Park Place Condos? Not For You, Old Chap
Blogger Englishman in New York berates himself for even considering the idea of buying into Park Slope’s newest development, the 8-story Park Place Condominium at 145 Park Place: You’ll probably think us naive for even entertaining the notion that we could have afforded the tiniest corner of this building. But I think that we did….
Blogger Englishman in New York berates himself for even considering the idea of buying into Park Slope’s newest development, the 8-story Park Place Condominium at 145 Park Place:
You’ll probably think us naive for even entertaining the notion that we could have afforded the tiniest corner of this building. But I think that we did. That was until we saw that prices start at $715,500 for a 1,000 sq ft, one bed apartment. We left very soon afterwards.
Of particular interest is the price list EMIY swiped from the sales office this weekend and scanned onto his blog. Looks to us like prices range from about $700 to $900 per square foot.
A Hasty Exit [Englishman In New York]
New Dimension In Living [Park Place Brooklyn] GMAP
other than the least expensive units, these are still not selling…and i have heard of buyers backing out due to delays and problems. and why no open-houses here in months?
the last time Corcoran had the prices online for the Park Place condos, the cheapest had gone from 715000 to 645000
How come no one offers preconstruction pricing like they do in Florida? Seems like a lot of these condo buildings would be half sold by the time they were finished.Just a thought. That place on park place is ugly inside..Does this mean my brwnstone on park is worth $900 a square foot?? If it does I am leaving town for my Wexler in palm springs..
The thing I want to know is what type of abacus is Corcran using to figure out sq ft. Their floorplans dont match the totals they are citing – shockingly (not) the totals are way higher than you’ll get with a standard calculator – maybe the building has 4ft thick walls
Prospect Park 1/2 mile away from this condo development? You obviously spend more time in a care than on the street. From this development, PP is a five-minute walk.
BTW, sound proof windows are great in the cold weather but what about when you want to open your windows for some fresh air. Oh wait, fresh air off Flatbush Ave? Nevermind.
By “park a block away” I hope the poster means parking a car cuz prospect park is probably 1/2mile away. $715G for a 1br in that place? I know you can’t see me but I’m rolling on the floor laughing.
I actually went there and saw the place a while ago. Prices haven’t gone up or dropped — they have stayed the same for some time.
The reason they are not selling in my opinion is simple — crappy cheap construction evident throughout.
First hint — they say the appliances are GE profile. If you go there, take a look at the range in the model suite. Does it say “Profile” on it? No. It is in fact the cheapest $600 model available at home depot.
Second hint — Take a look inside the kitchen cabinetry. Do these look like the sort of shelves that will last a lifetime? No.
Then you get to the bathroom, where, in order to give the illusion of a quality tiled bathroom, they simply put a border of tiles (but no actual tiles) on the walls — really looks quite cheap.
If they did that with the finishings, what kind of choices do you think they made in the construction?
That is the reason they are not selling.
Otherwise, I would be in there in a hearbeat. I think the location is fantastic — trains downstairs, park a block away, 7th avenue right there. It’s not the location guys — it’s that if you want to sell luxury, you need to have luxury to sell.
Re: Anonymous at 10:46 AM
That place on 7th Street and Fourth Ave (featured on Brownstoner in late July) is my favorite market indicator. $1.7 million for a 3 bedroom (ha!) in July. Reduced to around $1.4m, if I remember correctly, around November. Just checked their site and it’s at $1.25 million now. So far, it’s dropped 26.5 percent. And it still had a way to go, in my opinion.
They’ve also updated the photos on the Corcoran site, to show more of the interior. And it’s ugly!