Greenwood Hill View-Killer In The Works?
We first looked at the Greenwood Hill Condos on 23rd Street in Greenwood Heights back in 2007 and gave them points for at least trying to be contextual (while doubting the appetite for $600,000 one-bedrooms in the area). Since then, only 19 out of 32 units in the four-building complex have been spoken for. That…
We first looked at the Greenwood Hill Condos on 23rd Street in Greenwood Heights back in 2007 and gave them points for at least trying to be contextual (while doubting the appetite for $600,000 one-bedrooms in the area). Since then, only 19 out of 32 units in the four-building complex have been spoken for. That hasn’t dampened the developers’ enthusiasm for the location however. Back in July, they picked up the modest frame house at 312 23rd Street, next door to their original project, for a reported $925,000 (see ACRIS). So far, they’ve completed the asbestos abatement (hence the log cabin look for what was once white-shingled building) and demo, we hear, is slated for October. We’re not sure how big a building is in the works since nothing’s been filed but feel sorry for those buyers of Greenwood Hill units who views over 312’s back yard of NYC and the Statue of Liberty could be hurt by a new development on the site. Update: Speaking of real estate south of the slope, check out the puff piece in today’s NY Post.
Listings [Greenwood Hill] GMAP
320-321 23rd Street [Streeteasy]
313-314 23rd Street [Streeteasy]
Frank Castelluccio’s Listings [Corcoran]
New Development: Greenwood Hill Condos [Brownstoner]
Condo Buyers Not Biting in Greenwood Heights [Brownstoner]
Is anybody actually buying South Slope condos? They don’t seem to be flying off the proverbial shelves at any of the various new developments.
guest 1:46pm
Guess everyone is becoming a more educated consumer, trial by fire unfortunately.
Who the heck knew the zoning issues in South park Slope before moving there, as an example, if you were not a developer, builder or worked for DOB or CPC.
With the demographic leaning towards young-first time buyers, I bet we see a lot more of this going on. Unless they start reading this blog, LOL.
Brenda from Flatbush – That was great.I nearly passed hummous through my nose.
Anyhoo, I’ve walked past this building a couple of times and it looks craptacular. One of the weirder features of the street-level units is the skylight that is open to the subterranean “rec room.” It’s right at passerby peep-down level.
And yeah, what’s up with the floor plans? I’m not seeing any closets at all.
Action: To follow up on what you wrote, if someone’s willing to pay big bucks for a view that might be obscured very soon after purchase, then I say that this buyer deserved what he/she got. Maybe that’s why people weren’t buying here at the July ’07 prices. The developer clearly priced these places as if they have a nice view, but also clearly stated that this view might go away. Seems like many people WEREN’T foolish enough to buy into the scam.
Is this in Queens?
Yes, when I see poor little houses next door to new developments it always reminds me of the Bugs Bunny episode where he didn’t want to give up his hole so the big skyscraper was built around it.
It’s especially comical when you consider you can get a whole house 50 blocks south for an extra $200K.
I’m sorry, but if I have to take a car to get to the fun stuff in Park Slope, I might as well live an extra 10 minute drive away.
The square footage is deceiving. There are no closets in any of the rooms, so factor that into space lost. Very small for the price and location.
Poor sweet little log-cabin house. Reminds me of Anna-Nicole’s baby: so small, so highly valued as an estate asset, so doomed by her greedy handlers.