Condo of the Day: 306 2nd Street, Apt. 2F
How far has the market between 4th and 5th Avenues in Park Slope moved up in the last three years? According to the seller of Apartment 2F at 316 2nd Street, more than 60 percent. Back in early 2005, the seller paid $670,000 for a 1,310-square-foot apartment in the newly constructed building. It’s now back…
How far has the market between 4th and 5th Avenues in Park Slope moved up in the last three years? According to the seller of Apartment 2F at 316 2nd Street, more than 60 percent. Back in early 2005, the seller paid $670,000 for a 1,310-square-foot apartment in the newly constructed building. It’s now back on the market for $1,095,000. Since the high price certainly can’t be being driven by the aesthetics of the building’s exterior (yuck!), all we can guess is that the seller’s banking on the fact that there’s great demand for “family-sized” apartments in the Slope. (To be fair, the interior looks perfectly nice.) Since this has three real bedrooms, it certainly qualifies. Or maybe it’s just the first example of the Olive Garden premium! Either way, there’s an open house on Sunday from 2 to 4 pm.
316 2nd Street [Corcoran] GMAP P*Shark
honestly, it is a charmless block. I bet you can hear your neighbors choice in television through the walls. The 421a abatement might be ok for you but what about the person buying it off you, in 5 years or so? You can definitely find a 3 bedroom floor-thru with charming detail for $1m on a higher block.. so why get this place again?
In fact, you can get the same sq footage in an elevator co-op on prospect park west for under a million, in ps107 as well (321 isn’t the only good school now).
Why anyone would pay over 800k for this stuff, thrown up in a hurry a few years ago, is beyond me.
what would this rent for — $3500/month? If that’s right, it would seem like the price should be around $600k max.
hey anon 125, you crack me up. you’re probably right, so you better keep renting.
550K is my offer. The market is set for significant declines by 2010, although this place should hold up better than Clinton Hill or Bushwick.
Insane – 1.09M and this condo is surrounded by garbage!
4th ave is still disgusting and not getting any better with those horrendous looking towers and at 5th you got drunks coming out of Loki and drug dealing and ‘hanging’ out all over the place.
No thanks – I’d rather buy a whole house in Kennsington for similar money.
have friends in building, really crappy construction, worse than usual
Sexy chandelier, though!
Its $835 a sq ft in PS 321 with a private elevator, outdoor space, and low taxes and maintainace – they should get close to asking – that is where the market is right now.
Comments regarding the construction methods are stupid, since all new buildings are built using similar construction techniques (and again this is within the market for new condos near by). Only issue is how far is it from 4th Ave and the construction zone at end of block and how long before some new tower blocks the supposed NYC “views”
agreed… no way in hell that place has almost doubled in value over 2 years. i understand (via yesterday’s NYT) that the NYC luxury market is apparently experiencing different dynamics than the housing market in the rest of the country, but this place is not luxe.