Condo of the Day: 505 Court Street
We’ve always been a little surprised at what a tough time 505 Court Street in Carroll Gardens has had in the market. Despite being the highest-profile loft conversion in a hot neighborhood, the building had a tough time moving units when it went condo back in 2005; a year later, in the summer of 2006,…
We’ve always been a little surprised at what a tough time 505 Court Street in Carroll Gardens has had in the market. Despite being the highest-profile loft conversion in a hot neighborhood, the building had a tough time moving units when it went condo back in 2005; a year later, in the summer of 2006, the building zigged to rentals before zagging back to condos that fall. Streeteasy shows ten units currently for sale, including this top-floor duplex asking $679,000, down from $715,000. Have some of the problems that initially caused problems been dealt with? Any current residents care to chime in about their experience in the building?
505 Court Street [Corcoranl] GMAP P*Shark
A few weeks ago I walked into the lobby of this building hoping to check out a few available apartments. The scene I encountered was unreal-a resident was screaming-yes screaming at the front desk person, accusing the her of being rude to his guests, losing packages, and horrible lack of service provided by the management company. I followed him into the elevator area and asked if he would recommend the building. He said buying here was the worst mistake he has ever made. Apparently, the super hung a picture and bookshelf which almost killed him in the middle of the night, just a laundry list of rude and insensitive things that he rattled off just left me in awe. I walked out of that building and I will never return. Given my personal experience I could not purchase something in this building or feel confident recommending it to others…
jbes,
I completely agree with you on the fact that based on someones life situation, to live in a condo like this would not be practical for someone with a family. I can relate to your situation because I have a family as well and would never want to raise my kid in an area like this. I’ve been looking to find a nice 2 family house that is affordable and it is very hard to do so, especially in Brooklyn.
I was looking at a few areas in Staten Island and there were some places that were beautiful, with a great school district within a very reasonable budget. I’ve lived in Brooklyn for awhile and I love it here, but I’m at a point in my life where things have changed and I can’t enjoy it as much as I use to. I guess it’s hard to grow up and face reality, but it’s life.
Would you ever live in Staten Island?
11217 & SnarkSlope
Please don’t live here – In fact, nobody should be talked into living here from reading a comment on a blog. The only people who should live here are those who find it to be to their liking and who think they are getting a great deal. My unit was a great deal and I love it and the building. Simple.
You likely don’t live here and are haters. What else is there? Yes, I am planning to move on at some point at which time I will do very well selling my unit.
Please don’t consider living at 505 Court unless you think you are getting a great deal.
Need to add to in response to one of the posts. We weren’t kicked out and are not bitter. We loved living there when we were just a couple, but have no desire to raise our kids by the BQE or Gowanus. Just not for us.
We were renters before the conversion. The apartments are unique for sure. We loved our Manhattan skyline view and high ceilings. We didn’t love the management at the time and the building had/has a lot of inner problems. Plumbing, etc. We had a horrible ant problem that I doubt they could fix. We did get a lot of dirt from the BQE even though we weren’t on that side. I don’t think it’s the healthiest of locations and now that we have kids I’m glad we moved on. I think the common charges are too high and will go up. The floors weren’t put down correctly and are warped. I could go on and on. Shame because it really is a cool building inside.
Actually when you factor in the maintenance and taxes, they are not great deals at all.
They are pretty bad deals, in fact. In a marginal location. These will not be appreciating anytime soon if they weren’t even able to sell out during the past 3 years they’ve been for sale.
When people buy property in New York City, they factor in not only the purchase price, but the monthly costs to maintain them. In light of that, these are overpriced. Which is the reason why they aren’t selling.
If they were such “great deals” they’d all be gone by now.
March 1 I agree with you the bottom of court is getting real nice. Frankies 457 is wonderful. These apts are a great deal when compared to other similar type condos.
March1 – If you love it so much, why are you already planning your exit?
March1:
Your post was a parody, right?
There’s no way your real estate broker spoken comment was for real, was it?