Condos of the Day: 470 Washington Avenue

While we're not wild about the finishes, it's nice to see this former boarded-up SRO at 470 Washington Avenue in Clinton Hill being reborn as a four-unit condo. Prices range from $245,000 for a 320-square-foot studio to $645,000 for a 830-square-foot top-floor two-bedroom plus balcony. How do you think these will fly?
470 Washington Avenue [StreetEasy] GMAP
Celebrity Investor Gears Up at 470 Washington Avenue [Brownstoner] P*Shark

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"How do you think these will fly?"

Like someone on heroine off the roof of a 12-story building.

Posted by: DOW8000SP800 at September 23, 2008 12:45 PM

I was at the first open house a few weeks ago. They were nice looking apartments, good layouts, lots of closets (which so many apartments seem to forget is required in a residential dwelling) and decent bathrooms. My biggest takeaway, however, was how obnoxious, disinterested and uninformed the brokers were. One was on the phone the whole time, and the other could either not answer or refused to answer any of the questions asked. We left with such a bad taste about these, mainly because we would have hated to give those two jerks a commission.

Posted by: mksk at September 23, 2008 12:50 PM

I think these are really nice looking apts in a great location. I do think they are overpriced considering everything that we have seen going down. But compared to some of the new construction stuff for the same money I think these are pretty great apartments. Shave 50-100 off the price of the 2 bedroom and I bet it sells.

Posted by: wasder at September 23, 2008 12:52 PM

Will they be keeping the metal gate on the front door? That could be a selling point depending on how bad the economy gets.

Posted by: SnarkSlope at September 23, 2008 1:06 PM

How possibly did those windows pass landmarks? And if they were there pre-reno, why wouldn't someone have replaced them with something more appealing anyway?

Posted by: Putnamdenizen at September 23, 2008 1:25 PM

Stoney, you gotta love that one of the selling points of the location is its proximity to Brooklyn Flea. Personnaly, I love how the pictures on the listing for the studio are apparently of a one bedroom.

Posted by: altervoce at September 23, 2008 1:44 PM

Price is balanced by that low maintenance. I'd carefully check if there are any tax abatements in place, and if so, when they might expire.

Really generic looking finishes, though. That kitchen and bathroom scream rental.

Posted by: Bolder at September 23, 2008 1:50 PM

The iconic image of Clinton Hill used to be the brownstone with the rolldown gate at the front door. How things have changed! Only a few of these reminders of the old days left. Good riddance.

Posted by: sam at September 23, 2008 2:15 PM

Seems relatively reasonable considering the location. Not sure how the parlor floor windows passed landmarks. I assume the facade around the front door and the door will be restored soon.

Posted by: 1842 at September 23, 2008 2:33 PM

1842 has a good point. If you are serious about buying one of these units check w/Landmarks to see if there are any violations, because if there are, and those parlor windows do look baaad, you are buying the violation along w/the apartment.

Posted by: sam at September 23, 2008 2:40 PM

They do look nice, but I prefer this listing from Corcoran:
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1379283

Just seems like a better buy.

Posted by: Brooklyns_da_Boro at September 23, 2008 3:45 PM

« The Restoration of Restoration Plaza House of the Day: 304 Union Street »

September 23, 2008

Condos of the Day: 470 Washington Avenue

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