Brownstone Condos on 2nd Place Hit Market
While we certainly admire the developers of 100 2nd Place (and we bet the neighbors are ready to nominate them for sainthood) for restoring the white facade and cut-out driveway into an original-looking brownstone with traditional stoop and front yard, we’re not so sure they’ve priced the finished product correctly. By dividing the building into…
While we certainly admire the developers of 100 2nd Place (and we bet the neighbors are ready to nominate them for sainthood) for restoring the white facade and cut-out driveway into an original-looking brownstone with traditional stoop and front yard, we’re not so sure they’ve priced the finished product correctly. By dividing the building into 3 separate units, they’re trying to squeeze $5 million out of the sale, which seems pretty aggressive to us. They’ve clearly put a lot of care and effort into the reno so you never know, but $1,000 a foot in this part of town seems like wishful thinking.
100 2nd Place [Rigg Properties] GMAP
I agree with the above post — if the high level renovation means you need to price a duplex at over 2 million (or 1.9 for the bottom) it makes no sense in this market. There was a beautiful 4+ story brownstone down the block, with slightly larger dimensions than this (I believe) and lots of detail. It needed work, was 4 separate apartments, but was sitting on the market for $3 million. You can definitely get an entire brownstone in decent condition for the cost of the bottom duplex, live on 3 floors and still get rental income. I can’t understand any buyer wanting to walk up 3 flights to his 2.1 million condo instead. Who are these buyers?
“”It is funny that when we see something we like, it is always “very nice, but dreaming price-wise” whereas when Bstoner posts Fedders buildings, we say “crappy design, but will surely sell.”
No middle ground?”””
Sure there is a middle ground – it is always price adjustment. Those are beautiful places, really lovely, but would you buy an apartment for 2.1 million dollars in Cobble Hill when you could buy a nice brownstone for that? It just doesn’t make sense. To tell you the truth – and I’m not a broker – I think that it is a little dangerous posting those kind of prices because the property runs the risk of staying too long on the market and appearing to be a troubled deal. Then again there is always a problem with doing a very high level renovation whether it is in the Midwest or NYC in which you spend more money on the work than the market will bear. Who knows what the deals is, but this stuff will not sell for anything near these prices, no way. I really think there is a middle ground and too bad for all that junk out there….
Does anyone know what those grey countertops are made of????
I think 3.53pm might be correct about the top apartment not having a bath tub. That is the only design issue I can see. These look very well executed, though I suspect, like others have said, that they are priced too high.
As for the study on the bottom duplex being the foyer space on the ground floor, I think that is correct, but it looks like they essentially took what is normally some dead space in the long hallway on the garden level and made a small study. I think it is a good use of the space. The main entrance to that aparment would be the top of stoop in any event…
Is that the same fence design posted here a while back (I think it was brownstoner’s architecht friends’ house–maybe same people if not same property)? You don’t see that many horizontal fences.
It is funny that when we see something we like, it is always “very nice, but dreaming price-wise” whereas when Bstoner posts Fedders buildings, we say “crappy design, but will surely sell.”
No middle ground?
the top floor 4 bedroom seems to have only showers – no tubs. I think that this will be a substantial drawback for lots of families. Most people with kids need at least one tub.
Very very nicely done, but they’re dreaming price wise. Ditto to the comment about buying a house for the price of 1.7 or 2.1 – a nice house. But it is such a pleasure to see something done so well. Good luck to them. Does anyone know what those countertops are? Honed granite? Ceasarstone? Soapstone?
That Study sure looks like a Foyer on the ground floor. I live across the backyard and the renovation has appeared to be great — not fly by night, for sure. (Though that grass is photoshopped, I think.) One issue is that the noise from Abilene on Court Street filters into the backyard something fierce.
Even at the top of the market (whenever that was) is there any evidence of Carroll Gardens property selling for $1000 a sq. foot?