Condo of the Day: 100 Jay Street, #4D
This listing at 100 Jay Street (aka J Condo) just popped up on the Brownstoner Marketplace. The alcove studio has a good layout as far as these things go and everything’s still in tip-top shape given that the building’s only been around for a few years, but the major selling point is clearly the large…
This listing at 100 Jay Street (aka J Condo) just popped up on the Brownstoner Marketplace. The alcove studio has a good layout as far as these things go and everything’s still in tip-top shape given that the building’s only been around for a few years, but the major selling point is clearly the large terrace that looks out over Jay Street. Because of that extra 375 square feet of outdoor space, the condo’s asking price of $499,000 is $100,000 more than this studio on the fifth floor. The layouts aren’t exactly the same, but, in broad strokes, think the terrace is worth the $100,00?
100 Jay Street [Douglas Elliman] GMAP P*Shark
For that you could get a 1 bedroom with about 200 sq. ft more in Toren which has about the same amenities.
BTW, other studios in this building have sold for between 475K and 550K.
I think one sold for almost 600K in 2009.
Of course it’s nuts. The layout and finishes are nice for a studio, no doubt, but if I have half a million to spend on a condo, it definitely wouldn’t be a studio.
500k for a studio sounds nuts, but considering that studios in the Chelsea Mercantile building sell for around 800-900K, it puts into perspective the value that some think they’re getting when they move to Brooklyn.
If it overlooks the parking lot, then that most likely means no Manhattan views (which I think is the only reason to live in Dumbo).
Price is nuts. Next.
The appraisal certainly won’t think the terrace is worth $100K. $500K for a studio is nuts.
I’ve never heard of anyone getting asphyxiation from cars parked… outside… not running.
Not worth 100k for a terrace overlooking a parking lot, unless you’re into that asphyxiation thing.
And -2 points for the realtor’s grammar and caps: “SUMMER SEXY STUDIO WITH A ENORMOUS TERRACE”
In Brooklyn, no less…