Condo of the Day: 401 Hicks Street
The converted church and rectory known as The Arches at 401 Hicks Street went on the market in early 2005, selling at between $500 and $600 a foot. Apartment B-1D, for example, which is 1,724 square feet and has a private 168-square-foot terrace, sold for $990,000 in February 2005. The apartment just came on the…
The converted church and rectory known as The Arches at 401 Hicks Street went on the market in early 2005, selling at between $500 and $600 a foot. Apartment B-1D, for example, which is 1,724 square feet and has a private 168-square-foot terrace, sold for $990,000 in February 2005. The apartment just came on the market again, though at the higher asking price of $1,350,000. Think a 35 percent increase over the last two and a half years is reasonable? We suspect so.
401 Hicks Street [Douglas Elliman] GMAP P*Shark
And what is the biggest surpise of all…….yes that’s right it is another Scarano Architects PLLC job that has won numerous city, state and national awards for the adaptive reuse of the structure and working successfully with the Landmarks Preservation Commission and DOB on its creation…….amazing.
correct – this is not in the church.. it’s in the rectory.
lack of windows? that is just like any brownstone. windows in the front/back.
bqe? you will barely notice when in the courtyard.. and zero inside. this unit is set off to the inside, not facing the bqe.
shlep to the subway – 10 min to boro hall, 5 min to bergen F.
i live in this building, and i am simply honestly reporting (in a much smaller/cheaper condo). price may be a bit much.. but i do think it’d be hard for you to find a better deal in this area. i mean, 12′ wide 1000 sq’ homes in warren place (right across the street) went for 1 mil. cmon.
Usually annoyed by all the posters who say about everything, “worth $200,000 less” etc. But in this case, having looked at these apartments, I have to say that the BQE noise was prohibitively unpleasant. I’d be shocked if it went for this much, +35% in 2 years ofrising anxiety about market slowing.
401 Hicks is the old rectory building, but the church shown in the above photo is actually 101 Warren. The condos in the church have much more character, lots of intricate columns, tall arched ceilings and stained glass windows, very cool and unique.
well, whatever.. just saying that the asking price is going to over the asking in 2005. i bought last year. not sure what you mean by inflation.
anyway, just went and looked at comps. there is so little in cobble hill. this isn’t too far off.
I’m not asking that it feel like a cathedral. Just that it not feel like the basement room that was fine when I had no money, not so fine at around $1.5 mil.
Next.
What about real prices, 3:00? I mean after inflation. Dollar’s in freefall.
I would guess toning down the church aspect makes sense in order to appeal to non Christian buyers.
The kitchen is so open it’s practically spread eagle. Have people no shame about their dirty dishes?
2:25pm
think you are mistaken. prices have risen since 2005. i bought last year and now have 2 different realtors interested in my place. one for $400K over what i paid and one for $500K over what I paid. decided not to flip, but was tempted. and, that’s in this mkt, soo?? it depends I think.