Carroll Gardens Bastard [Brownstoner]
Carroll Gardens "Bastardization" Hits Market [Brownstoner]
CG Atrocity: There Goes the Neighborhood [Brownstoner]
Photos by Pardon Me For Asking




Posted by Brownstoner at 12:39 PM | Comments (33)
Categories: Carroll Gardens, Condos

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Comments

they couldn't get these sold 2 yrs ago at the height of the market, you think they are going to sell now? Rentalssssss

Posted by: guest at May 5, 2008 12:47 PM

If the house was still intact, I bet you could get $2 million for it. Chopped up like this, I couldn't imagine these units going for more than $1 million per, could you? Maybe more like $750,000, $800,000? I live just down the block, and maybe a month ago saw people who might have been looking at it, Wall Street types, but they evidently didn't bite.

Posted by: cgguy at May 5, 2008 12:48 PM

It's naht a tooomah ... it's a condo.

Posted by: guest at May 5, 2008 12:49 PM

One of the advantage of buying here is that all your friends will know where you live.
You moved into the atrocity? oh sure, we know it.


Posted by: guest at May 5, 2008 12:54 PM

cgguy, what does a "Wall Street type" look like?

Posted by: Biff Champion at May 5, 2008 12:59 PM

The price is ridiculous but I don't think it's as horrible as you're making it out to be. Yeah it looks like one building is eating the other, but the interiors look nice IMO. I'd look past it if they cut the price 1/2 a mil :)

Posted by: guest at May 5, 2008 1:02 PM

Ah, the lovely Tumor Building. A friend of mine saw both units a month ago and the feedback from the broker was the owners won't respond to a lowball offer, they own the property outright and are content to have the units sit empty until they get THEIR price. I thought that was pretty nervy, what with all the negative word on the quality of the reno and the fact that they're on the market for OVER a year. I've had some dealings with the BHS listing broker and she's a straight shooter - too bad she and the neighborhood are saddled with this atrocity.

Posted by: zeebee_in_bklyn at May 5, 2008 1:05 PM

I thought I saw this listed in 4/27 NYT for sale as a regular brownstone with 2 duplexes. I wonder if they are marketing it both ways. They also took down the for sale sign in front of the building. It seems that all buyers are in agreement that this building is wrong.

Posted by: guest at May 5, 2008 1:07 PM

This is the evidence against all those who just want to compare places on the basis of price/sq ft.

Posted by: guest at May 5, 2008 1:09 PM

Yes this is an ugly addition - but before all you idiots begin gloating how bad architecture wont sell - I am sure it has much more to do with the price and quality of these apartments rather than the architecture.....
proof....
well despite all the comments regarding its horrible architecture, the glut of condos on the market, and the credit crisis, I culdnt help but notice the number of apartments in 4th Ave's "Crest" condo that were lit up and clearly occupied (not rentals) this weekend -

Posted by: guest at May 5, 2008 1:13 PM

1:02, read the blog entry at the "red flags" link above and you'll see the problems with the interior.

Posted by: z at May 5, 2008 1:18 PM

I really don't think this is SUCH an atrocity. Could be much much worse (i.e., in order to expand it they destroyed beautiful lines of original building). There is so much worse architecture out there that I can't help but feel that many of the commentators are sheep who are told that this is THE ULTIMATE ATROCITY and just go along. Brownstoner, it must be said, has very far from fabulous taste. He has decent taste, but often is taken in by random finishes and ignores HORRIBLE, cheap-ass square foot scrimping layouts. They layout of these apts are very smart - and a decent layout it not easy to come by in this borough. That being said, I think prices need to come down to about $999,999 - at least.

Posted by: guest at May 5, 2008 1:18 PM

Biff, Can I answer for cgguy what a "Wall St type" is?

Picture a white, upper middle class male, 25-35, wearing generic upper middle class clothes likely from Abercrobie and Fitch, J Crew or Banana Republic. The kind of guy who is a loud drunk, never shops locally, drives an expensive car, and moved to NYC in the last 5 years.

In other words, an asshole.

Posted by: guest at May 5, 2008 1:21 PM

1:21, I work on Wall Street and can assure you that not all of us are loud drunks (I would consider myself more of an affectionate drunk). I also try to shop locally and have lived in NYC more than 5 years, but you pretty much nailed the rest. Your response was entertaining and pretty accurate, by the way.

Posted by: Biff Champion at May 5, 2008 1:37 PM

They'll ultimately sell for $3900/month.

Posted by: guest at May 5, 2008 1:50 PM

It was something like mid-morning, and he, prob. 35-40, was wearing a suit and tie, carrying small briefcase, believe he took a car service back. I seem to recall the conservatively dressed wife went back with the broker, but am not certain. I said ``Wall Street.'' Perhaps I should just have said, ``professional.'' Most people dress casually today. Dressing in a suit and tie sort of marks certain occupations: securities firm employees (bankers, traders), lawyers, certain doctors. After that, while some people may wear suits, it isn't required.

Posted by: cgguy at May 5, 2008 2:01 PM

So essentially Biff - by the definition you agree with - your an asshole?

Posted by: guest at May 5, 2008 2:01 PM

1:18, what are you talking about? They did destroy all he beautiful lines of this building. They mangled it, chewed it and spit it out. Do you really think I am saying it is an atorcity simply because Stoner says so? No my friend. this is a bona-fida atrocity and if that fact is not obvious to you, you should please stay away from remodeling old buildings in ANY WAY.

