Condo of the Day: 11 Sterling Place Duplex
We’re unfamiliar with the building but judging from recent sales in the building, the owner of this 2,200-square-foot ground-floor duplex is stretching by asking $1,950,000. By comparison, Apartment 1E traded at about $680 per square foot less than a year ago. Granted, its a lot of space, but it’s only a two-bedroom so it’s not…
We’re unfamiliar with the building but judging from recent sales in the building, the owner of this 2,200-square-foot ground-floor duplex is stretching by asking $1,950,000. By comparison, Apartment 1E traded at about $680 per square foot less than a year ago. Granted, its a lot of space, but it’s only a two-bedroom so it’s not going to meet many families’ needs. Even giving the seller the benefit of the doubt for the the “high end” kitchen and bathrooms, an almost 50% per-square-foot hike during a shaky period for the market overall seems out-of-touch with reality. Anybody seen it?
11 Sterling Place, #1B [Citi-Habitats] GMAP P*Shark
Photo by Kate Leonova for Property Shark
I see 2 Corcoran condo listings – one further up Sterling (by 7th) for about same price and another on Pacific for $1.5m (Boerum Hill but not so far from this) that seem far superior to this one. Considering much of this sq ftage is ‘rec space’ below grade.
I’m not one of the haters that finds everything overpriced or sees neg. about everything… but just looking at other condos in this size/price range — I would say they are seriously overpricing this one.
this is in line with what I see : condos are going for almost 1k a sq ft now. Ok, maybe they get bid down a bit, but thats now the target. Incredible. My theory is that they are so expensive because todays buyers are income rich savings poor, they can’t pass co-op boards. So they just borrow even more money then get a condo, where their leverage is nobody elses business. Better hope there isn’t a recession in finance and fashion , otherwise there will be a new class of sub-prime repo : the $100k/yr repo victim.
They’re nuts. No other way to put it.
Methinks they’re bugging.
$2 million? What?
That might be the widest angle lens on those photos, I’ve ever seen! It’s quite apparent the layout makes the rooms long and narrow. Which the wide angle lens is trying to obscure. In another decorator’s hands this place might not be so bland. It’s just so very beige right now. But yeah the CC and taxes are really high.
brutal common charges too.
that’s ridiculous. didn’t a certain movie star couple with too many double a’s in their names buy an entire brownstone on this exact block for a little less than this last fall? who would want to spend that much money for this no-details no-charm no-windows “loft”? it’s not even in the ps321 district. oh, wait. maybe the broker can find someone who knows absolutely nothing about brooklyn and just say “great location, a certain movie star couple with too many a’s in their names live right down the block…”
My bad on the pic. The price? I haven’t seen it, but I’ve seen similar duplexes, either further down Fifth Avenue, but in PS321, or further up Sterling, at $1.5m.