Checking In On 346 Coney Island Avenue

Last March, we thought the condos at Park Circle were in for massive price cuts. Despite the great access to the park, our readers pointed out the measly supply of neighborhood amenities, FOLC (fear of low ceilings), the dangerous traffic at the entrance to the park. Well, according to Streeteasy, only two listings are still active at the building, with nine in contract and 73 sales. Prices have indeed been falling, though no more than at other buildings in the borough. Unit #902, a 1,526-square-foot, two-bed, two-bath condo, got a $75,000 shave seven months ago to $810,000, and #905, a 1,428-square-foot two-bed, two-bath took $40,000 off five months ago, to make it $695,000. The most recent sale was on October 12, when an 1,150-square-foot two-bed, two-bath unit went for $605,000, after a $55,000 discount. Can they unload the last two in this market without further cuts?
Park Circle Listings [Corcoran] GMAP
Condo of the Day: Park Circle [Brownstoner]
Park Circle Apartments Already on Market [Brownstoner]
Squaring Up With The Park Circle [Brownstoner]
Set Speed Condo Report: Park Circle [Brownstoner]

Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/6685

Comments

i recall some discussion in the past about these places having really low ceilings. that true?

Posted by: guestula at October 17, 2008 10:38 AM

How low are the ceilings?

Posted by: troll at October 17, 2008 11:20 AM

Please compare this to the chatting over on the Trader Joe's thread where the major complaint seems to be that ceilings are too high (or there are too many of them - I can't quite figure it out!).

Posted by: Putnamdenizen at October 17, 2008 12:13 PM

A neighbor who was interested in this building said that the worst thing was the oddly shaped spaces and the terraces that basicly look at the wall!

Posted by: BH76 at October 17, 2008 2:13 PM

i think you can work with the spaces. add a custom dining table/kitchen island - like one of the square ones - have seating and storage. both floor plans allow for the addition of a small guest room/office.

also, think there's plenty of room for custom built-in cabinets for extra storage.

figure out a little for architect's fees + the built-ins, ask for some money off to pay for it, and you've instantly increased the value of the place. the bigger apt with the larger terraces needs landscaping to further add value.

these prices seem good (well who knows really), and they are family sized apts. plus there's a tax abatement. if the washer/dryer is in there and hooked-up, that's a savings, and of course, there's my favorite, central air.

i do think that the cc's are decent for a door man and a gym.

hey, i guess i like these apts at these prices.

Posted by: wine lover at October 17, 2008 2:53 PM

I heard that the ceilings are too low.

Posted by: Xander Crews at October 17, 2008 6:07 PM

Don't know why people are chatting about low ceilings. I live in the building. The ceiling height is 9' 2"- all throughout the apartment. I don't know if the guy who originally said the ceilings were low was a really tall fellow- like that chinese basketball player, but I reckon 9' 2" ceilings are normal, if not a tad higher when compared to other condos.

As for the oddly shaped spaces, I think the layouts were cool (One of the reasons I bought in). They're (for the most part) anti-cookie cutter and certainly laid out differently than the usual 2 bed, 2 bath in most new condos.

And, before anyone else starts going off on the ceiling heights, I invite Mr. B. to grab his measuring tape and come on over.

Posted by: wolfboy9 at October 17, 2008 6:39 PM

9'2'' is too low, 9'3'' is just right.

Posted by: Xander Crews at October 17, 2008 8:06 PM

« Energy Scammers Plaguing Brooklyn? Housing Starts Plummet »

October 17, 2008

Checking In On 346 Coney Island Avenue

Trackback Pings

Comments

Post a comment

Latest Restaurant Additions