$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
This area is still home to a lot of low-income housing (read: crime). Check back in a decade or so when this area is safer.
If you look a Brownstoner posts over the last 2 weeks the pattern is:
A. price cuts at development
B. new development
A.price cuts at development
B. new development
A. price cuts at development…
If i were looking for a place in a new construction I would certainly wait until the next crop of Brooklyn developments hits the market, at which point there will be a serious glut and prices will by neccesity be a lot lower.
11:56 again. I will say that when I went to the open house it was fairly crowded, but no one was hanging out too long. a quick glance around these apartments and you can tell that they’re not worth this kind of money.
any one from (or familiar with) the nabe knows that these are way overpriced. the question is, can crockoran find enough suckers who think they’re getting in early on a “up and coming” nabe and are willing to put up the dough…obviously a few have already bit…
These have been on the market for a very long time and the units that sold were in the $600 per foot range, not really anything to write home about. The units are very bland and uninspired and anyone with that kind of money will be hard pressed to ever want to be at this location!
What is the accepted eastern boundary of Prospect Heights? Washington Ave? Seems like realtors starting to push it ever closer to Bedford.
I walked by this building and if I recall correctly it’s a few buildings east of Classon on St. Marks. I saw only the exterior and was far from taken with the design and its execution so far. What’s the rest of the block like? Not sure I would pay $1mil for either the location and the construction.
I agree with 11:56, probably a bit further east than you’d want to be. I guess the asking prices beg the question: when will Classon start picking up some of the gentrification from Vanderbilt (where it’s in full swing, but far from finished) and Washington (where you can see it in teeny bits and it’s got a loooong way to go)?
12:36 = a broker
I visited the place a few weeks ago and the neighborhood is fine. It’s not quite Prospect Heights, but very close. The light and views are great in the top units, but the problem is the bedrooms are tiny—barely enough room to fit a bed. It could fetch a good price if the place had proper sized bedrooms.
It’s more in the Crow Hill section of Crown Heights, which has attracted a lot of younger white kids, especially to the Jewish Hospital Apts, and surrounding blocks, and almost touching the far reaches of Prospect Heights. This is a full subway stop from Crown Heights North proper, not that any of that matters to the discussion, really.
My objections are not to the worthiness of the area, but to the architectural parasite sitting on top of a non descript building. Kinda looks like a glass spaceship. Ghastly. I would object to anyone paying that kind of big bucks to live in this building. What was the architect thinking? Was there an architect?
To those who say it “looks nice”—what does??? The artist’s rendering?? The DRAWING of the apartment? There is not ONE photo of the actual unit. Drawings always look nicer than the actual, realized product. If you’re trying to sell a luxury apartment in this part of town, you better try harder, Neinasts. It’s outrageous.