Condo of the Day: 255 Eastern Parkway, #C16
We’re so bullish about Eastern Parkway in the long-term that we won’t make too much of the fact that this 1,438-square-foot apartment at 255 Eastern Parkway, which sold for $216,313 in 2003, is now on the market for $825,000. To be fair, that’s not a straight-up four-bagger; the three-bedroom place has gotten what appears to…
We’re so bullish about Eastern Parkway in the long-term that we won’t make too much of the fact that this 1,438-square-foot apartment at 255 Eastern Parkway, which sold for $216,313 in 2003, is now on the market for $825,000. To be fair, that’s not a straight-up four-bagger; the three-bedroom place has gotten what appears to be a top-notch renovation in the meantime. The only thing we can find to complain about is the choice of kitchen counter top surface. The combined monthly charges are a very reasonable $836. There was an open house yesterday. Anyone go?
255 Eastern Parkway [Corcoran] GMAP P*Shark
“polemicists comments are revolting.”
It’s like Captain Obvious made a cocktail out of LOL and awesome…
Make it a double!
Brownstoner:
A fine apartment and building. But the lobby’s “cold.”
Back in the 50’s, when I lived in Crown Heights as a boy, lobbies like the one in the Woodrow Wilson looked like museums. (One on St. Marks Avenue actually had knights’ full-body armor!)
Usually filling up these spaces were baronial tables and stiff back chairs in very dark wood. (Unless the building was neo-Georgian and had spindly Adams-esque lacquered and upholstered chairs and settees.) Sometimes there were commercially-done oil paintings on the walls, usually of an English or Italian country scene. And leading to the entrances were canopies, a few of them with a jazzy stripe.
These were aspirational stage sets for striving middle-class tenants (no co-ops or condos back then), who took the subway every morning to run Manhattan garment factories, small businesses, or professional offices and came home to pretend, at least as they crossed their lobbies, that they were lords of the manor.
Alfred Kazin, the New York literary critic from East New York, wrote that Eastern Parkway was full of “all-rightniks” — in other words, Eastern-European Jewish Brooklynites who’d made good. And boy, did they love to show it off!
Of course, “prestigious address” is in the eye of the beholder. The parkway meant a great deal to first- and second-generation Brooklynites at the time, but nothing to New Yorkers living on Manhattan’s “name” avenues. (Even the very middle-class West End Avenue was considered far above it. As for Fifth and Park Avenues — forget it!)
It’ll be interesting to see what the parkways’s future will be.
A suggestion to owners at the Woodrow: Hunt around the basement. You might find some nice relics from the old days to put back in the lobby. (My co-op did that a couple of years ago and found some really great pieces. The place has never looked better. It’s not drafty-feeling anymore, the way the Wilson’s lobby appears to be.)
Nostalgic on Park Avenue
Buckfast…one poorly capitalized, small, poorly merchandized gourmet store closed. Within 2-3 blocks of that location a new restaurant has opened and another one is under construction. And, a florist and wine bar have begun renovations to their spaces. Additionally a gourmet market/cafe is in the works.
As for “yuppie scum” you’ll be sorry to hear that they continue to move in…both black and white “yuppie scum”
wasder @ 10:49 = hilarious!
I don’t know this neighborhood very well so I am not one to comment on the value of this apartment but I think that Househunt is wrong in saying that condos should be cheaper than coops. This is the opposite of my experience with the market. Also, it does seem in the long run that with the museum there and the express train that this neighborhood is in fact “up and coming” and should be a good investment opportunity.
The hoo-hawing is that this place is asking 2006 prices in this 2008 market. Up and coming in the down and out economy is Bush-like wishful thinking, to say nothing of the comments of muggings in this area.
850 is a big chunk of cash monthly, especially given that the doorman is part time. Condos should cost less than coops and 850 is high even for coops in CH. Besides, coops have good reason to be more expensive and do some vetting of the owners.
Perhaps the owners put major money into the place (it’s strange that there are insiders attesting to efforts of the owners, could it be the owners themselves?) but even if it was 250,000 they’re still expecting to double their investment.
buckfast=what’s nephew
I lived in this neighborhood from 1999 – 2007, saw many changes, and when I visit I still see major forces taking place here. Fast forward five years, Eastern Parkway around the museum/botanic gardens is going to be prime. The price doesn’t surprise me at all.
It looks like the owners put a lot of work into a quality, tasteful renovation of the apartment and a lot of apartments in the neighborhood of this size are priced similarly. I really don’t see what the hoo-hawing is about…
listen here polemicist,u yuppie POS.bed stuy will not gentrify.do some research first.right now there is degentrification hiting bed stuy.all ur organic food stores r closing because of slow business.yuppie scum r moving out of the new condos,getting robbed to much.remember when yall tried to gentrify red hook.ha ha.how did that one turn out?