Co-op of the Day: University Towers 2 Bedroom
University Towers is a three-building, 549-unit cooperative housing complex on the Fort Greene-Downtown Brooklyn border. Built as rental housing in the late ’50s for Long Island University faculty and staff, the group of buildings was converted to a moderate-income cooperative in 1989. At the time, prices ranged from $41,000 to $46,000 for studios; $67,000 to…
University Towers is a three-building, 549-unit cooperative housing complex on the Fort Greene-Downtown Brooklyn border. Built as rental housing in the late ’50s for Long Island University faculty and staff, the group of buildings was converted to a moderate-income cooperative in 1989. At the time, prices ranged from $41,000 to $46,000 for studios; $67,000 to $92,000 for one-bedrooms; $94,000 to $125,000 for two-bedrooms and $127,000 to $141,000 for three-bedrooms. Now there’s a, 1,100-square-foot two-bedroom for sale for $530,000. The apartment has been recently renovated, with a surprisingly decent job done on the kitchen and bathroom. As for comps, there were two apartments of undetermined size that sold in the high $500’s at the end of last year. What do people think of UT as a place to live in general, especially now that several luxury condos are springing up in the immediate vicinity?
University Towers 2 Bedroom [Craigslist] GMAP P*Shark
PERSPECTIVES: Downtown Brooklyn [NY Times]
Homepage [University Towers]
8.54:
seeing as you can’t spell the name of your own neighborhood your veracity is questionable.
“Incredible” place. Are you really that easily impressed. You sound like a cheerlader.
I have lived here for 4 years. Gun shots? Wrong place, wrong time. As with all of Fort Green, the area has gone through a massive transformation over the past 15 years. It is an incredible place to live for professionals with families.
I’m not the poster at 8:02..but that rumours been in place for years albeit stronger than ever now
anon at 8:02pm. Widespread rumors that they are about to be closed down. Really? Lower occupancy for ongoing renovations I had heard, but had not heard that comment.
Most of the comments regarding what the building/neighborhood was like 10 years ago, or even 5 years ago are irrelevant. I’ve been in the building for 8 years and (i) the building amenities have increased 10 fold (new laundry, BBQ Grills, Gym and a Roof Deck on the way) and (ii) the demographics have changed from mostly older and African American to largely younger, more young families (with children) and extremely diverse. In terms of the neighborhood, the projects across the street are down to about 20% occupancy (with wide spread rumours that they are about to be closed down) and no “gunshots”. Folks, this is 2007, not 1997.
isn’t this one of those “odd” little areas? a bit out of the way and not much in the way of services.
this is not a project. also, all comments about the streets outside the door are moot because within the next few years it will become drasticaly different and upscale.
For 6 months, I lived at Kingsview — another postwar coop development right across the street. OK, this was 1999, but the gunfire was frequent! Also, it’s just kinda bleak there with that crappy quasi-strip mall on Myrtle. FWIW, the Kingsview apts are better designed (much better windows/light) and the community there is very solid — if sometimes a little oppressive (there’s a very high “church lady” quotient). If I was looking for something similar now, I’d be more attracted to the Time Equities buildings on Clinton Ave. You get more of a mellow neighborhood vibe there. University Towers is right on the edge of downtown Brooklyn, so it’s hardly Fort Greene.
it is a project