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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


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  1. I thought this was Prospect Heights. I’m 34, so I remember when it was Crown Heights. When I moved into the nabe after college in ’95 they were calling it Prospect Heights, so who’s right here?

    BTW Live across the street from this building
    Plus Access to subway, bus & cultural

    Minus Watched them build it, wasn’t impressed by the materials going in. Block is still ‘gritty’ so price is too high. Hope you like the sound of the Fire Dept’s sirens – they are accoss the street too.

  2. Since moving into the neighborhood two years ago, I have already seen it change dramatcially. It seems to me that most of the new people moving in were priced out of Park Slope and Ft Green, as were we.
    I saw these condos. The finishes are fine. They are very bright with good windows. I don’t know if they are priced right but they are very close to all the Park, Museum and four express trains, plus there is a new Starbucks going into the yet to be built building at Franklin Ave and Eastern Pkwy. Yippee…

  3. while, there are no pics on the website, the amenities (esp. central air and fireplaces) look good on paper and the layout is terrific, imo. i bought in the last year, and finding a layout that worked (in a condo) was really hard.

    obviously, not currently in the market, but i would have been interested in this altho i would offer much less.

    i would not be so worried about the crown hts thing, but it is too much money right now for a neighborhood that offers less than a built up hood (ie: williamsburg) that has apts at a similar price point.

  4. The Crown Heights vs. Prospect Heights label is really stupid. For some reason people get so hung up on this one and seem to feel that because a building is on one side of a street it should be worth far less than one on the other side.

    This building is very close to the subway, the museum, botanical gardens, grand army plaza, prospect park, etc. It is a very short walk away from Meier’s On Prospect Park where the crappy units with no view are selling for this price.

    When you walk down eastern parkway and cross over washington ave you don’t step into a war zone or anything. There’s really no reason prices should be significantly less.

    And no, I’m not a broker.

  5. Great spot. It’s 2-minutes to Brooklyn Museum and Prospect Park. 2,4 and 4,5 trains are two blocks away. The condos are a little on the small side. But a 3-bedroom for under a million is a deal. Despite what the naysayers think. Crown Heights is the next spillover point from Park Slope. It’s the next closest neighborhood after Prospect Heights.

  6. This area is fine. Access to everything. Classon isn’t the nicest but it is also near Franklin Ave. where new shops, restaurants and a bar has opened. Also on Franklin and Eastern the ground breaking has begun on a new residential building. I have lived here since June and I definitely see things changing for the better.

  7. For those who say it’s priced too high for the location: Where can you get 3 br and 2baths for 1 million? Here you have it with subway access and all the things park slopers claim make their property worth $2-3M. Park, BBG, museum, library, farmers market are all within walking distance.

    For prospect heights fans, I think interest pushed further into crown heights as the threat of AY construction hassle takes over.

