Checking In On The Satori
Like many new developments these days, listings aren’t exactly flying off the shelf at The Satori, the 34-unit condo at 340 Bond Street in Gowanus. According to the broker, two units are sold and another six have contracts pending; according to StreetEasy, 26 are still available. On the plus side, we hear that open house…
Like many new developments these days, listings aren’t exactly flying off the shelf at The Satori, the 34-unit condo at 340 Bond Street in Gowanus. According to the broker, two units are sold and another six have contracts pending; according to StreetEasy, 26 are still available. On the plus side, we hear that open house traffic has been good. It sounds to us like all that’s needed here are some price cuts. Most of the units—which are listed for an average of about $600 per foot—have never been reduced.
The Satori [The Developers Group] GMAP
Price Cuts at the Satori [Brownstoner]
Satori Condos Get the Chop [Brownstoner]
Development Watch: 340 Bond Street [Brownstoner]
> “I suppose there are worse sites for luxury condos….”
True enough. I hear Toll Brothers has a bid on the Chernobyl site.
The Satori sits on the corner of Bond and Carroll. Across from it on Bond is a huge, brand new car service center, windowless, bland and blocky. Catty-corner is a new EMS station. Across from it on Carroll is an ill-kept housing project of some kind, surrounded by crabgrass and a rickety chain-link fence. None of these structures are going anywhere. To add to the charm, about half a block up is the Carroll Gardens Monstrosity, in construction limbo lo these many years.
It sits half a block from the canal, and all those blocks between Bond and the canal are either industrial or abandoned.
I suppose there are worse sites for luxury condos….
I’d say this most definitely is carroll gardens, bond street is the bunting line.
The price per square ft is artificially lowered by the inclusion of 5ft high “storage” mezzanine. There are plenty of condos listed in prime Park Slope, at comparable prices. Why would you buy in Gowanus, in a new Scarano-designed development, when you can buy a functionally similar apartment in prime Park Slope?
If you do a search for 2 bedroom condos in Park Slope, it says the average price per square foot is $738 at list. However, the apartments in Park Slope give you the space under your feet, not above your head.
“deep into that no mans land of gowanus” ?? it is 2 blocks from Smith st and the entrance to Carroll St subway station. 1 block outside Carroll Gardens historic district.
Industrial looking street, yes, for sure. But that kinda ‘vibe’ has a appeal obviously to some (as development of Dumbo, streets over on other side of BQE, etc, etc, etc)-
and just around corner on same block is quite residential.
Also not that far a walk to 5th avenue park slope restaurant and shops.
Yet, the facing of the building I’m not so sure will stand up to weather. And one needs to like that scarano steep stair mezzanine thing.
> “Why is this a lousy block, snarkslope?”
It strikes me as a high price for such an industrial wasteland of a block. I walked by there last weekend as I have been meaning to check this place out. I like the facade, but the location is not doing it for me. I can’t see paying glitzy prices for gritty locations.
it’s deep into that no mans land of gowanus. surrounded by desolate dead end streets. and if i remember correctly, very poor street lighting at night. bxgrl you should google streetview it.
love the facade and the interiors. Why is this a lousy block, snarkslope?
Why do you say priced same as prime park slope?
here is said priced average of $600sq ft.
Earlier thread today about new 4th avenue bldg (which is less than prime PS) priced at $700 sq ft..and that thread says that is $700 sq ft price is a little better than 2 other 4th avenue bldgs but higher than Novo.
So would seem to me Santori prices are not at as high as not prime park slope.