Condo of the Day: 505 Court Street, #10C
This two-bedroom penthouse at 505 Court Street looks pretty good on paper so we’re having a hard time understanding why it didn’t sell last year when it was on the market for $899,000. After being pulled in May 2008, it’s just been re-introduced at the new and improved asking price of $749,000. Combined monthly carrying…
This two-bedroom penthouse at 505 Court Street looks pretty good on paper so we’re having a hard time understanding why it didn’t sell last year when it was on the market for $899,000. After being pulled in May 2008, it’s just been re-introduced at the new and improved asking price of $749,000. Combined monthly carrying costs are $1,391, which is higher than you’d expect for a 1,233-square-foot pad in a newish condo. What’s also weird is that the listing is using the same photos as an old listing for a different penthouse apartment (#10G). So which apartment are the photos really of?
505 Court Street, #10C [Corcoran] GMAP P*Shark
Condo of the Day: 505 Court Street [Brownstoner]
When we looked here two and a half years ago there were also some rent-stabilized renters still in the building. Seemed sort of weird to drop a million dollars on an apartment and have your next door neighbor living in the same spot for a small fraction of the price.
Curbed used to have some ongoing feature about this building with lots of complaints from the people who were renting there and dealing with the sponsor during conversion. The common complaint seemed to be shoddy renovation work, although it did seem as if some of the posters were a bit biased.
However, I know lots of families who live there — affordable 3 bedrooms and zoned for a very desirable public school. Most people use the Carroll St. subway station, only about 6 blocks away (much shorter than the walk from many Cobble Hill homes), since the main entrance is at 2nd Pl. The location isn’t bad if you don’t mind looking over the BQE which some apartments do (and some look over the F train subway as it goes above ground). That part of Court Street has become very hip, with some great restaurants (Frankies, Buttermilk Channel). This apartment is simply priced too high for the market and maintenance right now, but when it’s lowered enough (and I don’t have a clue how low it needs to go) someone will definitely grab it.
I looked at these about 6 months ago and the big windows and views are beautiful but I hate the location (too close to the highway and I agree with other posts about the Smith-8th station being terrible) and was also scared off by terrible reviews of the building around the internet and by word of mouth. My understanding is that this was a really crappy conversion. The high maintenance is about fixing these sins of the past. And you know the old adage that maintenance never ever goes down, it just keeps going up. For the neighborhood the maintenance is crazy high. Some of the units in this place have been on the market for years.
I used to frequent this building regularly – friends of mine rented on the 9th floor overlooking the BQE. What someone else said earlier – they could never open their windows because of truck noise (Hamilton ave exit) and black soot. Not to mention huge south facing windows which basically made the place a greenhouse. Their A/C elec bill was thru the roof.
We looked at this building about 4 years ago. Agree with previous comments. Shoddy construction, borderline neighborhood and views of the always beautiful BQE made the prices they were asking totally unreasonable.
I actually find this place sort of appealing, but then I don’t share most people’s dislike of the gowanus area. It must have really incredible views of the surrounding area and downtown manhattan. It is very close to Gowanus, but the neighborhood is still fairly nice and brownstone-y, consistent with the feel of Carroll Gardens, not industrial like Gowanus proper. The soon-to-be-terrible subway service, however, is a huge problem.
Ah, ok.
Thanks.
not a new building, just relatively newly renovated.
If this is a “newish” condo, why on earth do they still have window unit ac’s?
Shouldn’t anything built after I don’t know…let’s say 1990 have included central air?
We sure this is new and not a loft conversion?