$2,000 a Foot in Gravesend? You Betcha
A new development called The Venetian going up on Avenue P in Gravesend is a rather not-so-subtle reminder that not everyone covets the brownstone aesthetic. The fellow who brought it to our attention claims that apartments at the over-the-top residence are selling for between $700 and $1,500 a foot. Our tipster also notes that Sitt…
A new development called The Venetian going up on Avenue P in Gravesend is a rather not-so-subtle reminder that not everyone covets the brownstone aesthetic. The fellow who brought it to our attention claims that apartments at the over-the-top residence are selling for between $700 and $1,500 a foot. Our tipster also notes that Sitt Asset Management, the company that is behind the Venetian, also has assembled another two sites nearby, one on Avenue U, and the other on Ocean Parkway and R. The Ocean Parkway project reportedly will be even more luxe, with per square foot estimates in the $1,300 to $2,000 range. In what is sure to elicit accusations of narrowmindedness and provincialism (heck, given some recent threads someone will probably find a way to call us sexist or racist), we’ll go out on a limb and say that we didn’t know that there were that many folks in Gravesend packing this kind of buying power. Different strokes for different folks.
The Venetian [431 Avenue P] GMAP
Introduction [Venetian Plaza]
This building fits in with the architecture of the newly built private homes/mansions in the area. They are similar to mansions seen in westchester,lons island,new jersey or connecticut, but with less acreage. (I am not talking about manhattan beach). Not everyone wants to live in a stupid brownstone. There is life outside of brownstone brooklyn.
Oceana is a crappy development (notwithstanding the artistic renderings) and there is no reason to think that this one will be any better.
But again I reiterate my original point which is that these prices are not too bad when your bizness pays no taxes and leaves the rest of us to cover the bills.
What I find more intriguing is that Mark Scotto (Buddy’s son) is one of the sales agents. There was a rumor floating around CG that one of the new condo developments along the shores of the canal was to be called the Venetian.
Most ‘cultured’ Russians with a hankering for Peterhoff or Hermitage wouldn’t be cought dead in a monstrosity like this (or Oceana, for that matter). They are likely to be found on UES.
The nouveau riche will certainly flock to this, though. Ugh…
Watch my language? What are you, the FCC? This is radio free Brooklyn here DELETED. We are all adults and I can be crass and swear if it pleases me. Get over it.
Brownstones in Park Slope, Brooklyn Heights, Clinton Hill, Williamsburg and even Bed/Stuy could very easily go for $16M some day. Comparable houses in Manhattan sometimes go for that much.
These neighborhoods of Brooklyn are quickly becoming part of Manhattan in terms of who lives in them and what services they provide. How long can it continue that prices in Brooklyn will be so much lower than those in Manhattan?
There is big, big money in Southern Brooklyn. Lots of people don’t want to live in Park Slope, so they (and their money) go elsewhere.
Please watch your language, 1:35 pm.
Yes, there is a lot of money in South Brooklyn. Drive around Midwood and you will find many McMansions, as well as in Dyker Heights and, or course, Manhattan Beach. I wouldn’t say any of these communities are particularly receptive to outsiders, however.
Umm… When will a Park Slope or even a Brooklyn Heights house cost $16 million? Think about it DELETED, there are real lots to build on in Manhattan / Bergen Beach. No one is going to spend $16 million to build a house on a 20×100 or 25×100 lot.