509 Chauncey Launches
From the same developer that brought us 830 Halsey comes another tasteful renovation just a few blocks away at 509 Chauncey. Says a sponsor, who also provided the photos: “It’s very similar-gut renovation of a pre-war building. The units at Chauncey will be a bit larger, and it’s on the corner so the spaces are…
From the same developer that brought us 830 Halsey comes another tasteful renovation just a few blocks away at 509 Chauncey. Says a sponsor, who also provided the photos: “It’s very similar-gut renovation of a pre-war building. The units at Chauncey will be a bit larger, and it’s on the corner so the spaces are really bright and sunny.” Considering 830 Halsey sold out in less than three months, it’ll be interesting to see how quickly this building goes. Streeteasy shows 2-bedrooms starting at $315,000, with two in contract already.
830 Halsey Sells Out [Brownstoner] GMAP
Common Charges: $204, Taxes: are $66. two different subway lines quite close. a two beds would cost about $2000 month, much of which tax deductible. $350 per ft² is decent. biggest problem are the 10×10 bedrooms.
These are relatively nice looking developments. I’m glad the math is working. I live near here, and I was walking around Saratoga Park the other day and you don’t notice it at first, but there are a lot of abandoned and burned out buildings in the area. One to three per block. So it’s great there’s a solution for that.
“2-bedrooms starting at $315,000”
315,000/(10×12) = $2,625/mo. No way, no how. This is why they didn’t sell for anywhere near this prior to the historic mass credit approval and low rates.
Early 2000 pricing will return.
***Bid half off peak comps***
to the developer- please take a look at the northwest corner of Prospect and Brooklyn in Crown Heights North – please do this building been vacant for 25 years and bad for ‘hood
DIBS, that is the only reason I would not look at these. I think they prices are right and they look nice enough on the inside, but I just can’t go beyond the general area of Malcom X/Utica.
Congrats, I’m sure most ot the neigbors are quite happy. I’m also sure some are unhappy about the so called gentrification that may/may not happen. Private investments leads to increase tax rolls for city, win for all.
WOW, nice job on both of them. This proves that there’s definitely a market for nicely done places in Bed Stuy and this one is quite far east!!!!
Before they renovated, the building was straight. Now, it’s falling down. Talk about a bad job!