272 St. Marks Avenue Hits the Market
Not every developer has given up on bringing new condos to market. An eight-unit project at 272 St. Marks Avenue in Prospect Heights just hit the market last week; asking prices range from $575,000 for a 750-square-foot one-bedroom to $1,049,000 for a 1,238-square-foot three-bedroom. The finishes look quite nice for this type of thing. Anyone…
Not every developer has given up on bringing new condos to market. An eight-unit project at 272 St. Marks Avenue in Prospect Heights just hit the market last week; asking prices range from $575,000 for a 750-square-foot one-bedroom to $1,049,000 for a 1,238-square-foot three-bedroom. The finishes look quite nice for this type of thing. Anyone checked it out yet?
272 St. Marks Avenue [Betancourt] GMAP
quote:
Also some people just want plain old new…
Like Teresa from the real housewives of new jersey who thinks it’s gross to live in a house someone else lived in. lol
*rob*
it looks like a nice building from the pictures, but i just can’t see how they can get around $850 a square foot in prospect heights. That’s how much things are going for in Park Slope..?
yeah one bedrooms are ridiculously expensive in this city and so are studios for the most part. living with roommates even if youre an adult proper in your 30s or 40s shouldnt carry the stigma that it seems to! how is having a roommate or two ANY different than having a wife/husband and a kid? it’s still 2-3 people per apartment.
*rob*
rents. http://online.wsj.com/article/SB124701848135809721.html
hey brownstoner how about a thread for this? I want to see DIBS’ immediate dismissal of the impact on NYC housing prices, due to the shape of the euro interest rate curve.
Feels like the price is rich for the current market. Personally, I’m on the side of the (attempts) at post modern architecture and, personally, don’t care much for the pre-war, wood-laced and molding details that others on this site long for.
Some, but not all, new construction is done well and most are energy efficient. This looks like a smart, well designed little building. Also some people just want plain old new…
Those views create demand for new construction vs old, but 847 sq/ft won’t cross bid/ask in this economy…
Across the street from the playground?
I saw today that the US rental vacancy rate is way up, squashing the theory that higher foreclosures => more renters => more rental demand => higher rent. It appears that the real story is at least: bad economy => more people living with roommates and parents, and maybe also: worse investor housing market => more rental supply. I didn’t really have a view on this, but I find it interesting none-the-less.
Thanks. I’m confused too. Not by B’stoner but by how it is that a condo on PPW is $650 per sq ft and new construction on the other side of the park is so much more expensive.
Sure the maintenance is low. It is a new building. The maintenance will go up when the owners realize they need more money to maintain the building and save for a rainy day, though.
Meanwhile, I’m entirely afraid of new construction. Everything I’ve seen looks like it is going to fall apart in a year or two. PPW may “feel old” as one commenter reported but it has stood the test of time.
Am I missing something?
Rents decelerate.
***Bid half off peak comps***