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
Soundproof windows.
What do you think buildings in Manhattan do to reduce traffic noise. I worked in times square the noisest place on earth and I could hear anything.
I good friend of mine has a cheap rent stabilized one bedroom apartment a block away, also on Flatbush, and he’s can’t wait to move off that noisy street.
That section of Flatbush has come a long way in the last five years in terms of safety and restaurants, but it’s still noisy as hell.
My humble opinion is that those apartment prices will have to be cut by at least a third before anything remotely sells.
Here’s what I don’t get: for $715k you can get a 2 bedroom, 1000 sq ft apt in any neighborhood in Brooklyn. Maybe not 100% “done”, but a nice place. Wouldn’t you rather be in Brooklyn Heights or a nice block in Ft Greene or Carroll Gardens then at 145 Park Place?
And speaking of not selling, it looks the really expensive seventh street place between 4th and 4rd Ave has only sold one place, and after two (?) price drops
This is on Flatbush and I can’t imagine paying that much money to live above one of the most endlessly traffic-snarled roads in Brooklyn. But that’s just me.
Plan still not effective at 505 Court St. Current residents holding out for insider pricing (as well they should!). Otherwise a great location and fabulous spaces.
I looked at this development several months ago, and I’ve been watching the listings on Corcoran. As far as I can tell none of the listing have gone into contract. I don’t even think they’ve released all the units for sale. The sales agent told me at the time that more would be released as these sold. Here’s the listings on Corcoran:
http://www.corcoran.com/property/nd/index.asp?p=2&BDD=Y
While we’re (or at least I’m) on the subject what’s up with Court Street Lofts. It looks like those aren’t selling either. Same listings have been up for months and nothing has sold (again at least as far as I can tell…)
http://www.corcoran.com/property/nd/index.asp?p=2&BDD=Y
Isn’t this building right on Flatbush?
Are these selling at all?