Condo Boom Around McCarren Park
Lots of pricing details were included in Sunday’s NY Post article on the area around McCarren Park in Greenpoint, oops, we mean SoHo. (“It’s going to be a hub,” says developer Anthony Gurino. “It’s going to be a second Manhattan, a SoHo.”) 49-61 Engert Avenue: Traditional two-bedroom units from $649,000, two-bedroom garden duplexes from $725,000…
Lots of pricing details were included in Sunday’s NY Post article on the area around McCarren Park in Greenpoint, oops, we mean SoHo. (“It’s going to be a hub,” says developer Anthony Gurino. “It’s going to be a second Manhattan, a SoHo.”)
49-61 Engert Avenue: Traditional two-bedroom units from $649,000, two-bedroom garden duplexes from $725,000 and three-bedroom penthouse units starting at $955,000. Slated for occupancy in December, the building has already sold 19 of its 24 units.
510 Manhattan Avenue: 32-unit luxury building, also being developed by Tahoe, with 28 two-bedroom rentals ($2,500 a month) and four duplex penthouse condos ($1.2 million each), scheduled for occupancy in the fall of 2006.
297 Driggs: The building features one-bedroom units starting at $569,000 and two-bedrooms with private outdoor space going for up to $1.1 million. Twelve of the 14 apartments will have balconies overlooking McCarren Park.
610 Union Avenue:19-unit building of one-bedroom apartments. With upscale features like 16-foot ceilings, granite countertops and private terraces, units will start at $569,000 and top out at around $800,000.
50 Bayard: 58-unit warehouse conversion slated to come to market in late 2005 or early 2006. Designed by Andres Escobar, the development features one- and two-bedroom units, plus four penthouses enclosed in four glass-and-steel stories added onto the top of the structure. The building will feature parking and a doorman and concierge.
McCarren Park Area Booming [NY Post]
Breaking $1,000 psf in Greenpoint [Brownstoner]
McCarren Park Development 3 [Brownstoner]
McCarren Park Photo by Jesse Ultra
What's Your Take? Leave a Comment
Malymis – that’s McGoldrick Park, and it is very nice. On the down side, its also closer to the sewage plant, which does (still) stink. But McGoldrick is a special place, if you can get a parkside house. Remincscent of St. Johns park (once upon a time) in Tribeca, or Gramercy Park (which is obviously in a different league).
As for the plant, it will soon look a lot nicer, with its tiled “digester eggs” and all. And it will be covered, which a) will be less stinky (no massive vats of open air sewage) and b) was actually planned and implemented long before there was rezoning or a real estate boom in Greenpoint.
And yeah, McCarren is a dustbowl. It will probably get better, as a result of money promised from the rezoning (none of which has yet to appear). On the other hand, prospective buyers may want to look at a) the Parks Dept RFP for a concert venue at McCarren Pool (6,000 people, a few times a month), and b) the ongoing lawsuits regarding the Mobil spill and other interesting puddles known to exist under some of these parkside developments.
And proximity to the G train should NOT be a selling point for luxury condo living!!
There is much nicer park on the other side of McGuinnes. I dont know the name but it is Betwween Nassau and Driggs on Russell street.
It is much smaller but so much nicer and the whole area is better.
If i have to live in G-Point I would move there.
This park is kid of secret place, probably becouse this area is far from subway
i love mccarren park.
I live in Greenpoint and actually love it. It is kind of dirty and ugly but also has a lot of charm. That said, the reason I live here is I rent a 1250 sq ft apt for $1300. If I had 800K to drop on an apartment I would do it far far from McCarren Park. Seriously, these prices seem obsurd. You can currently by a 3,000sf 3 unit building for the price of one of these 2 bedroom apts. Hipsters have their parents money to drive up rentals around Bedford, but when it comes to dropping one million on an apartment, higher end buyers will not be impressed with the McCarren Park area.
I use regularly the park, although I live 15 blocks away, and I love that neighborhood, the park, and SOME of the buildings that are going up there, so I think it IS worth to take a look there if you look to buy now.
I think Curbed reported recently that there’s work going on at the sewage treatment plant so that it won’t smell as bad — probably because people with million-dollar condos don’t figure poop smell should come with the deal.
In all seriousness, I just moved out of Greenpoint (to Cobble Hill) after many years there, and the psychic relief of getting out is much bigger than I even anticipated. I realize that I almost felt trapped in my apartment. Nowhere to go outside for a stroll or to sit and relax without being accosted by dirt, congestion, garbage, noise, smell…
It’s like this: Would you rather work at 37th and 7th, or across from Central Park? I appreciate that some want to consider it a “burgeoning” neighborhood, and yeah, Williamsburg has a lot of restaurants now, but there are things there that cannot be fixed: Horrible housing stock, intense overcrowding, chemical pollution, soot and dirt from being in the crotch of the BQE, LIE and Midtown Tunnel, etc. If I had 800K to drop on a condo, I’d be awfully skeptical. Take a look around!
sewage plant can never be rendered less stinky. i lived on bayard street. funny that i thought the area was cool then with the abandoned pool area and funky industrial bldngs and italian clubhouse on the corner. i’m sure i will hate it when the developers are done sterilizing everything and running out all the things that make a place unique. then add the new stock of tennants forecasted and it will be painful to even think about.
That last annonymous was mine.
Another thought…We went right by the sewage plant on Greenpoint av yesterday on our way to eat and there’s been some major construction going on at the plant. To render it less stinky? To increase capacity? I dunno, but it didn’t smell like it used to and yesterday was a warm day.