Development Watch: Smith N Court, Part 2
Since we first discussed the development known as Smith N Court at 52 Dean Street, the building’s facade has changed color and most of the brickwork has been put into place. No price information has been added to the website so all we have to go on is the email tip we received back in…
Since we first discussed the development known as Smith N Court at 52 Dean Street, the building’s facade has changed color and most of the brickwork has been put into place. No price information has been added to the website so all we have to go on is the email tip we received back in April which said that the triplex townhouse was asking $2,725,000 and that the cheapest apartment was asking $610,000. The person who answered the phone at the sponsor’s office confirmed they were already in sales mode but no one ever got back to us to give us more color. Based on the floorplans (which are available on the website), the layouts look pretty nice. The two-bedrooms in particular (which range in size from just over 1,000 square feet to just under 1,600 square feet) have nice layouts. Other than that, we don’t have a lot to go on. Do you think this looks promising in general? Has anyone have more info on the pricing?
Homepage [Smith N Court] GMAP P*Shark DOB
Smith N Court Blows Its Load [Brownstoner]
Smith & Court Condos [Set Speed]
I went to see the units the first day that they open for sale. The units are nicely laid out and all units come with a storage space in the basement. Parking spaces for sale seem a bit high, but when you do the math, they are within reason and add to re-sale value. Overall the the developer is doing a nice job with finishes and several of the units are in contract
I went to see the units the first day that they open for sale. The units are nicely laid out and all units come with a storage space in the basement. Parking spaces are either $40K (uncovered) or $50K (covered). Overall the the developer is doing a nice job with finishes and several of the units are in contract
That block has so much traffic, from everyone coming down Brooklyn Bridge Blvd, it’s the first place to turn east. It is friggin’ NOISY. I hope these places have good insulation.
Crazy over priced units for noisy heavily commuted street.
Pushy obnoxious sales agent.
$70,000 for a parking spot is outrageous!
PM
Crazy over priced units for noisy heavily commuted street.
Pushy obnoxious sales agent.
70,000 for a parking spot is outrageous!
PM
yes, but often the case that there is a monthly CC and tax on the parking spot too. Don’t know specific of this offering though.
If parking costs $400 a month ($4,800 per year) that is enough to service $75K of mortgage (@6.50%), so you can make a case that the spot is worth it $70K.
I did the tour – space still very raw but good layouts and nice terraces in most units – parking price is plain crazy – and finishes didnt look great either from the display they had – no model was ready when I went a month ago
Looked at the ‘townhouse’ which is 2.725 + 70k for a parking space. Has a decent amount of outdoor space but feels boxed in (and due for more development other side of Dean St). Despite wall of windows all the way up from ‘basement terrace’ (which at least brings some natural light and ventilation in) a third of the space is below grade yet package is priced comparable to harbor views in 360 Furman. This unit also gets nailed for the highest common charges despite getting the least utility from what is budgeted for.