Condo of the Day: 100 Jay Street, #4F
This 1,421-square-foot apartment in the J Condo is nothing to sniff at, but we’re not sure it’s worth quite $1,345,000. If it had high-floor views, perhaps, but this two-bedroom is on the fourth floor. On the other hand, though, it does have a decent-sized terrace. Another data point worth noting: This place sold in October…
This 1,421-square-foot apartment in the J Condo is nothing to sniff at, but we’re not sure it’s worth quite $1,345,000. If it had high-floor views, perhaps, but this two-bedroom is on the fourth floor. On the other hand, though, it does have a decent-sized terrace. Another data point worth noting: This place sold in October 2007 for $1,114,983, a price that seems more realistic today than the asking price. The truth is probably somewhere in between.
100 Jay Street, #4F [Halstead] GMAP P*Shark
Couple of things. The terrace is on the other side of the building from the bridge so the noise is not as bad as being under it (my terrace is on the side of brige and yes its noisy but so it the neighborhood in general and its why I was able to afford a 1400 sqft terrace). Dumbo prices have held pretty steady so 20% of 2007 prices is crazy, also 2007 was not really peak either. The living room/kitchen gets plenty of light, the window is big and the den has french doors letting in light. The kids room off the terrace dangerous? Its not a fire escape and its not 1989 if you mean crime and if you mean your kid can fall well then just move to the suburbs cause your kid is gonna have issues. Overall the building is solid, the comments about elevator is ridiculous, occasional outage of an elevator is common in any building, and show me any new construction that doesnt have some kinks to work out. Overall I think it will sell close to ask. I hope it does!
That kitchen alone is not worth the pricetag on this place. It’s obvious that the only reason the place is priced this high is because of the terrace.
Since apparently widget + 15%-20% = actual closing price, I imagine we can expect this to sell for $1.25 or so.
Doesn’t seem completely unreasonable given the size and location, but damn–that is one mediocre kitchen considering the price tag has 7 figures.
“This place sold in October 2007 for $1,114,983, a price that seems more realistic today than the asking price. The truth is probably somewhere in between [the ask of $1.345m and the 2007 sale price of $1.114m]”
Maly hit the nail on the head, but I will reiterate. If the property only sold for $1.114m in Oct 2007 at the peak of the market, why would it sell for somewhere in between this price and ask today? As Joe Pesci asked about grits in the classic My Cousin Vinny (I paraphrase), “Is this some kind of magic apartment?!? Do the laws of physics fail to apply in this case simply because it is located at 100 Jay Street?!?”
At least 20% off peak comps puts this place in the $900k range unless they did some massive upgrading of what was basically a brand new apartment when it changed hands in Oct 2007.
This is most certainly not a well-constructed building. The elevators are constantly broken and they took major shortcuts all over the place.
this is a very nice well constructed building, but the noise will kill you. terrace is bordering on un-usable. 4 trains, 2 bridges and the BQE – so loud and so much dirt.
i could live with the windows, etc.. but a terrace off a child’s bedroom is potentially dangerous, and the child’s room next to the living room is always dumb. you’re just tip-toeing around them trying not to make noise after they go to bed.
overall, decent space tho.
Yay, a floorplan!!!
Yes, definitely, tiny window in the living room is bad. Though I do like a little den, some place that’s not a bedroom where you can go close the door, and this little den must be lovely when you’re in it, but, yeah, causing problem of windows on only one side of apt. to be worse AND the common space to have simply not enough light. There’s no natural light reaching the kitchen, windowless (proportionately oversized) bathrooms. Not so great . . .
Haven’t prices tanked about 15% since 2007? Why would this condo sell for more?