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October 16, 2008

45 Third Place Not Moving

45-third-place-1008.jpg
We're not the only ones who've given this building a hard time. Others in the neighborhood lamented the clunky addition affixed to the back of this Carroll Gardens brownstone, and now Pardon Me For Asking has noted that the place is still up for grabs, having languished on the market since January '07. Unit 2 got a $60,000 chop to $1.4 million six months ago, but that's not enough, apparently. The whole building went on sale in May for nearly $3 million, and, despite changing brokers a few times, the "hunchback" as PMFA calls it, remains available.
Carroll Gardens Hunchback Still Languishing on Market [PMFA]
Carroll Gardens Atrocity For Rent [Brownstoner]
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]




Posted by lisa at 10:02 AM | Comments (26)
Categories: Carroll Gardens, Condos

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Comments

"languished" is being kind if it's been on the market since January 07

Posted by: daveinbedstuy at October 16, 2008 10:07 AM

I'm guessing Sebb might be the developer

Posted by: dittoburg at October 16, 2008 10:07 AM

no...Polemicist!!!!

Posted by: daveinbedstuy at October 16, 2008 10:09 AM

as i recall, the real problem with this place is not so much the ugly exterior as the shoddy workmanship and obvious water leaks in the interior.

Posted by: z at October 16, 2008 10:22 AM

They should just donate it to house the homeless. Not many others out there that will appreciate it.

Posted by: TownhouseLady at October 16, 2008 10:23 AM

I think that the best the developer could hope for at this point is to unload this money pit as a rental investment property. Say you could rent each floor for $4000. That's $12,000/month... $144,000/year. Let's say the price to rent ratio is 15, then this place is worth $2,160,000. 2 mil to be the embarrassment of the neighborhood.

Posted by: Left Hook at October 16, 2008 10:29 AM

Please drop by and visit me and my old pal The What in the Forum.

Posted by: Biff Champion at October 16, 2008 10:30 AM

OK it's ugly and out-of-character and the construction is poor--we all agree. But at what price would even the hatingest hater consider buying one of these units?

It is still a prime location, in a great school district, and has parking.

At some price you might swallow your pride and endure the scorn of your neighbors.

At $999,000 would you pull the trigger?

Posted by: manofelt at October 16, 2008 10:51 AM

Are you sure no one bought any of it? The place now has shades and furniture in it. I was thinking the owners might have done it to make it look occupied.

Posted by: Cantaffordcarroll at October 16, 2008 10:52 AM

man-o-war - $675,000

Posted by: dittoburg at October 16, 2008 10:57 AM

I think someone is renting the lower unit.
What a disaster!

Posted by: cgguy at October 16, 2008 11:03 AM

4 K a month for one floor in that? what? sorry that's just beyond insane.

-r

Posted by: PitbullNYC at October 16, 2008 11:05 AM

i think it's 2 units, so each one has two floors

Posted by: cgguy at October 16, 2008 11:07 AM

this definitely wouldn't help with the leaky interior, but I think the only hope for the exterior is to cover the whole addition with ivy and get a bunch of plantings on the roof to disguise the fence railing.

Posted by: chip at October 16, 2008 11:14 AM

Serves 'em right.

Posted by: BrooklynButler at October 16, 2008 12:08 PM

Chip - I like your ivy idea. It would probably take 10 years to cover the wall. And the ugly railing could also be hidden.

So imagine the addition covered with ivy and the railing hidden. Would the building look so bad?

Posted by: Suburbandude at October 16, 2008 12:47 PM

They should sell the whole house with the offer to chop off the carbuncle and convert it to a single family.

Posted by: dittoburg at October 16, 2008 12:48 PM

Wow! They spent money to lose money. Imagine how fast and for how much it would have went if they "did the right thing" which was "do nothing".

Posted by: DOW8000SP800 at October 16, 2008 1:19 PM

Pretty sure i saw a family move in last month.

Posted by: NsPx at October 16, 2008 1:28 PM

Probably the developers family. They couldn't sell it so now they're forced to live in it.

Posted by: TownhouseLady at October 16, 2008 2:15 PM

We had a lot of fun on Brownstoner making fun of this place while it was being done... lots of wildlife metaphors as I remember.

Posted by: donatella at October 16, 2008 2:46 PM

THL, LOL! I don't want to see anybody go broke, but let this be a lesson to developers who want to throw up any POS and expect to have money thrown at them.

I wouldn't live in this place for free.

Posted by: i_heart_brooklyn at October 17, 2008 3:25 AM

the developer, austin nagle made a series of bad bets in the neighborhood... i guess he thought that he could flip garbage like this...surprise ( i also notice that he deleted his embarrassingly self serving profile from wikipedia...lol)

Posted by: eman at October 20, 2008 7:39 PM

a profile from the nydaily news of the fop who made this abortion possible...what a buffoon..
Austin Nagel, 25, compliments two high-design furniture stores in Chelsea with boutique residential developments in Cobble Hill and Carroll Gardens in Brooklyn. Nagel's Natrona Furniture stores, on W. 20th St. off Sixth Ave., sell sleek Italian and Brazilian brand furniture at affordable prices. His developments have apartments ranging in price from $850,000 to $1.3 million.

"I have no desire to be told what to do," says Nagel, who left his native Wyoming at 16 to pay his way through school in Paris. "It's not so much about money as it is doing exactly what I want."

Posted by: eman at October 20, 2008 7:43 PM

i heard a rumor that the tenant is not even paying rent... it's a barter deal for physical therapy for nagle since hes so stressed out from all his deals turning sour, and the renter is a physical therapist from manhattan..only a rumor..

Posted by: eman at October 20, 2008 7:47 PM

Austin Nagle was also going to do the same this to 120 3rd Pl., but that building was put on the market last month (or so). Let's hope he just gets out of the neighborhood so he can focus on selling his overpriced furniture.

Posted by: iheartbk at November 3, 2008 2:26 PM

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