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The St. Johns Heights Condominiums at St. Johns and Classon have been on the market for a few months now, and business doesn’t seem to be all that bad: Six units that were priced in the $600- to $700-a-square-foot range are in contract. Now, it seems, comes the real test of how high-end product is going to fare in northern Crown Heights. Of the seven units Corcoran is currently marketing, two are in the million-dollar zone (the 1,506-sf triplex penthouse with a private roof deck and other posh amenities like a wood-burning fireplace is priced at $1.15 mil, and the 1,127-sf three-bed, two-bath duplex is asking $999,000). The building is near the subway and Corcoran’s touting its views. Still—$1 million for a Crown Heights condo in today’s market? We’ve gotta assume these babies are going to take a while to move, and that price cuts are going to be involved. Anyone more optimistic?
St. Johns Heights [Corcoran] GMAP


What's Your Take? Leave a Comment

  1. Montrose Morris, why do you always assume that anyone who considers Crown Heights to be unsafe must not live there? Want “frank assessments” of people “who actually live in Crown Heights”? Read the Brooklynian.com board, where Crown Heights residents regularly post about muggings, shootings, assualts, and other fun activities by the upstanding youth.

    http://www.brooklynian.com/forums/viewforum.php?f=4&sid=8c5fc11eec4ddab03383313d6dbfe3f9

    Will you accept something that you don’t want to hear if it comes from bona fide Crown Heights residents?

    I didn’t think so.