Condo of the Day: More Union Street Priciness
As long as we’re on the topic of expensive Union Street condos, it’s probably worth taking a gander at the mini-palace atop the aspirationally-named Shinnecock in Park Slope. This is the smaller of two penthouses atop the new (2004?) highrise between Prospect Park West and 8th Avenue. The asking price of $2,350,000 is almost a…
As long as we’re on the topic of expensive Union Street condos, it’s probably worth taking a gander at the mini-palace atop the aspirationally-named Shinnecock in Park Slope. This is the smaller of two penthouses atop the new (2004?) highrise between Prospect Park West and 8th Avenue. The asking price of $2,350,000 is almost a 50% hike over what the current owner paid back in March 2005. This wouldn’t be the first time someone paid $1,000 a foot in this neighborhood (someone paid $950 a foot last summer for a place on the 12th floor) and to be fair the views and loftiness of the apartment are very nice. Kitchen looks a little shlubby for this price point though. Waddya think?
Union Street Penthouse [Corcoran] GMAP P*Shark
Building photo by Kate Leonova for Property Shark
I looked at this apt. when it was listed last summer (I forget if the price has changed), but the pictures actually look BETTER then the apt. does in real life. It is classic Corcoran photoshopping of the photos on their site. The ceilings are only about 9 feet tall (they seem like 12 feet in the fireplace photo). The roof deck is TINY. The retractable roof (although very cool) takes up nearly 1/3 of the roof space when open (they convienently leave this out of the photos). Overall a great apartment, but very overpriced.
We looked at these apartments when they were still finishing the place. There were many nice things about it, but there were so many windows in the bedroom and they went so low that any furniture you’d want to put in there would block a window, no way around it. That annoyed us enough not to consider it.
Bob999, well sure, for someone who absolutely needs to sell, you’re right it’s a bad strategy to list too high. But the point being made is that for a property owner who wants to test the market during a slowdown, and see if he can get his ideal amount and if he doesn’t, pull it off the market for another year, this is what he’ll do. It only takes one buyer.
jesus, the second you step outside of this building you’re standing on a city block that, for most of the day, is choked with horn-blasting, a-hole motorheads who want nothing more than to speed off down eastern or flatbush as quickly as possible.
make prospect park west a two-way street to relieve some of the congestion on union and then, maybe, i’ll consider paying good money to live on this block.
this is a beautiful building, it reminds me of 2 montague terrace in the heights, the architect was striving for something different than the ubiquitous and atrocious meier glass prisons or the cheaply made fedders boxes.
i’d gladly buy in this buiding.
This building has had lots of problems. Much money has been spend fighting with the developer on fixes. They might get in the high $1mil. range but anything above that is a stretch. Building is dumpy and is cheapily constructed..
a property listed at over $2M and there are no professional photographs? those photos are terrible and if i were the seller i would be a little irate.
Per the remark about the seller perhaps having the luxury of time (six months and ticking, at this point)– I don’t agree that such would be a good strategy. If your place sits on the market too long, you’ve priced it too high–and it begins to be regarded by buyers as damaged goods. Price it right, and it will sell.
Thank God we’re subsidizing their tax bill ($21 a month). Without public money built into this development, these poor folk would be looking at maybe only a 40% profit in what they paid.