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November 4, 2009

Price Cuts at 272 St. Marks Avenue

272-St-Marks-Avenue-1009.jpg
After four months on the market, 272 St. Marks Avenue was coming up goose eggs in the sales department. As a result, seven out of the eight units were on the receiving end of 10 to 15-percent price cuts recently. So a top-floor three-bedroom that was $1,049,000 is now $895,000 and a second-floor one-bedroom that was $575,000 is now $495,000. Think it's enough to get a little action going?
272 St. Marks Avenue [StreetEasy] GMAP




Posted by Brownstoner at 11:00 AM | Comments (21)
Categories: Condos, Prospect Heights

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Comments

What's with the GMap links today?!

Posted by: tybur6 at November 4, 2009 11:03 AM

Methinks they need to trim the prices by at least another 20%.

Posted by: DitmasSnark at November 4, 2009 11:12 AM

Loook at all that potential for leaky windows!!!!

Posted by: daveinbedstuy at November 4, 2009 11:13 AM

Oh, I think this place is loverly. Worth every penny. Probably more!

Posted by: tybur6 at November 4, 2009 11:42 AM

this place is across the street from a well-used (older) playground that gets rather loud (enthusiastic basketball games)at all times of the day and week...something to think about - let alone a new development with no buyers!

Posted by: promenade at November 4, 2009 11:57 AM

i went to see this. I will be surprised if they sell at all in this market. They have all these windows and look out on a basketball court and a vacant lot. nothing to make one want to live there at all. The balconies overlook the basketball courts and they have huge airconditioning systems sit on them that are probably noisy as well.

Posted by: justpassing at November 4, 2009 12:03 PM

that is one dismal location. a dead lot to the right and a POS residence sure to be torn down at some pt and turn into a contruction nightmare.

New construction completed in last year plus? Crap quality to be sure.

Still shooting for over 700 bucks a SF? "Good luck", or "my condolences", depending on if it sits or sells.

Posted by: MoneyForNothing at November 4, 2009 12:06 PM

WARNING: PRICE SANDING CAN BE HARMFUL OR FATAL IF INHALED. THE USE OF A SUITABLE RESPIRATOR IS HIGHLY RECOMMENDED.

Still 500 to 900 grand for a freakin' apartment! Can't knock the location but this range contains future Prospect Heights brownstone prices.

***Bid half off peak comps***

Posted by: Brownstones Half Off at November 4, 2009 12:06 PM

Why would anyone touch these places for a penny more than $600 sq/ft? Heck, better located high end, full service condos are now $700-$800.

Posted by: Brokedeveloper at November 4, 2009 12:07 PM

"Can't knock the location"??

Between Vanderbilt and Underhill across from a dead lot and a basketball court? BHO, you going soft?

Posted by: MoneyForNothing at November 4, 2009 12:09 PM

Scratch that - $550 sq/ft max.

Posted by: Brokedeveloper at November 4, 2009 12:36 PM

I mean the general location, MFN, not the specific one. You wouldn't live near Amorina? What if the lot was developed and the court disappeared? Price aside.

***Bid half off peak comps***

Posted by: Brownstones Half Off at November 4, 2009 12:37 PM

Anyone know anything about the small woodframe one story house with a peaked roof that was torn down to build this? I always used to think it might be quite an old place, mide 1800s, predating a lot of the other P Heights buildings in the area.

Posted by: 1842 at November 4, 2009 12:56 PM

I looked at these last weekend. They're wanting $900K for a 2BR that doesn't even have a hallway closet (and, really, no place for an armoire, either); the units in the back of the building face a giant pit (maybe 15' or so) dug into the back yard, for God know what reason. Oh, and there's no elevator.

Posted by: kimcheater at November 4, 2009 5:19 PM

Correction: The third bedroom is 9' 9".

Posted by: kimcheater at November 4, 2009 5:23 PM

Only a moron would think this locaton is bad. Right around the corner from Vanderbilt, where a new restaurant or bar opens each week. The basketball games getting "enthusiastic"? Talk about coded language!

Posted by: Big Jugs at November 4, 2009 6:33 PM

The playground isn't going away. It's attached to PS 9. The block certainly isn't the prettiest but it's very convenient to Vanderbilt, GAP, the park etc etc.

Yes, 1842, I believe you're correct that the little woodframe house was early 19th century -- probably right around the date of your handle in fact. A photo of it ran in the 2007 Prospect Heights House Tour brochure which had a feature about landmarking and made the point that buildings like this would have saved from the wrecker's ball had the neighborhood been designated earlier.

Posted by: grand army at November 4, 2009 7:06 PM

sorry... enthusiastic = loud (nothing more coded than that I'm afraid)

Posted by: promenade at November 4, 2009 7:33 PM

Thanks grand army. I was a bit bummed to see it go, though I'll welcome the new neighbors to what is really a nice neighborhood that continues to develop and get better.

Posted by: 1842 at November 5, 2009 9:54 AM

I don't think living around Bars and Restaurants is such a great idea.
Bars attract noise as well as restaurants.....
...and for that price, I want quiet, not some dumb bitch screaming at her boyfriend in front of a bar...

Posted by: STARGAZER at November 5, 2009 12:19 PM

Piss off, stargazer. Gratuitous sexism is so 40 years ago. And infact there are no restaurants and bars on this block. It's just that it's close to Vanderbilt where there are plenty.

Posted by: grand army at November 5, 2009 3:25 PM

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