114 4th Place Almost Sold Out
What happened here! As of August, there was still some construction work left to do at Carroll Garden’s 114 4th Place, although a couple of the apartments had already gone on the market. Since then all four units were released and three have gone into contract, according to a broker for the project. While we…
What happened here! As of August, there was still some construction work left to do at Carroll Garden’s 114 4th Place, although a couple of the apartments had already gone on the market. Since then all four units were released and three have gone into contract, according to a broker for the project. While we don’t know final sales prices, two units entered contract while priced at over $1 million, while a third was asking $825,000. The last unit left is also priced at $825,000. Not too many interior pics to judge from. Has anyone been inside this place?
Development Watch: 114 4th Place [Brownstoner]
New Four Unit Building for 4th Place [Brownstoner] GMAP
I saw this unit and seriously considered it. The concrete floors and modern look is cool. The bathroom needs to be completely redone though — they went really CHEAP!! (they couldn’t even install the washer/drier for pete’s sake) The south facing wall in the back is a floor to ceiling window (awesome light), with an incredibly slender (almost unusable) balcony. The bedrooms are very cold. But with some imagination, you could do something really amazing with it. Granted, the facade couldn’t be uglier.
“but when you had work to do, the cash needed, time, etc… makes then unaffordable.”
Not to mention, some people really don’t look forward to the prospect of going through an extensive renovation. You could potentially be living in construction for a year in some cases. That’s probably what helped sell 192 President St.
“And it would probably be 300K less if it were in Kensington or 500K less if it were in Bed Stuy. ”
11217, Kensington is not more valuable than Bed-Stuy.
This building’s a disappointment — fresh, steel construction, then they put that faux-ish brick up and relatively tiny windows at front and back. (This lot had a tiny “back house” on it ’til demolition a couple years ago.)
The real bummer isn’t the parking lot, it’s the LOUD exhaust fan from PJ Hanleys, looming over the lot and the new building. Not sure if it’s 24 hours, but it’s on most of the day.
Same complaint would go for 360 Smith, which benefits from the endless exhaust fan of Frank’s deli, which has a loud squeak.
I don’t like fan noises.
Wine Lover — Not so sure about “school convenience.” It seems that today’s parents *drive* their kids to school even if they only live 4 blocks away from the school… and I don’t mean 6 year olds either.
11217 is correct, it’s location and schools and convenience to things to do and buy. also, it’s not that expensive compared to the costs of buying a building and having to do renovations. our price point was $1 million when we were looking over 4 years ago, and there were no buildings to be bought at that price in a convenient/desirable area. there were probably buildings in WB that needed work for slightly under that, but when you had work to do, the cash needed, time, etc… makes then unaffordable. we looked pretty hard at luquer development actually, but couldn’t wrap our heads around the layouts which weren’t terribly family friendly.’
Architect had to be just a little drunk when designing those windows…
11217, point it just seems so odd to me that sales pitches for $1mm+ homes (presumably a long-term investment) features the names of specific restaurants.
Not a huge difference between Court and Henry. Huge difference between Kensington, Bed Stuy, or the ‘burbs.
“this place would probably be 100K less if it was on Henry and 4th). Big difference. ”
And it would probably be 300K less if it were in Kensington or 500K less if it were in Bed Stuy.
What exactly is your point?
You don’t seem to understand the ONE most important factor in real estate…location.