Condo of the Day: 1 Tiffany Place, #5C

Given the beautiful exterior, you'd expect the apartments at 1 Tiffany Place to have lots of historic charm but, alas, that's not the case. When we featured one of the units last September we said that "the look and feel is a little too 'new traditional' for us." Today's condo, Unit 5C, leaves us similarly flat; the furniture's not helping the cause either. Nothing offensive, though, and the duplex comes with private parking, which is pretty sweet. Still, the asking price of $725,000 seems like a stretch for the 1,103-square-foot one-bedroom. Agree?
1 Tiffany Place, #5C [Halstead] GMAP P*Shark

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Why would condos in an old factory have 'historic charm'?

Posted by: denton at July 28, 2009 12:50 PM

last thing on streeteasy to close in this building was a 1000sqft unit (not a duplex) at 575/sqft. i would imagine then that this would sell at a bit less per/sqft than that. so, it would be surprising if it broke 600k, for sure.

Posted by: perhaps at July 28, 2009 12:54 PM

I have no idea what to think of this place without seeing a floorplan.

It's a 1 bedroom duplex? What's upstairs? Bedroom and closets?

The completed unnecessary wood burning fireplace is cleverly placed exactly where 95% of potential owners would put their TV/entertain center.

And why are the horns on the bison skull painted black?

Posted by: northsloperenter at July 28, 2009 12:57 PM

Is the furniture embedded in concrete and / or bolted to the floor? My guess is the current owner will take it with them on their way out.

Posted by: TD at July 28, 2009 1:00 PM

Is the dining area really supposed to be that little space right by the entry door? I would find that annoying- unless I could somehow block off the door with a wall or half wall.

Posted by: bxgrl at July 28, 2009 1:10 PM

agree w/TD, dont see why people criticize a unit's furniture or paint for that matter. price is high for location...we once looked at a place on the other side of the BQE, and the walk alone made our decision never to look there again.

Posted by: goldie at July 28, 2009 1:14 PM

I know posters have been complaining elsewhere about the average reader appraisals being too low, but I just don't get paying well over half million dollars for a one bedroom on Tiffany Place. You can get a one bedroom in Manhattan for that price these days. No wonder sellers price their homes so high -- even at $150,000 off the listing price, the $588,000 seems crazy. I know it only takes one buyer, but I wouldn't buy a one bedroom anywhere in all of NYC for that price -- if that was all that was available, I'd buy a house in the 'burbs. Apparently, many people would choose the 1 bedroom but I don't know who they are since I've never met someone with that budget who wants a 1 bedroom.

Posted by: CGfan at July 28, 2009 2:13 PM

you need a parking space because the place is a crazy walk to the F train. . .

Posted by: ontheparkway at July 28, 2009 2:25 PM

i think 29 tiffany is a much nicer building. the comps for $575 sq/ft seems low to me as i know something that just sold in 29 tiffany for around 800 per sq ft, but it was renovated and had private parking and was a 2 bedroom. i live a few blocks away and think the walk to the f is totally fine (i do it every day to work and it takes less than 10 mins). this block also has a free shuttle to boro hall anyone can jump in and is ps 29. but all that said, a one bedroom duplex isn't going to service a family with young kids.... also, which side of the bqe is it on? the water side gets a lot more than over the bqe...

Posted by: BrooklynBelle at July 28, 2009 3:31 PM

Who wants to live near the BQO for $500k plus?

Posted by: BrooklynGamer at July 28, 2009 4:10 PM

I've been to all of the buildings on Tiffany and #1 is by far my favorite. It's well-kept and well-staffed. The apartments themselves are nice blank slates. $725K for a one-bedroom is outrageous! I would think somewhere between $550K and $600K would be a more reasonable price, although the parking spot is definitely a big bonus. On the other hand the listed agent for this apartment actually lives in this building herself, so she should know how much she could sell the place for better than most. It's hard to tell from the photos, but I think the bedroom overlooks BQE, which is a constant din, unless the place has sound insulating windows. The apartments facing Tiffany would be more desirable, in my opinion, although with less light on the lower floors. This should be interesting to follow for sure.

Posted by: Taksa at July 28, 2009 4:23 PM

tiffany place is fantastic. it's a special street. came close to buying a place on tiffany years ago. zoned for ps29, and all the property over there has never been particularly cheap. it is still considered cobble hill, and the shops/restaurants around there are pretty cool. nice playground at the end of the block.

agree that it's impossible to figure out this apt without a floor plan, and the "blahness" of the place rests entirely with the decor. DULL... it could go in any direction from here.

Posted by: wine lover at July 28, 2009 5:11 PM

I looked at some units here back in 2006. My favorite moment was viewing one of the apartments - 3rd or 4th floor - facing the BQE & asking if I could open the window. You should have seen the owners' faces drop [it was a FSBO]!! Even though it was early on a Saturday morning, the minute I cracked the window, the apartment was filled with the ROAR of the highway! I actually like the hood, but the noise [and one presumes fumes] from the BQE are a total deal-breaker for any unit that faces it. Even on the side of the roof deck that faces the freeway, the noise is awful!

Posted by: parkedslope at July 28, 2009 5:28 PM

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July 28, 2009

Condo of the Day: 1 Tiffany Place, #5C

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