Lots of Price Cutting at the Park Place Condominium
According to Street Easy, fifteen units at the Park Place Condominium just had their prices cut by more than five percent. Take, for example, this two bedroom; the 1,360-square-foot apartmentment was listed back in November 2005 for $1,199,928 and was reduced to $1,109,000 on Friday.We haven’t been inside, but one thing that strikes us about…
According to Street Easy, fifteen units at the Park Place Condominium just had their prices cut by more than five percent. Take, for example, this two bedroom; the 1,360-square-foot apartmentment was listed back in November 2005 for $1,199,928 and was reduced to $1,109,000 on Friday.We haven’t been inside, but one thing that strikes us about the photos is the low ceiling height. There were several open houses in the building yesterday. Did any of you go? What do you think is putting a damper on sales?
Park Place Condominium [Street Easy] GMAP
145 Park Place Listings [Corcoran]
By the way, I would never blame the broker because from the way it was built the developer was following the paradigm of unbelievable cost cutting in the development (the heating units in the rooms are insane) matched with greed in pricing. And where is the entrance anyway – on PP or Flatbush?
Yeah, that’s a joke. I live in Soho, and happen to have a good friend who lives accross the street from that building. I go there a lot.
A taxi, except late at night when there’s no traffic, takes at least 30 minutes, sometimes up to 45 minutes. The subway takes 30 to 45 minutes too and there’s a lot of walking involved since not all subways go there.
My friend hates living directly on Flatbush bacause of the noise and only lives there since he has a good deal on a rent stabilized apartment.
The neighborhood has improved ten fold in the last few years and great cheap restaurants abound (one of the reasons I go there), but Flatbush itself is not a desirable place to live, parking or not — which I’m sure, by the way, isn’t cheap.
And who the hell moves to Flatbush for a doorman? My friend doesn’t even have a doorbell buzzer system on his building. You have to yell from the street like in Rocky.
15 mins to Soho!!!…..
I don’t think Black Hawk journey times are very relevant.
I’ve been to an open house here, and while i agree that some of the apartments have odd layouts, not all of them do. A few things to keep in mind about this place:
1. Private parking garage below the building.
2. Doorman.
3. 15 mins to Soho.
If any of these things matter to you, you might want to check out the apartments. Some of them are actually pretty nice.
I agree that the Flatbush side is not a great location, but that is probably why they lowered the prices on that side.
Also – If you compare to the Vermeil 1 block away, this place is a bargain!
is it true that magic johnson owns this development?
Went to open house. The layouts are really terrible — the angles would make it v. difficult to set up normal rooms. The Park Place exterior looks forced, and the units we looked at had views of the side of the building. Even a price drop wouldn’t grab me — the building just doesn’t work.
Went to open house. The layouts are really terrible — the angles would make it v. difficult to set up normal rooms. The Park Place exterior doesn’t work, and the units we looked at had views of the side of the building. Even a price drop wouldn’t grab me — the building just doesn’t work.
“BLAME Corcoran!
Greed…over pricing once again by this corp.”
This is so old. RE agents DO NOT set the price. They advise the sellers/developers who take their advice or (more often then not) try to get what they “know its worth”. Agenst want a quick and easy sale which is why they want properties priced at what the ,arket is telling htem via comps, etc? No agents wants a listing that won’t sell because the owner/sponsor has it overpriced. Stop blaming the agents and look at greedy and delusional sellers!
I went to an open house for this building about a year ago! Everyone has already hit the major problems with the building… odd design/layout, ugly exterior, decks marred by big AC units, and noise from Flatbush. The unit Mr. B identifies is on the third story above Flatbush. Won’t that make for a pleasant deck to sit on and enjoy the traffic. At roughly $800/ sp ft, these prices seem a bit rich considering you are getting a Flatbush building hiding under a Park Slope address.