Condo of the Day: 100 Jay Street, #16H
Here’s a pretty swanky three-bedroom pad at the J Condo in Dumbo that’s particularly notable for the fact that its asking price of $1,349,000 is firmly on the south side of the $1,000-a-foot mark where most of the other listings in the building seem to hover. Couple that with the fact that the apartment is…
Here’s a pretty swanky three-bedroom pad at the J Condo in Dumbo that’s particularly notable for the fact that its asking price of $1,349,000 is firmly on the south side of the $1,000-a-foot mark where most of the other listings in the building seem to hover. Couple that with the fact that the apartment is family-sized (1,592 square feet) and immaculately put together and we could see this place getting some traction with buyers. Not necessarily at the asking price of $1,349,000 (cuz who pays that anymore?) but realistically within 10 percent of it or so. You think?
100 Jay Street, #16H [Douglas Elliman] GMAP P*Shark
This is a sincere question – no snark intended.
why does dumbo command such a premium?
I didn’t know the manhattan bridge had two sides.
For $90,000 less, you can pick up a three bedroom, three bath duplex atop the Toren and have use of a pool! A POOL! Need I say more? Come on folks… do some comping before you list your place at a ridiculous price. $1.39 million for a simple, uninteresting single floor three bedroom, or $1.3 million for a duplex three bedroom with bigger rooms, a pool in the building and you’re within a few blocks of every subway line that runs through Brooklyn as opposed to just the F train.
One main difference between this place and your average 1970’s 1400SF house is that the 1970’s house very likely would have had 3 bedrooms and 1 bath. Today people insist on a bathroom for every bedroom. That cuts into your livable square footage. Take out the extra 1.5 bathrooms in here and you’ve got much more space for living and/or storage.
And let’s put this into perspective… here’s what 3 bedrooms are going for in the Forte are starting at now:
3 Bedrooms/2BA $775,000
That’s almost half of what they are asking for in this building. Come on owner, you bought at the height of the market and you may have to take a loss. $1,000,000 at the most and that’s only because of its DUMBO address even though it’s on the wrong side of the Manhattan Bridge.
People think those rooms are small? Are you folks insane? That apartment has more square footage than the house in South Brooklyn that I grew up in.
Family friendly perhaps. But what school is that family supposed to go to? There’s no elementary school down there and the one you’d be zone for is nothing to write home about to say the least.
And then there’s that whole slave to the F train thing. No thanks!
1600 sounds pretty darn big to me. I thought pretty much all hi-rise layouts were economical like that, never seen any different. I think if you rule out the “open kitchen thing”, you’re kind of limited.
F it. Unless they build “The Blunt” next year, this is my apartment.
a typical house in USA in 1970 was 1400 sq ft. This condo is almost 1600sq ft. Of course now houses are up to 2350 sq ft. but to call this a 2 bedroom seems pretty out there or very entitled or someone who dreams of living in a McMansion.