Condo Alert: The Lofts on Dekalb
The Lofts on Dekalb is a 32-unit complex spanning three buildings between Tompkins and Throop. At this point, the developer has seven units left; in addition, an initial buyer is selling her place before ever moving in. While we’re not seeing a whole lot of charm, it is a fair amount of space for the…
The Lofts on Dekalb is a 32-unit complex spanning three buildings between Tompkins and Throop. At this point, the developer has seven units left; in addition, an initial buyer is selling her place before ever moving in. While we’re not seeing a whole lot of charm, it is a fair amount of space for the money. The resale unit (which is having an open house on Sunday from 12:30 to 2), for example, is $595,000 for 1,838 square feet. Not bad. The units available from the developer aren’t as cheap on a per square foot basis but do have outdoor space and signature Scarano mezzanines.
Lofts on Dekalb [Corcoran] GMAP
800 Dekalb, #C2 [Corcoran]
Huh! 3:35 – I live in the neighborhood and I am aware of that fact, but in the end developers don’t care who or what as long as you can pay! Look at the case of the 94 yr. old man being evicted in Carroll Gardens! Corcoran would never have come into the area (nor Harlem) if there wasn’t $$$$ to be made. And still there are many in the neighborhood who dream of homeownership only to be duped into buying overpriced, sub-quality housing from smaller developers. And there is no place for them to go for help! As you already know from the info on this site, the city has done nothing about these kind of developers. Speaking of the non-existence of food stores, I was surprized to find out that the few restaurants (other than chicken and Chinese joints) only open from Thur -Sat/Sun. That’s a community development issue. I’m saying that we need to be proactive as a community in order to addressed this and the quality of life issues in the neighborhood. If not us, then who?? FYI: I’m bedstyliving.
when the ping pong building on classon and clifton place were built, people thought it was nuts to pay that much for an apartment. that first wave made off like bandits. that part of BS is very bad. this is true. but so was classon and clifton place 20 years ago. it still isn’t great, but it’s so mcuh better. like 145% better. how does a neighborhood change without people taking a chance? that being said, the prices are too high. not to worry though, they will, necessarily, be lowered.
You’re welcome but like you said deuschbag at 200k and then up. Listen dude, to start in the game at low price is one thing but to come into a ghetto neighborhood and ask for 550k is whole other thing. If there was at least one place to eat, maybe a coffee shop or a bar or even a train that went into Manhattan 500 would seem a bit high but worth it. Right now that is too much money to invest in a place like this,and I actually live here. Moved from Red Hook too where it was happening and now it’s happened.
At least the commenters on this site are equal oppurtunity haters. Most of the comments on this topic have been negative. Most of the post on the”State Street Properties” are equally negative.
I like both these developements. They are at different price stratas, They are both overpriced, BUT the are BOTH significant improvements to what was there prior.
Basically, you MF’s have no vision. Time will tell if these projects will be advantageous to the eventual buyers. I suspect they will if the future owner are thinking long term.
And I’m not a Broker, just a guy with vision who sold many of your ilk Browstones for $350K,$450K ,$550K+++….When I was getting them for sub $200K and they were just considered “Ghetto properties”.
Thank You, for your lack of foresight.
I work right around the corner from this building in a housing program for special needs clients. There is absolutely nowhere within comfortable walking distance to buy anything to eat at all. Well, I shouldn’t be so harsh — Rocco’s Pizza at DeKalb and Tompkins is decent. But that’s absolutely it. For a brief while there was a Caribbean food place, but they closed up after being robbed. I bring my lunch every day (or eat pizza).
This part of Bed Stuy is really devastated — tons of vacant lots, falling down wood frames, some run down four story apartment buildings, and a very active drug trade. There is new construction but other than this place it’s all of the small two-story two-family tiny windows variety. Coming to work here from my nabe (ungentrified Sunset Park), I was struck by the depopulation and the complete lack of commerce (of the legal variety). I don’t know the history of this particular part of Bed Stuy, but it looks like it never had good housing stock to begin with, and my guess is that a bunch of it was torched in the 70s. It’s a popular destination for supportive housing programs, I guess because the property was cheap enough for non-profits to pick up — I know of two others within a block in each direction of my building.
What’s odd and troublesome about this condo development is how far out of reach these apartments are for the working people who do live around here, like the people who are buying the two families.
The upside is that you’ll always be able to find a parking spot! The few people around here who can afford a car park them behind gates in their driveways.
You’re going overboard 3:28 and taking things out of context. The matter here is that yes there is a new building (good thing) but the developer is the one who doesn’t care about the neighborhood, because this building is not built for this neighborhood. If it was – someone who lives in this neighborhood might be able to afford it.
It’s for somebody outside of the neighborhood to come in and spend way too much money to live in this neighborhood which at this point in time is a major rip-off. Sorry to say, but it is.
Boy, I’m glad I don’t live with some of you – such optimism! You could have a little respect for those of us who do live there – we are hardworking and trying to make a life just like anyone else living in this borough. If the neighborhood is such a **%$ as you said it is (and you live there), lets get together and do something to turn it around?? Oh what was that! I didn’t hear you. As always these conversations turn out to be bashing, rather than solutions and its not worth a dime either!
“If you’re so worried about traffic congestion, then why not give up your car?”
STFU Hippie.
2:41 exactly. I’m sick of developers shooting for the fences and ripping people off. And yes, anything over 300k for this neighborhood is a rip off.