$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
Crown Heights gets some pretty good press on this site…much better than it deserves. I feel sorry for Crown Heights and for the people who live there, but I will not sugar coat the neighborhood’s problems or play along with any charade about how it’s “coming along.” It’s not coming along, not even close. No one hopes more than I do that this will change one day, but it’s going to take more than wishful thinking to make it happen.
What – people buying 7 figure condos weren’t/aren’t doing it courtesy of a subprime mortgage.
to be fair, this is 2 blocks from the museum and botanic gardens and 10 minute walk down eastern pkwy from GAP. and specific location is west of the real (real as in reality) CH border – franklin ave, so price is not entirely insane, but definitely aggressive.
I live right next to this building, never had any trouble with crime or feeling at all uncomfortable. A little scruffy-looking, sure, but full of character and with lots of friendly people around. It’s a little ways away from the Jewish Hospital colony to the north and feels far more real–I looked at apartments there and was really put off.
To be honest, I love the nabe; it makes me ridiculously happy to be living here–and if I want an overpriced pizza or cupcake, it’s a five minute walk to Vanderbilt. is this place worth the price? dunno. but I felt a need to correct the constant bad-mouthing of the neighborhood.
Crown Heights is all that. I live there.
this is nothing, 5:32.
these comments are totally g rated compared to what is usually said when crown heights comes up.
consider this a pretty thoughtful thread.
I posted at 12:36 and got called a broker… What’s up with that? And I love how folks just keep dissing the neighborhood. Granted, I technically live in Prospect Heights, only a few blocks away, so it does make me laugh when people think they need a bodyguard or something to walk past Washington Ave.
3:05 and 4:02 are obviously brokers. Shameless.
I can’t believe ANYONE would compare Richard Meier’s On Prospect Park to this buildings.
Absurd.
Even if you hate OPP, it’s ridiculous to say. That building is extremely high quality, if not to your personal style.
I have enjoyed living in Crown Heights for the past 3 years. I’m a physician and my wife is in state government. We own a 7 BR 3 bath 4 floor brownstone. We have had no problems. Mostly working class people. There is a constant influx of people interested in the fabulous houses and most of us take leadership roles in building up our community. Friday and Saturday evenings we get together for the best jazz in Brooklyn @ Tavern on Nostrand. We had our first house tour this year! Yea! Sushi Tatsu opened recently and delivers. Crown Heights gets the spill over from Prospect Heights of folks wanting more house. Where else can you buy a large house for 700k so close to Manhattan?