53 Lincoln Condos Hit the Market
A new glassy addition to the brownstone block of Lincoln Place between 5th and 6th Avenues in Park Slope just hit the market this week. The modern building has four apartments—three floor-throughs and one duplex—ranging in price from $995,000 to $1,950,000. (It looks like Aguayo & Huebener is sharing the broker duties with Sotheby’s.) It’ll…
A new glassy addition to the brownstone block of Lincoln Place between 5th and 6th Avenues in Park Slope just hit the market this week. The modern building has four apartments—three floor-throughs and one duplex—ranging in price from $995,000 to $1,950,000. (It looks like Aguayo & Huebener is sharing the broker duties with Sotheby’s.) It’ll be interesting to see what the appetite is for spaces in this area that are priced at almost $1,000 between $800 and $900 a foot. What do you think?
53 Lincoln Place [StreetEasy] GMAP
FatLenny, we have probably stood next to each other pushing our kids on the swings and looking at this place go up.
I am so disgraced to live in one of lecachal’s nope nabes.
Maybe someone can help me as I don’t often actually get into the nitty gritty of a listing. They say that common charges are at like $300 a month. Is that for real? If it is, that might explain how they hope to get such a hefty price and would significantly distance itself from the brothel for instance. If its not for real, how do you tell what the real costs are likely to be?
Questions:
1. In this market are you comfortable relying on 3 sets of total strangers to pay the bulk of the maintenance costs for the building where you live?
2. If you are the first buyer, are you comfortable relying on a developer to pay the bulk of the maintenence costs for the building where you live?
I’ve been watching these go up as I push my kid on the swings. I wouldn’t want to live right across from 282 but it’s otherwise a great location and the building is much wider than a brownstone.
I like the way they look though I’m not sure about the logic behind a windowed facade in front of a crowded playground. I think they’ll get a premium compared to the other crap being erected, but they ain’t gonna get what they’re asking.
hm, living near that playground area seems like a negative. it’s loud pretty much every morning and any sunny day– and the building is all glass front and back. also, it’s not a great block, nor is it in ps 321, other reasons why the prices seem high. they are nice apartments, but i do think that they are way overpriced for the market. the first floor apartment, they are asking 1.7 mil!? that’s the price of a whole brownstone on some blocks. i’d rather own that brownstone for sale on garfield for 1.8 mil btw 5th and 6th than own two floors on this block. i also have the same questions as some others have raised. do you think something that modern can hold it’s value in a location where historic homes seem to be the draw? i wonder what that would sell for in 5-10 years from now?
many worthy comments above; however, the theme is always the same. some think the market will go to zero, some think the market has alot to fall, some think the market has a little to fall. what i find interesting is how many people are “waiting” for the dump. this “dump” can’t happen with all the bids below…these places look great and may be overpriced, but make no mistake, they will be occupied at some point…and it won’t be for $1000/month…
I remember when the place next to this development was on the market in 2006. The place had not been staged at all. Floor to ceiling full of junk. Asking price was actually OK all things considered but I wasn’t seriously looking to buy at that point (and like I said I just don’t like the block).
I am picky about blocks in the slope. This block: nope. Too close to John Jay or Methodist: nope. Berkeley bw 5th and 6th: nope. Anything past 5th Ave: nope. 9th St: nope. Union St: nope. Anything in that triangle bordered by Flatbush, 4th Ave and Park Place: nope.
Lincoln…coming to the Waterfront Ale House for drinks Thursday????