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
No floorplan- link on Cocoran does no work.
Anyway, if it was a co-op, it’d be a very good deal. I think potential buyers will be hesitant unless they’re assured that more than 90-95% of the units are owner-occupied.
That place photographs well. Wish they would have shown the bathrooms.
All I can say about the price is if the seller’s get it, mad props!
“prestigious eastern parkway”. does corcoran have ANY credibility with anyone these days? i like the place, but c’mon.
216k sounds more reasonable.
and you can watch the labor day parade from your living room
Interesting observation Polemicist. If what you say about Eastern Parkway having so many RS apartments, I’m sure you’re right.
I strongly agree with Mr. B that Eastern Parkway long term is terrific. Esp. around the Museum and the major Franklin Avenue station. That # 4 and # 5 train jump to Atlantic is one of the longer express runs in the City. Plus you have BK Children’s Museum in CH, Jewish Children’s Museum, and of course the lovely Parkway itself.
Sheesh, the thing is 1.5 blocks from the Brooklyn Museum. It’s a good location.
The problem with Eastern Parkway is the fact so many buildings are rent stabilized.
It has the charm, the architecture, and the transportation. It just needs new residents, and RS will make that a very time consuming process. The same thing is true for larger apartment buildings in Prospect Heights.
In 20 years, much of Bed-Stuy will be fully gentrified as there are so many single family homes and smaller apartment buildings that aren’t subject to rent stabilization. Eastern Parkway will still be moderately dangerous because the vast majority of residents in RS buildings. Too many of such tenants have serious antisocial tendencies that bring the hood down.
I think Corcoran should just start listing everything anywhere in Brooklyn as being “steps from the Brooklyn Heights Promenade, a few short blocks to Prospect Park, and 10 mins into the city.”