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892 Bergen Street Relaunches

Categories: Condos, Crown Heights

892-Bergen-Street-0110.jpg
892 Bergen Street, the new 38-unit development in Crown Heights, was on the market for a while last year, but, according to the broker, was taken off for a while recently while some construction was finished up. The new listings (with new prices) just hit the market. The new prices are in the $500-a-square-foot range, a bit--but not that much--lower than before. For example, Apartment 9C, a 1,095-square-foot two-bedroom, was listed last at $575,000 last fall; now it's asking $540,000. Similarly, Apartment 5A was $470,000 and is now $440,000. Think it'll be enough? As an extra incentive, we were told, the next three buyers who sign contracts will get a free parking space.
Development Watch: 892 Bergen Street [Brownstoner]
Development Watch: 892 Bergen Street [Brownstoner] GMAP P*Shark
Development Watch: 892 Bergen Street [Brownstoner] DOB



By Brownstoner at January 25, 2010 10:30 AM | Comments (11)

11 Comments

By nataliep on January 25, 2010 10:39 AM

I don't know. If it got down to the 420s, I think that would sweeten the situation, but it's not really close to any great trains.

By daveinbedstuy on January 25, 2010 11:28 AM

I wonder if the windows in all these new units are withstanding the driving rain we are now having!!!!!

By Expert Textpert on January 25, 2010 11:50 AM

"The new prices are in the $500-a-square-foot range,"

Stop the Bull$hit already, and price them as if you want to sell them.

By Roxy on January 25, 2010 12:08 PM

I've seen a few of these units. They were quite nice. Glad to see they are wising up and reducing prices overall.

By 11217 on January 25, 2010 1:57 PM

These seem absurdly overpriced to me.

By BSD on January 25, 2010 3:30 PM

A friend bought a 1000 sq.ft. place on the 26th floor of the Forte for $480k. That's a comp that makes me laugh at these prices.

By Heather on January 25, 2010 5:16 PM

Really? Hrm...

By gscully on January 25, 2010 7:26 PM

i just looked on SE, there are several units priced in the low 400psf range, 2d is a 1000 square foot 2 bed for 385,000 and it's probably on the 3rd floor since the parking is on the 1st floor. After you negotiate a bit, these aren't that badly priced and there's a methadone clinic a few doors down, if you need to kick your heroin habit.

By crazypants on January 26, 2010 2:25 PM

I maybe biased because I live a few blocks away, but the locale isn't bad at all. You're a little closer to the C train at Franklin, which is pretty solid during the workweek, although it gets goofy on weekends, as do most trains because of all the weekend track work. Over on Eastern Pkwy you got the 2,3,4,5, trains and the S shuttle to take you to either one if you're not up for walking the 5-7 blocks to the trains.

Then you have an Indian restaurant, a Japanese/Thai restaurant, a bakery, coffee joint and Franklin Park and a couple of other bars and one doesn't need to travel far from home to have a fun night out.

Free parking sweetens the deal.

By RestfulNative on January 28, 2010 1:51 PM

I went to the previous open house and reviewed the offering plan, originally they were asking an additional $25,000.00 for the parking spaces, which one could also sublet for additional income, which makes a free parking space a pretty sweet perk in addition to the newly discounted asking prices that one could negotiate down from.

I didn't see a Rehab Center but if one does exist nearby it doesn't worry me as those who frequent one are trying to change their lives for the better and have already reached their personal rock bottom. I have lived two blocks from the Brooklyn House of Detention off Smith Street for the past twelve years and haven't seen its presence have a negative effect on real-estate development or community safety. 892 Bergen is two blocks from the Park Place stop on the Franklin Ave. Shuttle which is an eight minute run from end to end ( four stops in total ). The Franklin shuttle is a dedicated line, it doesn't share its' tracks with any other train lines so major delays are virtually nonexistent. You can transfer to the A & C trains one stop away at Franklin or to the B & Q trains two stops away at Prospect Park. According to hopstop.com the building is a twenty minute walk ( 5-8 minute bike ride ) to Prospect Park, Botanical Garden, Brooklyn Museum, Public Library, Farmer's market, Eastern Athletic Health Club & Pool, and Vanderbilts or Washington Ave's developing restaurant & bar scene. For better or worse I think Franklin Ave. has the same potential for growth that Smith Street had twelve years ago. Me like.

By guest234 on February 2, 2010 2:53 PM

"A friend bought a 1000 sq.ft. place on the 26th floor of the Forte for $480k. That's a comp that makes me laugh at these prices."

Not a good comparison. I saw that same apartment in the Forte, and it is a floor plan disaster -- the apartment is curved, there are two enormous pillars crowding the living room, and there is definitely some "shady math" going on with the bedrooms.. e.g. if one side of the bedroom goes from 12 feet long to 8 feet long, and the other goes from 15 feet to 10, it would be a 12x15 bedroom according to them.

That said, $700 cc for this neighborhood is ridiculous. That would much the monthly cost to the point that you're probably better off buying at one of the new developments off of 4th avenue in PS.

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