211 23rd Street: Livin' La Vida Scarano
When we were discussing the Greenwood Hill Condos on Tuesday, we epressed surprise at the fact that the entire building was comprised of one-bedroom apartments. Not necessarily what you’d imagine the target demographic of the nabe to be. Turns out that developer is not alone in his thinking. Just down the street, the unfinished Scarano…
When we were discussing the Greenwood Hill Condos on Tuesday, we epressed surprise at the fact that the entire building was comprised of one-bedroom apartments. Not necessarily what you’d imagine the target demographic of the nabe to be. Turns out that developer is not alone in his thinking. Just down the street, the unfinished Scarano project at 211 23rd Street is made up of eight studios and one bedrooms as well (two are in contract, six are available). The studios are priced in the mid-$400’s and the priciest one bedroom (a first floor and basement duplex) is $889,000. Browsing the listings, one sees frequent use of the word “mezzanine” — no surprise given the architect involved. It may also not be a surprise to see the DOB website shows an active violation on the books since November 30 of last year. Anyone know what it’s for? We’re sure the locals will be able to fill us in on how this construction process has gone as well.
Available Units [21123Condo.com] GMAP
Those property taxes are obviously totally wrong–you don’t pay $27K in taxes on an $800K 1 BR. I’d guess they would be a fourth of that.
12:36, that was tongue in cheek. but really, you’re poor, most of are, by the new standard of wealth being defined by real estate values within the city.
The middle class nabes have shifted from the slope to the ‘less desirable’ areas such as sunset park, bed-sty, crown heights, etc. That’s my perception; I could be wrong.
Check out the RE taxes in the offering plan, they are pretty high. The non-abated taxes on the $800K 1BR unit will run $27K/year. Even on the 640sf studio taxes will be over $12K post-abatement. Thats quite a pop on the monthly when it comes time to unload.
Where’s the coffee shop?
This building looks like it sprouted from the head of one those little ones surrounding it and will eat the others.
“I feel your pain. I agree, it’s no fun being poor.”
But that’s just it, I’m not poor at all and I still can’t afford this. Well, I could afford the studio, but who pays 400k for a studio, especially in this part of Brooklyn? I know I wouldn’t want to, particularly since it looks pretty bad and like a total sucker deal. But I have to wonder just where the moneyed suckers are coming from who will buy a studio or 1 bedroom for this amount of money in what otherwise is a very very plain working class area. Who are these people and why would they spend such big $$ on something like this?
Aside from the steep prices these guys are asking for teeny apartments in the South Slope, may I ask what it is about this developer’s properties that get people so worked up? Is it quality issues? Are the floorplans goofy? Is it that many of these buildings seem to max out the FAR, towering over their neighbors? I haven’t seen any of them in person, so I can’t speak definitively about it–but I like contemporary work (when it’s good) as well as our hood’s landmarks, and this building looks kinda cool to me. But like Brownstoner, I, too, am mystified as to who are these people that need 1 bedrooms and studios at these prices.
400k is a joke for a studio in that area too.
Yeah I think 800k is a joke to live in that area. You’re too far from anything and just a block from about 50 auto repair shops. You have to drive to get anywhere down there. I wouldn’t pay over 300k for one of those, no matter how big it is. Maybe 500k for the duplex.
Yeah I think 800k is a joke to live in that area. You’re too far from anything and just a block from about 50 auto repair shops. You have to drive to get anywhere down there. I wouldn’t pay over 300k for one of those, no matter how big it is. Maybe 500k for the duplex.