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
Layout isn’t particularly pleasing — and that’s a lot of money for a jumped up railroad with small closets, even with a garage. But I’m finicky about layouts and have come to dislike the open kitchen/lr/dr – it just seems lazy, cookie cutter design. Nice building amenities though.
The main thing for me is that it really feels like it should be a two bedroom with a larger, more open living space. As it stands, the “dining room” feels like it was snugged into the foyer, and the Master bedroom feels like it should be part of the living room.
Seems rather pricey for a two bedroom.
13×21 is a tiny living room? most brownstone parlors aren’t that big!
I think Richard Meier is a better comparable than Argyle.
crimson, I’m only comping the names. one is named after a sock, one after a valuable herb.
pete good catch. they must have set it at “cost +15%” expecting to give up 15% and break even. that’s gonna be disappointing. bid 850.
no way anyone should pay more then a million for this. Maybe they could find the guy who bought the Brooklyn bridge close by
hmm- that living room is tiny. Wow – it’s really tiny
It’s kinda cool – I see the appeal, I wish the LR was larger though
I guessed 1.175
> So where is that 10-20% drop in peak prices?
They can ask for as much as they want. Let’s see what it actually sells for.
Looks like this sold in 2007 for $1.13m.
This is what I keep looking for – resales on relatively new condos.
So this was essentially bought height of market? and now asking 15-20% higher than then. Even Brownster very conservative appraisers are calling it pretty much even from 2007.
So where is that 10-20% drop in peak prices?
any comments?