Park Slope

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We’re unfamiliar with the building but judging from recent sales in the building, the owner of this 2,200-square-foot ground-floor duplex is stretching by asking $1,950,000. By comparison, Apartment 1E traded at about $680 per square foot less than a year ago. Granted, its a lot of space, but it’s only a two-bedroom so it’s not going to meet many families’ needs. Even giving the seller the benefit of the doubt for the the “high end” kitchen and bathrooms, an almost 50% per-square-foot hike during a shaky period for the market overall seems out-of-touch with reality. Anybody seen it?
11 Sterling Place, #1B [Citi-Habitats] GMAP P*Shark
Photo by Kate Leonova for Property Shark

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As long as we’re on the topic of expensive Union Street condos, it’s probably worth taking a gander at the mini-palace atop the aspirationally-named Shinnecock in Park Slope. This is the smaller of two penthouses atop the new (2004?) highrise between Prospect Park West and 8th Avenue. The asking price of $2,350,000 is almost a 50% hike over what the current owner paid back in March 2005. This wouldn’t be the first time someone paid $1,000 a foot in this neighborhood (someone paid $950 a foot last summer for a place on the 12th floor) and to be fair the views and loftiness of the apartment are very nice. Kitchen looks a little shlubby for this price point though. Waddya think?
Union Street Penthouse [Corcoran] GMAP P*Shark
Building photo by Kate Leonova for Property Shark

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BROOKLYN COLLEGE AREA $610,000
2787 Bedford Avenue
4-bedroom, 1.5-bath, 77-year-old attached brick-sided house; dining room, renovated kitchen and bath, living room with bay windows, semifinished basement; 18-by-100-ft. lot; taxes $2,386; listed at $649,000, 4 weeks on market. Broker: Mary Kay Gallagher.
See the old listing here.

BROOKLYN HEIGHTS $325,000
75 Henry Street
600-sq.-ft alcove studio in a postwar building; 24-hr. doormen; maintenance $518, 65% tax deductible; listed at $345,000, 21 weeks on market. Broker: Corcoran Group Brooklyn.

PARK SLOPE $890,000
306 Second Street (Cityview Gardens)
3-bedroom, 2-bath, 1,339-sq.-ft. condo in a newly constructed building; dining area, eat-in kitchen; terrace; gym in building; common charge $240; taxes $864 (abated); listed at $899,000, 3 weeks on market. Broker: Aguayo & Huebener.

From the print edition of yesterday’s New York Times.

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What do people think of this place on 7th Street? The kitchen and floors look nice but the bathroom’s a little too much for us. While we’d need to see a pic of the facade to weigh in fully, this two bedroom looks to be a much better deal at $575,000 than some of the similarly priced one bedrooms we’ve looked at in Greenwood Heights over the past couple of days, wouldn’t you agree? And, btw, there’s an open house this weekend on Sunday from 12 to 2.
Available Units [Brooklyn Properties] GMAP
211 23rd Street: Livin’ La Vida Scarano [Brownstoner]
New Development: Greenwood Hill Condos [Brownstoner]

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There are no photos up and no text, but Brown Harris Stevens is already teeing up listings at the Sterling Place crash site condos which are being called The Vermeil. There’s been a sign on the building for the last week or so as well. Right now they’ve got a 1,927-square-foot place listed for $985,000. Any other info?
Sterling Place Condominium [Brown Harris Stevens] GMAP
Sterling Place Crash Site Shaping Up Nicely [Brownstoner]
Developments Rising at Sterling Place Crash Site [Brownstoner]

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Since we’re about the only publication in town who hasn’t written about writer Douglas Rushkoff’s Christmas eve mugging outside his Park Slope apartment and subsequent decision to leave (and, along with his wife, to write about leaving) Brooklyn, we might as well throw it out there. His wife now famously wrote that she felt safer in the East Village in the 1980s that she does in Park Slope today, which sounded kind of silly until her hubby clarified that this was only because they knew the drug dealers in the East Village. We got a call from a reporter a couple of days ago asking whether we thought the incident would have a negative effect on real estate prices. In short? No. In long? No, no, no. The Rushkoffs decision to leave was an emotional, albeit understandable, one. Unless the entire city enters a 1970s-like downward spiral, we’re pretty sure Park Slope will be just fine.
Do You Care If the Rushkoffs Leave Brooklyn? [New York Magazine]
On Leaving Brooklyn [Steven Berlin Johnson]
The Rushkoffs’ original blog posts are no longer available online.

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We’re going to need some help on this one. We snapped a photo of 9 Prospect Place simply based on its interest as an architectural curiosity. When we went to look it up on Property Shark, we noticed that one of the names that pops up in association with the property in recent years is none other than Charles Schumer. He filed a UCC1 for what was at the time, we believe, a two-unit co-op. Someone else filed a permit to build the rooftop extension back in 2005–and is still plugging away at it. So what’s the scoop? Is this where Schumer lives? Was it just an investment? And what do you think of the design? GMAP P*Shark

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After being bought for $1,425,000 back in the Summer of 2004, this brownstone at 932 President Street has been converted into four condominium units ranging in price from $700,00 to $1,190,000. If the seller gets his asking prices, he’ll gross just over $3.6 million. Of the difference between the selling price and what he paid for it, how much do you think will be profit and how much renovation and finance costs? Of course, whether the developer will get anywhere near the askind prices is a whole ‘nuther question. The renovation definitely preserved some nice original details (and the location is fabulous), but without seeing floorplans it’s pretty hard to say whether these things are realistically priced. Anyone seen ’em yet? There’s an open house on Sunday from 11 to 1.
932 President Street, Multiple Units [Warren Lewis] GMAP P*Shark
Photo by Kate Leonova from Property Shark