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August 13, 2008

Condos of the Day: Park Place Doubleshot

145-Park-Place-0808.jpg
It took some price cuts to get there, but as far as we can tell the Park Place Condominium development overlooking Flatbush Avenue at 7th Avenue in Park Slope has been pretty much sold out since the end of last year. There are still three units on the market, however, and two of them happen to be right next to each other on the fifth floor, raising the possibility of assembling a pretty large spread. All you have to do is come up with $2,105,000. Apartment 5F is a 1,360-square-foot two-bedroom asking $1,050,000; 145 Park Place, #5G is a 1,330-square-foot three-bedroom asking $1,055,000. Think these will get their prices?
Lots of Price Cutting at the Park Place Condominium [Brownstoner] GMAP
Park Place Condos Gettin' There [Brownstoner]
Park Place Condominium [Street Easy]




Posted by Brownstoner at 12:43 PM | Comments (28)
Categories: Condos, Park Slope

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The balcony overlooking bucolic Flatbush Ave is the clincher!

Posted by: SnarkSlope at August 13, 2008 12:58 PM

I don't understand why people who can afford 7 figures for their living space would knowningly move into such a noisy location.

Even being on the other side of the building would help, but that kind of money I think I'd like at least 2 blocks between Flatbush and me.

Posted by: northsloperenter at August 13, 2008 1:12 PM

Some people live in cities because they actually enjoy the noise, energy and movement of people. And its also a new condo building which attracts a different type of resident compared to your average brownstone homeowner. Different strokes for different folks. :)

Posted by: qis4quincy at August 13, 2008 2:15 PM

Lived on this block for many years- don't anymore, but it's a special little block. Insofar as people with 7 figures to spend are buying in Park Slope at all, it totally makes sense that they would buy here.

Strong block association (and many of the new condo people are now active on it.) Lots of trees. No real problem with Flatbush- it always seemed further than it actually was- partially because of the 7th ave intersection butting in between. It's a block that's included in the historic disrict- and people take very good care of their houses. The transportation options are park access are great from here- 2/3 and Q all close by. Atlantic Ave is walkable. The park is close, and so is Fort Greene and Prospect Heights.

Flatbush Ave between Bergen and the Park is really kind of sleepy- especially at night. The traffic kind of falls off around the mall and picks back up again after the park. There aren't a lot of late night businesses.

Posted by: Park Place at August 13, 2008 2:16 PM

Park Place is a nice street, I would move there if I had the money.

Posted by: billyboomer at August 13, 2008 2:25 PM

I found them very unattractive. There is no central heating, but those big window units that motels have. The room shapes are odd with pillars here and there in the middle of the rooms - I guess they hold up the building. I can't imagine anyone paid a premium to live there.

Posted by: mimi at August 13, 2008 2:59 PM

City noise is fine if you are living in midtown Manhattan and there is no escaping it, but I don't see the point in moving to park slope, where 95% of the blocks are pretty darn quiet, and picking one of the loudest spots in the neighborhood.

I live a few blocks from there and commute via the 2/3 at Bergen/Flatbush daily, so I know the area pretty well.

It is a great neighborhood and Park Place is a great street, but the traffic noise (buses, emergency vehicles, trucks) from Flatbush is pretty much nonstop. And most weekday mornings you can count on bumper-to-bumper traffic (and honking) from about prospect park to the bridge.

For that money, you can find a nice place within a few blocks of there that will have all the advantages of the north slope without the ambulance sirens at 1:30am or the honking and rumbling of the morning rush hour.

Just my $0.02. I understand different people like different things, but who the heck likes bus noise?

Posted by: northsloperenter at August 13, 2008 3:08 PM

What's with all the "If I were spending that kind of money I wouldn't live on a noisy street stuff?"

People pay MILLIONS to live in the Plaza (on the corner of tourist trap and Central Park South), gazillions to live at 15 Central Park West on the corner of Broadway and Central Park West, buttwads to live in converted lofts in Soho, Chinatown, East Village, etc etc etc.

Why would this be any different? This is an absolutely terrific location.

If you don't like the place itself, fine. But the noisy complaint doesn't really hold up.

Posted by: 11217 at August 13, 2008 3:09 PM

"Why would this be any different?"

Because it's not Manhattan. All those other places are.

If you want to live in Manhattan, you have to accept the noise.

If you want to live in Park Slope, the noise is optional.


Oh, and Chinatown? Who's spending gobs of money to live there?

Posted by: northsloperenter at August 13, 2008 3:46 PM

Oh, and Chinatown? Who's spending gobs of money to live there?

Perhaps the west side of Chinatown that is rapidly becoming "Tribeca"?

Posted by: SnarkSlope at August 13, 2008 4:11 PM

Two examples of people paying gobs of money to live in Chinatown:

http://curbed.com/archives/2007/04/02/reconsidering_jetsonville.php

These are priced at 1.6 - 5 million

http://curbed.com/archives/2007/05/22/development_du_jour_the_machinery_exchange.php

Posted by: 11217 at August 13, 2008 4:22 PM

What's with all the sock puppet cheerleaders?

This building is terrible. Why on earth anyone would pay more than a million dollars to live in a soulless building on a crappy block and stare at the back of a billboard all day is a complete mystery to me. The layouts are terrible. There is all kinds of compromised involved in living here. In this market, why would anyone even consider this?

