Condo of the Day: 497 12th Street, #1R
It’s hard to get your arms around this ground-floor duplex at 497 12th Street in Park Slope without a floorplan; despite having some nice original woodwork, the layout looks a little awkward and the views aren’t exactly uplifting. Our guess is that the eventual buyers will have a similar profile to the sellers—a couple with…
It’s hard to get your arms around this ground-floor duplex at 497 12th Street in Park Slope without a floorplan; despite having some nice original woodwork, the layout looks a little awkward and the views aren’t exactly uplifting. Our guess is that the eventual buyers will have a similar profile to the sellers—a couple with a small baby (or one on the way). The asking price of $849,000 for the 1,020-square-foot apartment seems a bit aggressive to us, but the outdoor space helps soften the blow. What do you think?
497 12th Street, #1R [Betancourt] GMAP P*Shark
“I’m sorry, but these prices were all artificially inflated by the excessive wall street earnings that are now finished, probably forever.”
While that might be partially true, prices also inflated because NYC saw the level of crime plunge to historic lows, the streets cleaned, the parks returned to their former glory, and the world becoming a more urban place in general.
That combined with the glamour of shows like Sex in the City which has turned NYC into a tourist mecca and NYC becoming a new hub for the television and film industry…(12 major network shows were filmed in NYC last year…19 this year…)
as well as the emergence of Brooklyn as one of the most defined artist enclaves in the world (some now associate Brooklyn in the same sentence as Berlin and Buenos Aires when it comes to the emerging visual and performing arts).
All of these things play a huge factor into making NYC still only the 22nd most expensive city in the world.
If you think it had everything to do with Wall Street, you are more naive than I thought. Me and my 20 something compatriates did not flee the heartland in droves (or lesser known east coast locales) to come to NYC for Wall Street. I came here in search of freedom, of expression, of culture and arts, of fashion and yes…a little of that Sex in the City image that NYC presents to the world.
It has been a wonderful place to live and will continue to be a wonderful place to live.
You do realize that Wall Street did not even exist when the millions of immigrants came through Ellis Island in search of a better life. Wall Street may be important, but is by no means the reason most people love living here.
49712th – the second bedroom looks awfully small. can you fit more than a crib/toddler bed in that space? the layout does look odd.
good luck. i have a friend who is trying to sell a larger 2bd condo apt. in PS for 849k. it has been on the market for over 4 months now…
Remarkable.
I had a 3-bedroom apartment on 12th Street for a number of years. It was great – corner unit, full floor, 22′ wide and 50′ deep, newly gut renovated in 1998. The living room was in the corner and had windows on two sides. When I first moved in, the rent was $2,100 in 2002. By 2006 when I left, the rent was $2,500.
The garden is nice, but this place is narrow – it used to be a tenement railroad. The kitchen is just crazy.
I’m sorry, but these prices were all artificially inflated by the excessive wall street earnings that are now finished, probably forever. $800 a square foot for this place is just nuts. I mean seriously – you can get a smallish house twice this size in Greenwich for the same price and you’ll have a similar commute to Midtown. Why on earth would anyone pay nearly a million dollars for a tricked out apartment that was built for laborers at the Ansonia factory?
Biff! So lovely to see you too. And couldn’t agree more about the crib nook. Adorable.
49712th, I commend you too. And I sent an email of your place to a friend I know to be looking in this range, and who loves and works in the neighborhood. So obviously, I was kidding, as was 11217, about the lighting, exposed brick etc. It is a long running joke on in these here parts.
I like it, 497. Good luck on Sunday. Did you ever consider FSBO?
P.S. Including a floor plan would be helpful – it makes a big difference to buyers trying to figure out how to make the space work…
Yes, 497 12th is brave to delve in here. Maybe people will be nicer now and have compassion for sellers in this tough climate. 497 – hasn’t this place been on the market for a while? I vaguely remember seeing it some time ago… You staged it well, bravo.
I used to live on this block years ago, and it’s an awfully beautiful block. Quite handsome, to say the least…
497 12th, to clarify my point, by “garden” I meant “garden level” or “lower duplex” as you call it. I think the apartment looks very nice, this was just my personal preference for it not being the right apartment for me.