Wide Price Per Square Foot Range at OPP
Corcoran released the first ten apartments at On Prospect Park yesterday. While $1,200 a foot had been the number that had been bandied about for months, it was interesting to see some listings come in for far less. In fact this one bedroom is only priced at $900 a foot and it’s even got two…
Corcoran released the first ten apartments at On Prospect Park yesterday. While $1,200 a foot had been the number that had been bandied about for months, it was interesting to see some listings come in for far less. In fact this one bedroom is only priced at $900 a foot and it’s even got two bathrooms. On the other hand, some of the two bedrooms (like this one, for example) are upward of $1,400 a foot. We suspect that outdoor space and views are the swing factors.
Floorplan Porn: Meier’s On Prospect Park [Curbed]
On Prospect Park Listings [Corcoran]
Photo by Alex Terzich
I love all the tiny little minds that pollute this boring site.
4:21, sorry man but I have to disagree…
There are probably a surprising number of people in Brooklyn who do in fact know and care about Richard Meier and, for them, getting to own in one of his buildings is gaining membership into a very exclusive club.
It’s called “branding.”
These will sell, maybe even at the ask prices. If they were priced any lower the potential buyers might think something was amiss. You might think I’m crazy but there is a niche market for these types of offerings. same thing with the maintenance – if it were too low (i.e. normal) then potential purchasers would balk and think they were cutting corners with the concierge/doorman/management etc…these are for very wealthy people who have money to burn who really want to impress their guests. Or their potential girlfriends and/or boyfriends
(Hope I get invited to a party there someday.)
Oh, and in case you didn’t know, Brooklyn is now officially hipper than manhattan…
Isn’t it a well known fact that prices per square foot for townhouses are cheaper than condos/coops in manhattan. I’m a townhouse lover but I think new yorkers are apartment lovers otherwise townhouse prices would be through the roof. I don’t see many $10 million plus townshouses but there plenty of fancy coops in the city that demand higher prices than townhouses so I don’t think its crazy for a snazzy condo to demand premiums over townhouses. Granted most people moving from manhattan to brooklyn are looking for more space with a family and therefore townhouses should be more in demand but maybe that’s changing and people with or without kids are choosing brooklyn over manhattan. It should be interesting to watch.
Newswalk, One Hanson Place (Williamsburgh Bank Building) = AY construction horrors, views blocked by looming skyscrapers, regular invasions of ill-mannered basketball fans, etc.
Park Place = cheap, crappy construction to boot.
Naturally their prices are lower!
This is a fabulous location (apart from the traffic on Grand Army Plaza, sure to be made even worse if Ratnerville happens), and those views won’t be blocked (unless the city decides to allow greedy developers to build in Prospect Park!). The building looks good, and if the construction quality is even close to that of his West Village buildings, it will be great.
You can still get a big apartment in Greenwich Village for those prices and be within close walking distance of everything cool and fun.
It reminds me of the story The Emperor’s New Cloths — famous architect builds a big glass building and convinces people there’s more to it than just glass!
The point of paying the big bucks in NYC is to buy convenience. There’s nothing convenient about walking three blocks to buy milk and eggs when you’re paying 3 million for a 2000 square foot pad.
Sorry 3:58pm but you took the most expensive listing at 1 hanson and you compared it to the cheapest listing at 1PP and then you ignore the fact that even in a light most favorable to the broker – the actual sq footage is 200sq ft less at 1PP.
How far can you really take the famous Architect/Oh, it’s a Meier building argument? Do you think people in Oklahoma City care or have ever heard of Meier? I’m not suggesting that BK is Oklahoma City, but BK is certainly not Manhattan. People in BK are going to care a lot less about who the freakin’ architect is. That being said the base of people willing to buy these apartments is going to be a lot smaller. I can see some people from Manhattan moving out to BK, but are they going to make the treck to Grand Army Plaza? The area isn’t exactly the small jump over the river that makes BK Heights and Dumbo attractive to Manhattan commuters.
1 hanson 1166 sq ft $1.177m maint $1660
OPP = 1263 sq ft $1.2m maint $1500 approx.
Seems rather similar in price to me.
another comments:
These are not family apts. They are huge with big rooms, but convenience like home offices, dinning rooms are difficult to nicely put into the floorplans when you have two children and not having the bedrooms available.
Further I think Richard thought whoever pays that much for the apt and maint. they don’t have any money left for buying cloth and other stuff. The closet space seems small compared to the size if the apt.