No Luck on Luquer: New Condos Too Pricey
Over at 423 Smith, they’re bemoaning being priced out of a location that they thought was in reach: Mostly disappointed with the buildings going up in the neighborhood, I thought the condos going up on Luquer Street (between Smith and Court) to be acceptable and could see myself living there. And then I saw the…
Over at 423 Smith, they’re bemoaning being priced out of a location that they thought was in reach:
Mostly disappointed with the buildings going up in the neighborhood, I thought the condos going up on Luquer Street (between Smith and Court) to be acceptable and could see myself living there. And then I saw the prices! $1,095,000.00 for a 1 bedroom, 2 bath? Holy Jeebus! Granted, that’s the most expensive unit and you can get a 2 bedroom, 1 bath for $650,000.00 – but even that still seems ridiculous to me for this end of Carroll Gardens. Don’t get me wrong, I love all of Carroll Gardens and would gladly move from my Union Street apartment to Luquer (closer to work!) but I think I’d rather spend my 1 mil on a brownstone.
We agree with the sentiment, but unfortunately $1 million ain’t gonna go too far in the Carroll Gardens brownstone market either.
191 Luquer Street [Corcoran] GMAP
Luquer, Filthy Lucre [423 Smith]
From an architectural standpoint this is a much more interesting building than the one on 2nd place. That building feels like the typical boxy condo tower. This is much smaller and more unique.
Can’t remember who the developer is. There is a large board posted next to the building. It has all that info on it.
What’s most disappointing to me, besides the price, is how tiny the windows are in the bedrooms, and building’ss very close proximity to the elevated train track that are NOT soundless when the F or G train passes by. Much better designed modern building is currently being constructed on 2nd Place and Henry Street.
Over $1 million to access your tiny bedroom through the dining room or kitchen? or am I mis-reading the floorplans?
The $1,095,000 is almost 2000 sq. ft. That’s about $565.00 per sq. ft. Sounds decent to me, but I could be wrong.
the developers group couldnt sell them
These are really premium condos, not sure they are a good proxy for the general pricing in the neighborhood. I’ve seen the development and think that there is definitely a mark-up associated w/ the architecture/finishing.
Having been inside these Condos, I can say that they are some of the nicest new Condos I have seen in a long time. The architect really did a fantastic job.
wow, pricey, but for a million, you could buy “the owners portion” of a 3 family in CG … with probably more sq footage and upside, total price, say 1.5 million, with 2 1 bd apts, and owners duplex …. maintenance and taxes combined for this project would be about the same money as taxes and maintenance on a b’stone ….
of course you would have to come up with more down payment money .. but isn’t that what mom and dad are for? or maybe a sub prime 2nd