Condo of the Day: The Heritage at Park Slope
We know a heartwarming story when we come across it, and we’re happy to share this one with you. It’s called “History is a Simple Tale”: Many, many years ago a man bought a building. He became a father. And then a grandfather. Down through each generation the building was passed. And today it is…
We know a heartwarming story when we come across it, and we’re happy to share this one with you. It’s called “History is a Simple Tale”:
Many, many years ago a man bought a building. He became a father. And then a grandfather. Down through each generation the building was passed. And today it is ready to be passed on once again. As a new building. A residential building. To you.
So goes the marketing lingo for The Heritage at Park Slope, a 21-unit condo on 2nd Street between 4th and 5th avenues. And guess what? People are buying it, for around $800 a square foot (NateFind even reported a price increase on a unit a few weeks ago). The pitch’s nostalgia trip probably has a lot to do with the building’s brick-face design, c/o Karl Fischer. Durukan Design took care of the interiors, which sport “custom Italian kitchens” and bathrooms with “soaking tubs and separate glass-enclosed shower stalls.” History’s not coming cheap here, but maybe the success of the non-newfangled design has a lesson to teach other condos?
Heritage at Park Slope Listings [Halstead] GMAP
Development Watch: The Heritage at Park Slope [Brownstoner]
obviously if prices have been RAISED once already, they aren’t doin too bad…
3:01 here – I like Park Slope – its just that this stretch between 4th and 5th (barely considered Park Slope a few years ago) has alot more of the negatives found in Bushwick, Clinton Hill then Center Slope.
As for the units in contract reflecting a “new” market price – lets see – I dont consider 1/3 of the units going to contract to be the final arbiter on pricing.
Maybe if the builder gets the dealers off the stoop and cleans up some of the graffiti he’ll sell the rest
12:54 Maybe you should think about some assimilation into your new neighborhood. I am sure your building, I mean condo, is lovely, but telling someone to move becuase their house appears to falling apart just means you didn’t get any love from your momma who had you tended to by some illegal nanny from the carribean becuase your momma didn’t have the time or patience to teach you some manners.
If it is selling (which it apparently is) then these ARE today’s prices, 3:01.
I’m sorry that you haven’t come to grips with it yet, but this is New York. Very expensive.
I sold a studio not far from here for 400K last year. These are the prices for the neighborhood.
You can continue to complain about them, but I highly doubt it will deter anyone from buying around here.
People love Park Slope. You seem to not like it so much. That’s the way of the world.
If you think this is the only building in New York City trying to bank on the future gentrification of a neighborhood, you haven’t really been around too much.
I’d feel tons safer buying something here than in Bushwick, Bed Stuy, Crown Heights, Clinton Hill or any number of neighborhoods that charge very high prices for very little in actual neighborhood quality.
I think this is way ahead of the curve in comparison to those places.
People do not pay $850 a sq ft to live in Bed Stuy, CH or PLG – especially a condiminum. Also the housing in those neighborhoods are surrounded by historically protected and beautiful buildings – what is this condo surrounded by?
No one is saying that in 5yrs it won’t be amazing, the issue is what it costs now (because you are buying now). This block may be “changing” but it isnt “changed” and they are pricing it as if it has already arrived. which it hasnt as evidenced by the drug dealing, graffiti, people “hanging out” and rats that I see virtually daily on my commute to and from work.
This condo may be close to Blue Ribbon but it is way closer to the 4th Ave McDonalds that is the victim of arm robberies on practically a monthly basis
(by the way I believe there was a drug related homicide at 2nd and 5th within the last yr or so – cant recall)
The issue here isn’t that the place is “bad” – just that it is priced in a manner that doesnt reflect TODAY’s reality.
“will be 1000-1200 psf in 5 years.”
Which should work out to about $500 Canadian.
um, people pay 1 or 1.5 million dollars to live in bed stuy, crown heights, plg and those neighborhoods have just STARTED to change. they are still crime ridden and filthy in areas.
they aren’t 2 blocks away from blue ribbon sushi. nor do they get to send their kids to one of the best schools in new york city for free.
this neighborhood has changed and is still changing, but it’s far from unsafe or filthy.
these are something that in 5 years, you will reap the benefit of moving into a slighltly off the beaten path.
will be 1000-1200 psf in 5 years. guaranteed.
The building is great, the apartment layouts and descriptions look amazing and it is currently zoned 321
– the problem I see is who wants to spend $850sq ft on something that is “changing”?
Personally for $850 a sq ft I don’t want to wait for the drug dealers, Ne’er-do-wells and graffiti to leave (and such problems are still fairly prevalent on this stretch of 2nd St); For $850 a sq ft I want it to have already changed!
(and before this degenerates – this is not about getting poorer people or any racial group to leave – it is about crime, safety and filth)
i have to say, the vermeil does seem to have gotten its act together.
they are building again, new website, etc.
i think prices are a little lower than when they were initially marketed by brown harris stevens.