47 Dean Now on the Market
We thought 47 Dean would have launched sales by now, as it was wrapping up construction this summer. But units just hit the market for the two- and three-bedroom units. Mid-construction the website said prices would start at $980,000, but in the eight (out of ten) listings up the cheapest is $1,010,000 for 1,012 square…
We thought 47 Dean would have launched sales by now, as it was wrapping up construction this summer. But units just hit the market for the two- and three-bedroom units. Mid-construction the website said prices would start at $980,000, but in the eight (out of ten) listings up the cheapest is $1,010,000 for 1,012 square feet. A 1,328 square foot three bedroom is up at $1,250,000. Think that area can command those condo prices?
47 Dean Almost Done [Brownstoner]
Development Watch: 47 Dean Street [Brownstoner] GMAP
I have been to look at the units and am seriously considering making an offer. The ground floor units are duplexes with backyards and were taken by the developer’s brother and business partner. The two penthouses are already gone. The quality of the finishes has a lot to do with the pricing. Solid doors, 5″wood flooring, vented washer dryer, a lot of nice touches that add up. I am surprised that the first two units to go were the 2 bedrooms, I though there would have been much more demand for the 3. You would be surprised of the views you get from the B line apartments, you actually can see 1 Hanson from there.
Building has a decent exterior, and many of the units look good to me.
While the location is excellent, I echo the above: the rear views are crappy. And I do wonder if anything but the top floor would get any natural sunlight (if that matters to people), as Dean is a pretty narrow street with big trees and another apx 6 storey condo directly across the street.
On balance, it’s pretty nice. I think the price is a touch steep, but I’m happy if they sell for near these prices as it’ll raise my neighborhood comps…
The only downside here is the view from the rear (which may explain why the units have front facing balconies).
It’s only ten units. If they had priced these 15% lower, the building would sell out before they even had a chance to raise the price — that would basically be a million for a newly built 3BR apartment with outdoor space. Although I personally would find 1300 sq feet a little tight for a real sized family, I am sure other buyers will disagree and enter contract on these places before springtime. The 2BR’s also probably can find buyers, esp. the one with the larger terrace.
What’s the deal with the first floor — are these the units the developers are keeping for themselves (presumably with basements and the back gardens)?
BK re vet – “I hear some of the occupants will be the actual developers of the building so that is a huge plus.”
Is occupancy intentional or by default?
I like the building, and the layout look very much like a floor-through in a wide brownstone. Boring vanilla finishes, but I guess that’s a good thing for the target demographics. Prices a bit too high, but there isn’t that much inventory, so who knows? I think they could have had much more buzz if they’d priced their units 10-15% less to start, and then increased to that level once they had 50% of the units in contract.
Layouts are key. Most important thing really.
I hear some of the occupants will be the actual developers of the building so that is a huge plus.
They are nice apartments in a great location, but over $1000psf sounds silly for anywhere in Brooklyn in this housing market.
“Think that area can command those condo prices?”- yes.
The layouts are actually not that bad, one can actually live in something like that. yay, bathroom window for me.
Not liking the windows they picked out though, as I only like bronze double hung.
The kitchen and bathroom mono chromatic mode is tired. Do people really like that cold star sterile non personality look?
but that can be changed. The layouts do work for me…and that is probably a first.