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November 3, 2008
Condo of the Day: One Main Street, #3A
Given that this is the best building in Brooklyn's most expensive neighborhood, we were a little surprised to see a price cut come over the wire, but then we looked a little closer at Apartment 3A at One Main Street in Dumbo. It's 2,198 square feet according to the floorplan, but in the photos it underwhelms. Maybe it's a matter of staging, but it's hard to see someone shelling out the asking price of $2,389,000 (down from $2,500,000) when this place at 30 Main Street can be had for $1,585,000. Waddya think? This place just need a spruce-up or does the price have to come down?
1 Main Street, #3A [Sotheby's] GMAP P*Shark
Exterior photo by Planetgordon.com
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Comments
Meh -- weirdish layout, definitely poor staging. Sotheby's?!
Posted by: bklynite at November 3, 2008 12:45 PM
This apt is bigger than the other listed, but not 800K bigger.
Very Bad staging. Looks like they went to the local car service and brought back very chair in the place.
Last count, 15 chairs and stools.
Posted by: bayridgegirl at November 3, 2008 12:58 PM
Gotta put your best foot forward in this market!
Posted by: plgdude at November 3, 2008 1:01 PM
I'm a former resident of 30 Main (loved it) and I've visited this unit in 1 Main. I'd take a low-floor A-line in 1 Main over any floor C-line in 30 Main. Here's why: A-line, even on 3rd Fl., has awesome Western light, water views, and a lovely Brooklyn Bridge view. C-line, while perhaps having a more efficient layout, has views of nothing. For me, the beauty of living in DUMBO is the views. Plus, the A-line easily has space for two private work areas and 3 bedrooms, if you use the home office as one of the bedrooms. Now that my husband and I have a child, I love the extra nooks and crannies this apartment offers. (For the record, we were considering 6A when it was on the market a few months ago, but it was beyond our budget. If we had the $$$, I would have jumped on it.)
Posted by: dumbogirl at November 3, 2008 1:02 PM
Love this tidbit from the listing: "Dumbo has a wonderful hometown neighborhood feeling."
Posted by: SnarkSlope at November 3, 2008 1:02 PM
nothing says "luxury apartment" like an old tv sitting directly on the floor.
Posted by: z at November 3, 2008 1:05 PM
Brokers we've been working with have told me recently that the market is suddenly a very different place than it was just one month ago. All of a sudden, the phones have stopped ringing as much, everyone is getting nervous, etc. Sadly, some sellers are now being forced to sell due to job loss, financial hard times, etc. So, I think anything that was priced pre-meltdown needs a price cut, and very likely a significant one, regardless of condition. For sure, poor staging (as with this place) is a terrible mistake in this climate - one needs to work as hard as possible to make a sale, esp at this price point.
Posted by: Miss Muffett at November 3, 2008 1:19 PM
Spacious layout but who wants to pay over two million dollars for an apartment where you walk right into the kitchen? That's just gross. Even middle-class folks don't like that much less folks who make enough to afford this kind of price. just absurd.
So your guest walks in, and they put their bags down on the kitchen counter? So declasse, but then I guess it doesn't matter to those who keep a TV on the floor and collect mismatched plastic chairs.
Posted by: sam at November 3, 2008 1:24 PM
Miss Muffett says it all. Bid what you can afford on any listing you desire that is priced up to two times that amount. Over the next couple of years, that ratio will approach 1. But 2 is where we are today.
Posted by: DOW8000SP800 at November 3, 2008 2:01 PM
Dumbo is so damn loud!!! Do these places have sound proof windows?
Posted by: eastriver at November 3, 2008 2:45 PM
I think this is overpriced - but I have friends who have an identical layout and great taste, and their apartment looks amazing. Lots of space, great light and the layout actually works (kitchen entry and all). To answer the initial question this needs a spruce up AND to come down in price. Then it would be worth considering.
Posted by: HellsBelles at November 3, 2008 6:36 PM
My first loft had a kitchen right as you walked in. Everyone thought it was hillarious. We all loved it. Of course I paid $180,000 for the place. For two million dollars I would sooner open an important vein than have a kitchen counter greeting my guests as they walk in the door.
Posted by: Inigo at November 3, 2008 6:49 PM
walking into the kitchen/open area appeals to some people. i don't think it's a negative.
this place is huge, and family sized, but i think it's super over priced.
Posted by: wine lover at November 3, 2008 8:35 PM
Who does it appeal to? The anal-compulsive chef?
Posted by: Inigo at November 3, 2008 8:49 PM
It is all about diminished expectations. here are affluent young people who know their jobs but not much else who think it's Ok to pay 2.3 million dollars for a home where you guests walk in and are in your kitchen. It's nuts.
For 2.3 million, I want a foyer and a reception room that impresses, then I want the food to appear magically from some place that is never seen because I will not be cooking dinner and neither will my wife. We would be rich people. What the f..k are you kiddies thinking. Hello??????
Posted by: sam at November 3, 2008 9:00 PM
Sam, your fantasies about the "rich" and their kitchens being ideally somehow unseen except by the "staff" are way off (unless you're kidding, which, admittedly, you could be and I just don't know it). Especially for a 2 million dollar apartment which is - laughably but truly - not that far off of the average cost of a 2-3 bedroom apartment in Manhattan. Perhaps a 10-15 million dollar townhouse or some fancy schmancy 5th Avenue co-op might see attitudes akin to this, but...
It isn't like we're talking about a clawfoot bathtub or toilet in the middle of the apartment here (which YES, I have seen - my first boyfriend in New York had a tiny apartment in Greenwhich Village with the only bathtub located in the kitchen) rather, we're seeing an open entry/kitchen/living room which is actually desirable to many people. Why "gross"?
Posted by: Nokilissa at November 4, 2008 12:35 AM
I never thought I'd look at a New York condo listing and think it was positively cheap. But that's because I had never, until today, seen a one-bedroom apartment (yes, one) for sale for $2,895,000 (or a rather staggering $2,017 per square foot). Did I mention it's not in America's most expensive city, but in San Francisco? See it here: http://www.openhomesphotography.com/1200California25A/
Posted by: Home Girl at November 4, 2008 12:40 AM
Well the place next door sold for 3 mill and there the front door opens into the half bathroom.
Posted by: dittoburg at November 4, 2008 8:31 AM
I agree...it's understaged, and there are a lot of chairs...but look more closely. There are some NICE chairs there. An Eames or two, and a couple of other name-chairs. (And three or four Ikea stools). I think the owners picked 'em off the street, and now has to figure out what to do with them. I actually like the layout, and if the light is good, it could be amazing. It is a bit awkward walking right into the kitchen, but it would be easy enough to put up a wall there, and there's a coat closet, landing spot by the entrance. That being said, it's overpriced, but I think they'll find a buyer.
Posted by: Minmin at November 4, 2008 9:49 AM
This listing makes the C-Unit in 30 Main apartment look like a steal.
Posted by: QB Steve at November 4, 2008 11:32 AM
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