$1.15 mil for a Crown Heights Condo?
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…
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
Who am I? No one special. Merely a fellow traveler. But then again, who do I *have* to be to engage in civil discourse? Someone very special it would seem. Perhaps you should provide a list of all the conditions one must meet.
It’s a pity you can’t translate your passion over what is said on an anonymous blog into a something bit more practical and constructive. However, since you apparently can’t, I suppose we can return to a state of denial if that what it takes to make you ‘comfortable’. Lucky for you, there are probably others in Crown Heights who aren’t satisfied sticking their heads in the sand. While you vent hot air on Brownstoner, they’re going to be working to make Crown Heights better. All I can say is good for them.
I love it when people who don’t even live in Crown Heights make silly statements regarding how those of us who do, need to make “frank assessments” of our neighborhood, and that it isn’t “coming along”, according to them?
I guess we’re supposed to wring our hands, rend our clothing and wail about how bad the crime REALLY is, and how we really do live in fear. We’re supposed to bemoan the fact that we have good transportation options, and that the neigborhood is centrally located. (it’s not right that we have the 2/3/4 on one side, the A/C on the other and the Franklin Shuttle joining the two in the middle. Oh, cursed city planners!)
We should cry about how insular, snobbish, and racist our neighbors are, not to mention poor, gasp, black! and they have so many island accents, which we don’t understand, and they don’t know what a good $5. latte is.(Doesn’t matter that they have been welcoming and for the most part, helpful and pleasant. Don’t you just hate it when people say good morning before you’ve gotten said latte?)
Lastly we should be really apologetic to the point of grovelling, about the fact that we live in one of the most architecturally beautiful neighborhoods in the city, with blocks of gorgeous houses, interesting architecture, beautiful churches and public buildings, tree lined blocks, and a park lined with 200 year old oak trees. And the fact that it is for the most part still affordable is something we are so sorry about. WE’RE SORRY! We had no idea the Landmarks Preservation Commission would designate us an historic district. We’re not worthy, we’re not worthy! We must be propping up our sagging real estate values.
Give me a break!
Point being, we don’t need anyone feeling sorry for us, 7:16/9:46, nor do we need to make any fresh assessments. Those of us who love it here love it with the full awareness of the neighborhood’s good and bad points. We just think the good points vastly overshadow the bad. We believe in our neighborhood’s future. Who are you to say we aren’t right?
crown heights is one of the most beautiful neighborhoods in brooklyn.
yes, its rough, but there is no way a neighborhood with this architectural infrastructure stays down forever…
still, since i’ve been working there for about two years: my guess would be that it’ll take five years before people take it seriously…
still, there is a ton of beautiful buildings that are (relatively) reasonably priced: if you have a million dollars, why not buy a four family and reno?
Hey Brooklynlove, Wrap your mind around this.
Subprime Debacle Traps
Even Very Credit-Worthy
http://online.wsj.com/article/SB119662974358911035.html?mod=googlenews_wsj
As per your dumbassed comment
“What – people buying 7 figure condos weren’t/aren’t doing it courtesy of a subprime mortgage.”
Yes they are. Why do you think we are in this mess.
The What
Someday this war is gonna end…
7:16 here. You’re speculations about my motives are disappointing to say the least. I’ve lived in Park Slope since 1977. I also wish nothing but the best for Crown Heights, but I don’t think the “best” will be realized until people are willing to make frank assessments of the hurdles to be overcome.
Jeez, you people are hateful.
“What – people buying 7 figure condos weren’t/aren’t doing it courtesy of a subprime mortgage.”
Oh no huh??!!! The difference between A paper, Alt-A and Subprime is the FICO score! Not because of money. Got it!!!
Brooklynlove go away, you are out of your league with me. When you sell houses and hold a Brokers License then, you can talk to me.
The What
Someday this war is gonnha end…
7:16 why do you feel sorry for me? I choose to live here in Crown Heights.
7:16 where do you live?
Crown Heights is great and IS coming along.. who are you kidding.. still upset you paid too much to live elsewhere? Poor baby..
7:16 lives in Bed-Stuy and is jealous because it isn’t changing as fast…