Abort Mission at 393 Lefferts Avenue!
It’s not the first and it certainly won’t be the last, but the developer 393 Lefferts Avenue in Crown Heights Prospect Lefferts Gardens has put the partially-constructed seven-story building on the market. Asking price: $8,500,000. This comes out to an average price of $257,576 for each of the 33 apartments, or somewhere between $200 and…
It’s not the first and it certainly won’t be the last, but the developer 393 Lefferts Avenue in Crown Heights Prospect Lefferts Gardens has put the partially-constructed seven-story building on the market. Asking price: $8,500,000. This comes out to an average price of $257,576 for each of the 33 apartments, or somewhere between $200 and $250 per foot depending on which square footage estimate you believe. Granted we’re no experts on new construction pricing in Crown Heights, but this seems way too expensive to us for a project that is not even finished yet.
393 Lefferts Avenue for Sale [Dakota Realty] GMAP P*Shark
Whoops–Ebbets Field
I never heard of Abbots Field buckfast, but Ebbot’s Field, site of the present-day Ebbot’s Field Houses, was north of Empire Blvd. [and that Botanic Gardens brass strip], in Crown Heights–even though the press usually said it was in Flatbush.
so bob.ur saying Abbots Field PJs are not in CH?
Waiting for Sebb to say this is a great deal…
buckfast,
Although I’m not anxious to claim this POS for my neighborhood, PLG’s boundaries are Ocean Ave to New York Ave. and Empire Blvd. to Clarkson Ave. This doesn’t mean that some residents of the far eastern parts of the neighborhood won’t say they live in Crown Heights. PLG however is the northernmost tip of Flatbush. There’s a brass strip in the Botanic Garden showing the boundary between the old City of Brooklyn and the former Town of Flatbush. PLG is on the southern side of that line, Crown Heights is on the northern side.
If, for some reason you don’t like the Prospect-Lefferts Gardens name (which, after all, is only 40 years old) then it’s Flatbush, but certainly not Crown Heights.
looks like a 2 million dollar sale after a few years on the market…people just dont understand how bad it is going to get…
This developer could not have possibly put 8.5 million into this project but if they sold for half that as IB suggested, I am sure they would still make a profit. The staggered terraces is an indication that the building was probably going to be marketed to the growing Hasidic community. A prospective buyer could finish the project as a rental for low-income families, both Hasidic and anyone else who wants to live in decent housing.
get the hell outta here with that PLG bulls#*t.this is Crown Heights.ok?
I really don’t know how well this would do as rental either; the new building next door is renting out 2 BR, 2 baths for $1975/mo. with no brokers fee on a two-year lease, down from $2150, listed in October. Not exactly flying off the shelves.