  8. Boy crack is tasty! I would like to post the amount of subprime lender that are no longer with us

    192. Charter One (Wholesale)
    191. Wells Fargo – Home Equity
    190. Paul Financial, LLC
    189. Webster Bank (Wholesale)
    188. Fieldstone Mortgage Company
    187. Tribeca Lending Corp. (Wholesale)
    186. WAMU Comm. Correspondent
    185. Marlin Mortgage Company
    184. Countrywide Specialty Lending
    183. UBS Home Finance
    182. MortgageIT-DB (Retail)
    181. Edgewater Lending Group
    180. ResMAE Mortgage Corp.
    179. Citimortgage Correspondent (2nds)
    178. AMC Lending
    177. Southern Star Mortgage (Wholesale)
    176. Liberty American Mortgage
    175. Exchange Financial (Wholesale)
    174. FirstBank Mortgage
    173. Bank of America (Wholesale)
    172. Diablo Funding Group Inc.
    171. Honor State Bank
    170. Spectrum Financial Group
    169. National City – Home Equity, Correspondent
    168. Priority Funding Mortgage Bankers
    167. BrooksAmerica Mortgage Corp.
    166. Valley Vista Mortgage
    165. New State Mortgage Company
    164. Summit Mortgage Company
    163. WMC
    162. Paragon Home Lending
    161. First Mariner Wholesale
    160. The Lending Connection
    159. Foxtons, Inc.
    158. SCME Mortage Bankers (Wholesale)
    157. Aapex Mortgage (Apex Financial Group)
    156. Wells Fargo (various Correspondent and Non-prime divisions)
    155. Nationstar Mortgage
    154. Decision One (HSBC)
    153. Impac Lending Group (Wholesale)
    152. E-Trade Wholesale Lending
    151. Long Beach (WaMu Warehouse/Correspondent)
    150. Expanded Mortgage Credit Wholesale
    149. The Mortgage Store Financial
    148. C & G Financial
    147. CFIC Home Mortgage
    146. BrokerSource (BSM Financial – Wholesale)
    145. All Fund Mortgage
    144. LownHome Financial
    143. Sea Breeze Financial Services
    142. Castle Point Mortgage
    141. Premium Funding Corp
    140. Group One Lending
    139. Allstate Home Loans / Allstate Funding
    138. Home Loan Specialists (HLS)
    137. Transnational Finance Wholesale
    136. CIT Home Lending
    135. Capital Six Funding
    134. Mortgage Investors Group (MIG) – Wholesale
    133. Amstar Mortgage Corp
    132. Quality Home Loans
    131. BNC Mortgage (Lehman)
    130. Accredited Home Lenders, Home Funds Direct
    129. First National Bank of Arizona (FNBA) Wholesale, Correspondent
    128. Chevy Chase Bank Correspondent
    127. GreenPoint Mortgage – Capital One Wholesale
    126. NovaStar (Wholesale), Homeview Lending
    125. Quick Loan Funding
    124. Calusa Investments
    123. Mercantile Mortgage
    122. First Magnus
    121. First Indiana Wholesale
    120. GEM Loans / Pacific American Mortgage (PAMCO)
    119. Kirkwood Financial Corporation
    118. Lexington Lending
    117. Express Capital Lending
    116. Deutsche Bank Correspondent Lending Group (CLG)
    115. MLSG
    114. Trump Mortgage
    113. HomeBanc Mortgage Corporation
    112. Mylor Financial
    111. Aegis
    110. Alternative Financing Corp (AFC) Wholesale
    109. Winstar Mortgage
    108. American Home Mortgage / American Brokers Conduit
    107. Optima Funding
    106. Equity Funding Group
    105. Sunset Mortgage
    104. Nations Home Lending
    103. Entrust Mortgage
    102. Alera Financial (Wholesale)
    101. Flick Mortgage/Mortgage Simple
    100. Dollar Mortgage Corporation
    99. Alliance Bancorp
    98. Choice Capital Funding
    97. Premier Mortgage Funding
    96. Stone Creek Funding
    95. FlexPoint Funding (Wholesale & Retail)
    94. Starpointe Mortgage
    93. Unlimited Loan Resources (ULR)
    92. Freestand Financial
    91. Steward Financial
    90. Bridge Capital Corporation
    89. Altivus Financial
    88. ACT Mortgage
    87. Alliance Mortgage Banking Corp (AMBC)
    86. Concord Mortgage Wholesale
    85. Heartwell Mortgage
    84. Oak Street Mortgage
    83. The Mortgage Warehouse
    82. First Street Financial
    81. Right-Away Mortgage
    80. Heritage Plaza Mortgage
    79. Horizon Bank Wholesale Lending Group
    78. Lancaster Mortgage Bank (LMB)
    77. Bryco (Wholesale)
    76. No Red Tape Mortgage
    75. The Lending Group (TLG)
    74. Pro 30 Funding
    73. NetBank Funding, Market Street Mortgage
    72. Columbia Home Loans, LLC
    71. Mortgage Tree Lending
    70. Homeland Capital Group
    69. Nation One Mortgage
    68. Dana Capital Group
    67. Millenium Funding Group
    66. MILA
    65. Home Equity of America
    64. Opteum (Wholesale, Conduit)
    63. Innovative Mortgage Capital
    62. Home Capital, Inc.
    61. Home 123 Mortgage
    60. Homefield Financial
    59. First Horizon Subprime, Equity Lending
    58. Platinum Capital Group (Wholesale)
    57. First Source Funding Group (FSFG)
    56. Alterna Mortgage
    55. Solutions Funding
    54. People’s Mortgage
    53. LowerMyPayment.com
    52. Zone Funding
    51. First Consolidated (Subprime Wholesale)
    50. EquiFirst
    49. SouthStar Funding
    48. Warehouse USA
    47. H&R Block Mortgage
    46. Madison Equity Loans
    45. HSBC Mortgage Services (correspondent div.)
    44. Sunset Direct Lending
    43. Kellner Mortgage Investments
    42. LoanCity
    41. CoreStar Financial Group
    40. Ameriquest, ACC Wholesale
    39. Investaid Corp.
    38. People’s Choice Financial Corp.
    37. Master Financial
    36. Maribella Mortgage
    35. FMF Capital LLC
    34. New Century Financial Corp.
    33. Wachovia Mortgage (Correspondent div.)
    32. Ameritrust Mortgage Company (Subprime Wholesale)
    31. Trojan Lending (Wholesale)
    30. Fremont General Corporation
    29. DomesticBank (Wholesale Lending Division)
    28. Ivanhoe Mortgage/Central Pacific Mortgage
    27. Eagle First Mortgage
    26. Coastal Capital
    25. Silver State Mortgage
    24. ECC Capital/Encore Credit
    23. Lender’s Direct Capital Corporation (wholesale division)
    22. Concorde Acceptance
    21. DeepGreen Financial
    20. Millenium Bankshares (Mortgage Subsidiaries)
    19. Summit Mortgage
    18. Mandalay Mortgage
    17. Rose Mortgage
    16. EquiBanc
    15. FundingAmerica
    14. Popular Financial Holdings
    13. Clear Choice Financial/Bay Capital
    12. Origen Wholesale Lending
    11. SecuredFunding
    10. Preferred Advantage
    9. MLN
    8. Sovereign Bancorp (Wholesale Ops)
    7. Harbourton Mortgage Investment Corporation
    6. OwnIt Mortgage
    5. Sebring Capital Partners
    4. Axis Mortgage & Investments
    3. Meritage Mortgage
    2. Acoustic Home Loans
    1. Merit Financial

    I hope this get on. Folks, money is running out for BS like this. Hoo Boy!

    The What

    Someday this war will end…

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