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October 30, 2008

Two Units Left at 364 St. Marks

stmarks-loft-1008.jpg
In March, when last we took a look at the "St. Marks Loft Building," 364 St. Marks Avenue at Washington, a chalky white substance still marred the facade, but that hadn't affected sales. Sixteen out of 20 units had been snatched up, leaving four available in the 1,000 to 1,100-square-foot range for between $543,500 and $599,000. Well, seven months later, two listings are active, according to Streeteasy. Oddly, the 872-square-foot unit 1C got a $165,750 price hike just around the time of our last inquiry, to $549,000; might be why it's still available. Unit 2C, at 1,125 square feet, has been asking for $589,000 since January of 2007. Clearly, the white stuff is still there.
364 St. Marks Avenue [StreetEasy] GMAP P*Shark
Checking in on 364 St. Marks [Brownstoner]
364 St. Mark's Avenue Coming Down the Pike [Brownstoner]




Posted by lisa at 11:11 AM | Comments (6)
Categories: Condos, Prospect Heights

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Comments

seems like for about the same price you could get one of those sterling condos featured here yesterday. Not sure how the layouts compare but I personally would prefer being closer to eastern parkway/prospect park than atlantic avenue.

Posted by: bktycoon at October 30, 2008 11:24 AM

The white stuff is called efflorescence. Efflorescence is the result of water getting in and pulling the water-soluble salt out.

Posted by: Frederick Law Homestead at October 30, 2008 11:48 AM

frederick or anyone, is this a sign of poor quality in materials or normal for new brick? there's a relatively new brick construction on 7th ave near flatbush in park slope that has something similar going on , and some of the brick and cement work is already crumbling off.

Posted by: goldie at October 30, 2008 11:53 AM

yes efflorescence is a natural process of most porous materials but is a sign of poor construction quality. Not neccesarily because the materials are "bad", but that preventative measures were not taken during the construction (i.e. they didn't seal the back of the brick).

Posted by: bowl of dicks at October 30, 2008 12:29 PM

these lofts have some boss terraces, and in a better location than 475 Sterling, IMHO. But ALL 1BRs?

Posted by: Fjorder at October 30, 2008 12:58 PM

Efflorescence can be a sign of poor construction/lousy materials BUT can also occur when the brick has been exposed to water PRIOR to being installed and therefore is quite common in much new construction (including well built) - however if the condition persists (few years) then it is likely a symptom of a larger problem.

Posted by: fsrg at October 30, 2008 1:03 PM

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