park slope is more expensive than tribeca
I think that park slope, particularly 321 district, is now more expensive per square foot than tribeca, upper west side, or the east village. Take this listing “158 Chambers Street Penthouse Unique 1800 s/f Duplex Penthouse in quiet walkup building. Open kitchen, windowed bath, brick, beams, high ceilings, hardwood floors. North & South exposures, 2…
I think that park slope, particularly 321 district, is now more expensive per square foot than tribeca, upper west side, or the east village.
Take this listing
“158 Chambers Street Penthouse
Unique 1800 s/f Duplex Penthouse in quiet walkup building. Open kitchen, windowed bath, brick, beams, high ceilings, hardwood floors. North & South exposures, 2 beautiful private outdoor spaces.
Topped off with a glassed atrium ceiling!”
pics: http://tinyurl.com/2qobk9
A 1800 sq ft upper duplex in park slope, with outdoor space and skylights and warehouse feel, would ABSOLUTELY be marketed by corcoran for more than 1.5m.
Or this listing
http://tinyurl.com/363run
upper east side, 1250 sq ft, for 1.2m?
yes, the condos in the slope at this size are going for this price.
And yet a lot of NYC buyers are still scared of brooklyn, and the distance from union square. When they figure it out, I think the slope could well become more pricey than greenwich village or soho, and a lot of the reasons that we all like to live in brooklyn (peace, local feel) will be eroded and within years, gone completely.
I’m sorry the idea about moving to Brooklyn was that your dollar went twice as far. Otherwise, why be in Brooklyn. You still have only one great muiseum, one and a half great libraries. Indeed
sorry y’all, but Tribeca was recently on a list of the priciest real estate zip codes in the country. Park Slope isn’t even close.
http://realestate.msn.com/buying/Articleforbes.aspx?cp-documentid=442496
park slope is nyc…i think you mean “manhattan”…
nyc has got a far deeper (well, higher) range of properties than the slope, for sure. In other words, stock starts at 900psf in nyc and goes all the way up to whatever .. 4000psf or crazy numbers. But the slope overlaps it now. Maybe 800psf to 1200psf, which was my original point in making this topic.
It is startling, really. I guess the best parts of brooklyn will never challenge the high net worth individual nests in nyc, but the median must be getting there..
Just sold my UWS 2 BR (1250 SF) for 1.8M. It’s located in PS 199, the best school district in the neigborhood. The Slope may get there, but it’s not there yet.
Well, not really!
That penthouse in Tribeca is essentially a studio apartment. It has one bedroom in an open layout. Those don’t fly in Brooklyn because Brooklyn buyers often have children. If you need to buy an actual, real, 2 bedroom or 3 bedroom place in Tribeca trust me you’ll be spending millions. Also monthly maintenance fees are higher in Manhattan. The maintenance in Tribeca on Chambers is over $2,000 a month.
For families who are looking for SPACE, Brooklyn is still the best buy. Compare to their listing at 38 Warren Street, that’s more like what one would compare a brownstone to. It has 3 bedrooms, 2 baths but less space than a brownstone and no outdoor space. Warren Street is priced at $3,650,000 with nearly $3,000 per month in condo fees and property taxes.
And as we know there are really nice brownstones in good neighborhoods for $2,000,000. Half the investment you’d put into Warren Street. Not to so I don’t like Tribeca, because if I could afford to live there I would!
Park Slope is getting more expensive than itself even. Consider this listing on the Warren Lewis website:
http://www.warrenlewis.com/cgi-bin/re/re_show.pl?re_command=show&ID=5368
This house has been on the market for a year, listed at 2,250,000 and the asking price was raised just this week. Isn’t that special? Do you feel like the market is running away without you now? Good, because that’s the general idea.
Not suggesting that either price is high, low, or otherwise, as it’s worth what someone will pay at any given time. However, raising the price at this point in time is entertaining and gives us something to talk about.
It’s getting there, I think you are right. You can get deals now on the Upper East Side and Sutton Place (there you have to generally put up 50%) and brownstone Brooklyn is now fully priced, I think. There are deals, but not in Park Slope or Cobble Hill, soon to be followed by Fort Greene and Clinton Hill. I am astounded at Brooklyn prices.