Condo of the Day: 505 Court Street, #7N

Is this building still covered in plastic?

http://pardonmeforasking.blogspot.com/2010/06/doehler-die-building-at-505-court.html

Here ya go ISNH…lengthy discussion on this bldg from two years ago:

http://bk.ly/o9i

Seems like a lot of my bias may be dated. They failed in an attempt to go condo in 1982, and the 2004 conversion was a serious of fits and starts. Ownership switched halfway through, tried three different brokers, name of the building changed, went rental again for awhile before re-launch, et al.

Lots of reports about cracked walls and improper drainage – but maybe a lot of that was generated by the renters who were unhappy there ‘insider price’ was like a 5% discount. These started out around 850-900 psf, and ended up at 540 or so like today’s listing.

Pros: awesome ceiling heights, like 18-20 feet. The views from the sixth floor up to the tneth are unobstructed – really stunning. The roof was completely redone by a quality engineering firm that did additional work to shore up load bearing walls (e.g., hopefully cracked walls are a thing of the past). Common areas and lobby have been upgraded; before it def had a rental feel to it, I was quite impressed when I was in it a few weeks ago.

Cons: no w/d hookups in any units, odd layouts, no en suite bathrooms, e.g., you won’t find the bells and whistles amenities you have grown accustomed to with most conversions. They didn’t move the BQE so you still get soot (so much for that ballyhooed private outdoor space), and the F train noise is significant and frequent.

I’m unemployed BoerumHill…I’ve got time 🙂

I wonder if the sale price started with an 8

Actually, the most interesting tidbit on StreetEasy is this:

03/05/2007 – Previous Sale recorded for $954,354.

The current ask is already $100k less than the previous selling price. That’s a confidence booster!