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June 25, 2009

Signs of Life at 105 Lexington Avenue

105-Lexington-Avenue-0609.jpg
Back in mid-May, we told you that there were some closings in the pipeline at 105 Lexington Avenue, the 32-unit condo on the Bed Stuy/Clinton Hill border. Looks like there was something to it: As of last week, three closings had happened to date, including a 1,197-square-foot 1,800-square-foot one-bedroom loft which went for $950,000. Impressive.
105 Lexington Avenue Listings [StreetEast] GMAP
Checking In On 105 Lexington Avenue [Brownstoner]
105 Lexington Avenue Coming to Market [Brownstoner]




Posted by Brownstoner at 10:15 AM | Comments (17)
Categories: Bedford Stuyvesant, Condos

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Comments

"1,197-square-foot one-bedroom loft which went for $950,000"

are you effing kidding me? that is insane, or my place is worth 1.5

Posted by: randolph at June 25, 2009 10:21 AM

randi beat me to it. a million bux for a one bedroom in that location? pass the crack pipe please! some people seriously have no concept of money or value.

*rob*

Posted by: PitbullNYC at June 25, 2009 10:29 AM

$950K...just so you don't have to walk more than 50 ft. for a BJ from a crackwhore?

Posted by: Art Salt at June 25, 2009 10:54 AM

If this is what it looks like, it wins my award for worst purchase ever. can't you get a brownstone for under 1MM around there? I'm skeptical about the data point, though. the one listing they show is available for 413/ft, and this went for almost 800/ft. I don't think any amount of private roof deck can close that gap.

Posted by: joe_the_bummer at June 25, 2009 10:56 AM

maybe all that storage room for their amps won them over(streeteasy).

Posted by: joe_the_bummer at June 25, 2009 11:02 AM

Three blocks away a 3-family brownstone with a large lot of 42x100 was sold for less than $750K at the beginning of the month.

I think some people just love to live in a condo. There is nothing wrong with that as long as they can afford it.

Posted by: lostintranslation at June 25, 2009 11:03 AM

not saying anything is wrong with condos -- but for 800 a foot they can have virtually any condo they want in brooklyn. they got hosed.

Posted by: joe_the_bummer at June 25, 2009 11:07 AM

case in point -- 1127 sq ft 3BR in the park slope brothel for 972K, just posted by brownstoner

Posted by: joe_the_bummer at June 25, 2009 11:16 AM

so if your drummer gets your girlfriend pregnant, the kid can go to a good public school.

Posted by: joe_the_bummer at June 25, 2009 11:17 AM

When did this go into contract? Is this someone who signed a contract for an insane price at the top of the market and doesn't have the good sense to just walk away from the deposit?

If this contract was signed in 2009...well, there's one born every minute. Might as well be a developer who takes this sucker's money.

Posted by: lechacal at June 25, 2009 11:19 AM

Where did you get your information?

The condosinbrooklyn.com website shows this unit (4C) as being 1,800 square feet, 3BR 2BA, plus private roof deck.

You get the haters all riled up for nothing.

Posted by: TD at June 25, 2009 11:29 AM

http://105lexington.com/plans

The C line is listed as 1,197 square feet. 1,800 would make a hell of a lot more sense though!

Posted by: brownstoner at June 25, 2009 11:34 AM

Joe, I hear you ...

Hopefully this will help bring more stores and restaurants to the neighborhood.

Posted by: lostintranslation at June 25, 2009 11:43 AM

The shooting on Classon two weeks ago drove away all the drug dealers who usually reside at Friendly Food Center...but you still have the alky ladies from The Bowery Residents Committee next door to this condo.

Posted by: Art Salt at June 25, 2009 11:48 AM

"The shooting on Classon two weeks ago drove away all the drug dealers who usually reside at Friendly Food Center"

umm, sort of reminds me of a story of a spider and a fly...

in any case, if you go to condosinbrooklyn.com it does say 1800sqft. even though the building's website says 1197sqft, i'm tempted to believe the other figure just because it is less f**king outrageous.

Posted by: perhaps at June 25, 2009 11:54 AM

1800 would make a hell of a lot more sense. $500 psf is actually credible with a nice private deck in the picture.

Posted by: lechacal at June 25, 2009 11:56 AM

I am just waiting for the prices to be halved, or these to turn into rentals... I really like this development, actually.

Just not for what it's priced at now.

Posted by: Heather at June 25, 2009 1:20 PM

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