Condo of the Day: 145 Park Place, #2B
The owners of this two-bed, two-bath condo at 145 Park Place are selling the place they’ve owned since early 2007, but it’s not to leave the building. They’re buying a bigger place upstairs. In addition to the location, this place has a good layout going for it. The price of $925,000, however, seems pretty aggressive,…
The owners of this two-bed, two-bath condo at 145 Park Place are selling the place they’ve owned since early 2007, but it’s not to leave the building. They’re buying a bigger place upstairs. In addition to the location, this place has a good layout going for it. The price of $925,000, however, seems pretty aggressive, especially since they only paid $695,960 for it a year and a half ago. Anyone have any general comments about this building?
145 Park Place, 2B [FSBO] GMAP P*Shark
Condos of the Day: Park Place Doubleshot [Brownstoner]
Lots of Price Cutting at the Park Place Condominium [Brownstoner]
Who said they’re having a problem with buying another unit in the building? They don’t exactly seem rushed to sell if they’re asking $800/sq ft. If they bought it that long ago, the can probably profit off of renting it out until the market bounces back.
Pay near asking now, or more than asking a year from now.
There are other new 2 bedroom units in that building for sale at higher prices with crappy layouts, no light and tons of street noise on the Flatbush side. I think this is the only apartment left on the Park Place side of the building. Everyone flaming on this isn’t looking to buy a place. I hope this apartment goes for 7 figures just so I can see all the pissed off comments!
I like this building fine from the outside and the apartment looks good from the pix but charging anything more than $800/SF is a bit optimistic.
I’m sure it’s a nice enough apartment but no way is it going for that price in this market.
It really doesnt matter what they paid or when — it definitely isn’t worth that much now.
I agree that it was very silly for the sellers to mention that they are in the process of buying another place.
In other words, they telegraphed their urgency to move this place. So bid low and make their problem your opportunity!
I was at this apartment on Sunday for the open house. I saw a flier and *had* to see what they thought was worth the high price.
I was pleasantly surprised. It’s a doorman building with huge courtyard and gorgeous roof deck. There’s a parking garage and it’s less than half a block from the Q/B.
The couple who owns the apt did a lot of work in it. None of the new units in the building came with overhead lighting, but they had recessed lighting put in every room. They had some custom-made built-ins done too. It’s gorgeous with a wonderful layout. I was surprised how quiet it was, too.
I don’t know if they’ll get asking for it, but they’ll get a profit, for sure. The guy said they actually went into contract on it about 3 years ago, just as construction began. So it’s not been a year and a half. It’s been three years.
Nice apartment on a nice street in a nice neighborhood.
Let the haters hate.
i know some people in a place down the street facing flatbush that is almost twice the size thats renting for 4k. However the building isnt as nice that is a huge difference.
I personally dislike this building enormously. I know others feel differently. The entrance on Park Place feels cold and isolated, and I really don’t like being that close to (on top of) Flatbush. The apartments feel too angular and steel. It has all of the negatives I associate with modernism without any of the openness and flow that sometimes comes with buildings of that ilk.
That being said, I know some people like the building just fine. And it does have great subway access. But regardless of your feelings on the building, this place is simply not worth a single red cent more than these people paid in 2007. Top price for this place? $695,960. Full stop. Maybe some idiot will pay more, who knows. But I would be surprised.
How much was initial purchase price? They should ask only 25k more than that given no broker commission.
Totally ridiculous. They’d be lucky to walk away with any profit from their initial purchase. Overpricing like this can backfire bigtime.
I agree with Fjorder: close to $1mil to live on the edge of Flatbush?!? No thanks!