Posted by: guest at May 5, 2008 2:06 PM

These will fetch min of 1.2 mill each i think, in one of the nicest blocks in brooklyn. I think !

Posted by: guest at May 5, 2008 2:08 PM

2:01 guest, absolutely. And it's "you're an asshole". I was waiting for that; just surprised it took that long to come (that's what she said).

cgguy, I was just busting chops - something Wall Street assholes love to do. Based on your descriptions, your instincts about him are probably right.

Posted by: Biff Champion at May 5, 2008 2:38 PM

wall street types also say things like 'that's what she said'

Posted by: guest at May 5, 2008 2:45 PM

These will sell somewhere a little lower but will sell

Posted by: guest at May 5, 2008 2:53 PM

Biff just continues to confirm what a douche he is. Things must also be so busy on "Wall Street" that he has free time to post idiotic comments on a blog. Douche.

Posted by: guest at May 5, 2008 3:01 PM

Actually 2:06 - My father was a professional renovator of old buildings - beautiful rehabilitations of old brick buildings in Manhattan. The most well known being the Piano Factory on 46th and 10th.

And no, they didn't destroy the old lines - they left them and built around them. They could have torn off the roof and just built up and out with the same brick but they chose to leave the architecture intact. I don't think it's gorgeous, but in my opinion it could be much much worse. And places like the "crest" or "novo" are a gazillion times more hideous.

Posted by: guest at May 5, 2008 3:09 PM

What the hell kind of a name is "Biff Champion" anyhow? Biff, sounds like a nickname for a six year old, followed by "Champion" which sounds like the six year is fantasizing about being a super hero. Hey everybody, I'm "Biff Champion" I'll wrap a towel behind me and pretend it's my cape.

Posted by: guest at May 5, 2008 3:17 PM

Biff sounds Like he took it in the A$$ a Lot when he was in High School. But maybe that is his thing u know

Posted by: guest at May 5, 2008 4:02 PM

This is one of the worst re-muddlings I have ever seen. it would have been more respectful to the historic building to just tear it down.

Posted by: guest at May 5, 2008 4:48 PM

" Hey everybody, I'm "Biff Champion" I'll wrap a towel behind me and pretend it's my cape."

Nope, that towel is stopping the bleeding from his ass!

Before you respond Biff, I know you are trying to be the new "The What". It takes practice being a asshole (I do that well). Plus you must have some facts behind you. So when they come true, you can say "I told you so"!

Here is another fact: There is a massive dislocation in our Credit Markets. I would like someone to post their experience with getting a mortgage now. Plenty of banks are yanking their credit lines and telling people to "go fuck themselves" when applying for a loan.

Here is some nice reading, don't take my word for it this comes from the FED!

Fed Survey Shows More U.S. Banks Tighten Loan Terms (Update1)

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5txizf_sIwE&refer=home

"Most banks increased loan rates over their cost of funds for commercial and industrial borrowing, according to the central bank's quarterly survey of senior loan officers released today in Washington. The proportion of banks raising such rates rose to a net of 70 percent compared to 45 percent in a January report."

Again "Most banks increased loan rates over their cost of funds for commercial and industrial borrowing" This says MOST BANKS have closed off the crack pipe! Yep, this going to be great!

The What

Someday this war is gonna end....

Posted by: guest at May 5, 2008 7:34 PM

Between the interested and interesting comments about the house itself, mean-spirited "guests" step up to bash Biff. The homophobia is so tired and annoying, and a noticeable number of said guests use descriptions such as "douche" and misuse words, phrases and punctuation.

Makes u look like A$$holes, u knowes?

Sign in and step up like men.

At least I'm assuming you're men. Could be wrong, but women don't tend to put so much thought and effort into jokes about ass play, little boys or unnecessary vaginal cleansing products.


Posted by: Nokilissa at May 5, 2008 7:47 PM

Noklissa You are the stupidist person on this Board you have no knowledge of Brooklyn or Nyc . Get real and go back to New Jersey.

Posted by: guest at May 5, 2008 8:45 PM

Nokilissa, BRAVA!
you hit the bull's eye: "little boys"
too many little boys posting.
They should repect Biff, after all, he is the only poster who uses his real name.


Posted by: sam at May 5, 2008 8:50 PM

Nokilissa and sam, thanks for the support! I'm feeling the love big time. You two add so much to this blog. jerri blank, daveinbedstuy and I already declared that faded type insults don't count, so I typically ignore them, unless they are just too irresistable to rebut (cue the Beavis and Butthead response to "rebut"). Words like "douche" here have become about as tired and unoriginal as "whassup" and The What's rants. As for the homophobes, no doubt these boys (yes, I'm pretty sure they are not women) are somewhat closeted themselves. For the sake of the gay community, I hope such guests stay in the closet.

It's funny how the same faded type posters who accuse some of us of hijacking threads add absolutely nothing but hatred to this blog.

Posted by: Biff Champion at May 6, 2008 9:21 AM

Perhaps these old-school Brooklyn homophobes just always show up when their neighborhood Carroll Gardens is being discussed.

Posted by: guest at May 6, 2008 12:37 PM

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