Condos of the Day: 536 Henry Street
It looks like brownstones aren’t the only overpriced kind of property in Carroll Gardens these days. The condo conversion at 536 Henry Street has been on the market since around Labor Day, according to StreetEasy. Since then just one of the four units has gone into contract—and it took a small price cut to get…
It looks like brownstones aren’t the only overpriced kind of property in Carroll Gardens these days. The condo conversion at 536 Henry Street has been on the market since around Labor Day, according to StreetEasy. Since then just one of the four units has gone into contract—and it took a small price cut to get it done. In the meantime, there are two two-bedrooms for $869,000 apiece and a three-bedroom for $1,275,000. There’s an open house this Sunday from 12 to 1:30, but it’s looking like it’ll take more than that to move these babies.
536 Henry Street [StreetEasy] GMAP P*Shark
Not entirely relevant, but what’s the deal with all the apartments for sale all of a sudden at the Arches in Cobble Hill?
The problem with these places is not necessarily the price – you could probably get near that for a real 1000 sq ft + condo with a solid reno job, even in a soft market. But this developer just cut too many corners and the layouts suck. I went to an open house a while back and there was quite a crowd. One guy I know from elsewhere said he put in a $750k bid and was rejected, so this developer only has himself to blame. Kind of like that joker looking for $1.65m for a 2 bedroom condo on state street in Brooklyn Heights – never going to sell without a substantial price reduction.
Went to an earlier open house last year. Agree with the stated comments; the layout and finishes aren’t that great. The sister building (555 Henry – same developers and all the same finishes) was much better, for a similar price. Think that one was sold out quickly; there was only one unit remaining at the time.
The closet in the closet stood out as a particularly stupid design choice.
Carol, I also do my laundry at the place on Union. The place across the street had so many open houses, I finally decided to see what was going on. So. UGLY.
Location is not scrappy on Henry street. You don’t hear the BQE on Henry since is below ground at that point.
This area is prime Carroll Gardens.
Plenty of things have been selling for this much in the neighborhood, at least so far as the two bedroom price goes, so that’s not the problem (people on this site really need to get a handle on comps before dissing things everything as overpriced — and no, I’m no broker, just someone who has been actively looking in this area for the last 12 months).
The problem with these is simply that they’re not very nice. The bedrooms are both small, the second one tiny, and the living area is also very small. Fixtures and bathrooms are pretty bland, and upclose the renovation looks pretty cheap (despite the fancy appliances). Overall, it just feels cramped and has no personality — so I’m pretty sure that’s the reason they’re not selling. It’s a reasonable price for a two bedroom in Carroll Gardens, but simply too much for these pretty blah apartments.
If you are on Henry you won’t hear the BQE. Anything within 1/2 a block of Hicks will have a noise problem, especially if you actually like to open a window once in a while.
So-so on the finishes…like the central air…but the location is a little scrappy because of it’s proximity to the BQE…second bedroom is really only useful for office and or entertainment room.
In this market, this goes out the door at 700K tops.
1,036 sf seems like a pretty small 2-bedroom.
This place will be worth it once they coat it in gold dust.