So the answer is a pretty clear "no." No way they get their price. Unless of course the buyer is deaf, blind, stupid and rich.

There isn't even any ambiguity about this building. It's just plain awful.

Posted by: lechacal at August 13, 2008 4:44 PM

I agree it's not the most beautiful building in the world, lechacal, but since the building has roughly 50 units and all now seem to be sold, but 3 it would seem that some people did indeed find them appealing enough to plunk down a sizable amount of $$ for these.

While I'm a pre-war guy myself, I would take this over nearly every single thing going up on 4th Avenue (except perhaps the Argyle) and those places are 20 times uglier, in my opinion. They also seem to be selling some units.

Posted by: 11217 at August 13, 2008 4:54 PM

And in terms of noise, how is this any worse than the 100's (maybe 1000's?) of apartments being built on Flatbush closer to the Manhattan Bridge? Oro, etc etc...

This is at least near/in an actual great neighborhood.

Posted by: 11217 at August 13, 2008 4:58 PM

Looks like a lot of the apartment is dark.I didn't mind some of the oddities of the layout, but from the pictures and floorplan it just looks like you'd be running lights all the time. The facade just looks cheap- maybe that's just the photo. It is a great location and that counts for a lot with most buyers I think, but for that kind of money? I really don't know.

Posted by: bxgrl at August 13, 2008 5:04 PM

Something about the building just struck me as particularly gross when I looked at it. Maybe the combination of looking at the tarpaper roof next door and the back of that billboard. And Flatbush is a truly awful street. Yes, they have found buyers for most of the units, God only knows how. Maybe they are selling at a steep discount to asking. Property Shark should tell us eventually.

The only good thing about this location is that it's almost on top of a Duane Reade (a 24-hr one I think) and it has great subway access. Otherwise this is a little real estate wasteland.

Posted by: lechacal at August 13, 2008 5:15 PM

Brownstone liked the facade when it was initially profiled:

"With the upper floors of the Park Place Condo's flatbush facade complete, we're liking how the glass and metal facade are shaping up. We didn't get a chance to look at the "traditional" side of the building on Park Place so we're interested to hear from locals how that's looking."

You are right thought, great access to trains from here.

Posted by: 11217 at August 13, 2008 5:30 PM

The inside of the apartments just make me feel like I'm in a dreary office building. I would much rather be just a couple of blocks into the quiet of the Slope (as I am) than on that block. Even the Vermeil is a much better location, and that's just one block over.

Posted by: lechacal at August 13, 2008 5:38 PM

Wait... did you say great access from here? Are you a resident? Fess up.

Posted by: lechacal at August 13, 2008 5:42 PM

Hell no. I told you...I love pre-war. I live in a brownstone co-op not far from here.

I'd NEVER live in new construction! Not my thing at all.

But I get off on the Q train stop at 7th and go to Duane Reade on occasion so I know this location like the back of my hand.

I agree with you...the Vermeil is a much better building and location.

Posted by: 11217 at August 13, 2008 5:49 PM

Sounds like we're neighbors, lechacal.

Posted by: 11217 at August 13, 2008 5:51 PM

Yeah, I take the Q home if I don't work late. And sometimes stop at the Duane Reade (boring night) or the liquor store on the corner near the Q stop (fun night). I always feel my blood pressure drop as I walk down 7th away from that corner and into the Slope.

Of course if you live in this building you could hang out at that pool parlor on 7th (the one that looks like a good place to get into a fight or score some crack).

Posted by: lechacal at August 13, 2008 5:54 PM

I like that liquor store on the corner. Nice people and good prices. The one down between Union and Berkeley is nice too, but more expensive.

I try to buy everything I can at Super Savers, but every once in a while, I've got to make a run to Duane Reade.

I've never gone into that pool parlor, but occasionally been tempted.

No question that the second you start walking down 7th, it's a whole new world. Actually if one lives in this place, the entrance is on Park, so you might be able to forget about Flatbush, unless your place overlooks it.

Can't wait to be back in the Slope in about an hour. Always look forward to going back home.

Posted by: 11217 at August 13, 2008 5:58 PM

And I can't wait to be back in the slope in.... like 8 hours. Damn work.

Posted by: lechacal at August 13, 2008 6:01 PM

I guess I don't usually like glass and metal facades unless they're much more interesting than this. I think the toren will be amazing, and I love the frank Gehry building on the West Side Hwy, but for the most part this building reminds me of 1960's and 70's school construction. But again, I'm judging from a photo so take this with a grain of salt.

Posted by: bxgrl at August 13, 2008 6:46 PM

"And in terms of noise, how is this any worse than the 100's (maybe 1000's?) of apartments being built on Flatbush closer to the Manhattan Bridge?"

Oh, I completely don't get those people either.

I'm curious to see what Dumbo becomes in 4 or 5 years. I'm picturing something with the charm of Hell's Kitchen circa 1998.

Or maybe there are enough people who want to pay Manhattan prices to not live in Manhattan and not have the benefits of Manhattan but to have most of the inconveniences of Manhattan's less charming neighborhoods.

Who knows.

Posted by: northsloperenter at August 13, 2008 7:44 PM

Whoa Lechacal. You keep crazy work hours!

Posted by: wasder at August 13, 2008 10:25 PM

Better than the alternative I guess, it being a recession and all. On the other hand, a little REM sleep every once in a while would be a nice treat.

Posted by: lechacal at August 13, 2008 10:40 PM

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