Grand Ave Brownstone Conversion Hits Market
When we bought our house more than two years ago, this brownstone on the corner of Gates and Grand was barricaded up, looking like someone was about to being work. Only it wasn’t until a year or more had passed that the crew showed up. As the reno progressed, we were a little skeptical the…
When we bought our house more than two years ago, this brownstone on the corner of Gates and Grand was barricaded up, looking like someone was about to being work. Only it wasn’t until a year or more had passed that the crew showed up. As the reno progressed, we were a little skeptical the windows, but apparently those fears were unfounded. We had heard rumors a few months ago that the building was going to be divided into condos, but it wasn’t until yesterday, when we saw a sign on the side of the building, that its fate was confirmed. We have not been inside, nor have we seen pictures yet, but one broker we know told us that it was extremely well done. The house is five stories, so evidently they’ve been able to create a five-bedroom unit that they have on the market for $1,585,000 and still have room for another decent-sized apartment. The only bummer about them achieving anything close to this price is that it will make it awfully hard for us, as one of the only other five-story houses on the block, to resist the temptation of doing the same. Hopefully Jerry will have some pix up soon!
Grand Avenue Condo [Corcoran] GMAP
$1,585,000 for 3312 ft sq works out to about $475/sq ft. Which is reasonable.
However, the mansard roof concerns me. It looks really sloped.. How practical is that space? Living under a mansard roof might be OK for the servants, but at $475 sq ft that attic space seems a bit pricey.
I understand your point Shahn, I’m just saying that the price point is not that far off for the amount of space you get. I just don’t know whether there are people in the market for effectively owning 3/4 of a brownstone in the form of a condo. Might as well go whole hog and own the building and rent out an apartment (or two if the place is big enough).
Brownstoner would move to Cobble Hill in a nano second and you would never see nabes like Clinton Hill and Bed-Stuy highlighted on Brownstoner ever again!!!!
Brownstoner, do you know what floors the 5br unit is on? Parlour to the top (4 floors) or 3 floors. I’m curious how they divided it up.
The price is not outlandish at all. The full house, totally restored/renoveated would fetch far more than 1.585MM, even in this softer market – entire four story (not 5 story) brownstones in this area that still need a fair amount of work go for that price.
I’m just curious as to the market of people looking for such a large condo. It will be interesting to see how it does and what the other unit will be. Common charges are low for the 5br.
>>The only bummer about them achieving >>anything close to this price is that >>it will make it awfully hard for us, >>as one of the only other five-story >>houses on the block, to resist the >>temptation of doing the same. >>Hopefully Jerry will have some pix >>up soon!
This I don’t understand…why is it hard?..you either value living in a house or you value cash+living in a condo…isn’t it fairly straightforward?…what will make it much easier is that fact that the price is stupid so they won’t get it!
Brownstoner– if you did the same typ eof condo conversion would you live in the 5 bedroom or sell the 2 units and move elsewhere? Not sure a 2 unit condo is really worth the effort, but what do I know.
This looks beautiful but the price is absurd. One question: has anyone ever heard a broker say that an interior renovation was not “extremely well-done?”
Tough crowd this morning, Mr. B
Yeah, what IS the latest with the drug dealers? The barracades have been down for months. BTW, we affectionatly call that block “The Bad Block”, which is funny considering that Andrian Grenier is renovation a house on that block. 🙂
No, there’s a 5th floor with mansard roof