Condo of the Day: The Residence at Windsor Terrace
This new condo on the Windsor Terrace-Kensington border hit the market a couple of months ago, with Corcoran touting its elegance, affordability and style. How so? The eight units evidently have seven-foot windows, crown molding, Jacuzzis and luminous white marble countertops; in terms of affordability, the pricing is a touch higher than at other new…
This new condo on the Windsor Terrace-Kensington border hit the market a couple of months ago, with Corcoran touting its elegance, affordability and style. How so? The eight units evidently have seven-foot windows, crown molding, Jacuzzis and luminous white marble countertops; in terms of affordability, the pricing is a touch higher than at other new developments in the area, like Park Circle. Two-bedrooms are asking between $509,000 and $560,000, or around $575 to $600 a square foot. (At Park Circle, which is about seven blocks away and has larger units, prices are running in the mid-$400 to mid-$500-a-foot range.) Since there are no interior pics on Corcoran’s website, it’s hard to judge whether the finishes transcend the ho-hum exterior and justify the prices. Anyone scoped them out?
Fort Hamilton Pkwy Listings [Corcoran] GMAP
I saw Park Circle and I really liked them (i”m sorry, I happen to LIKE new construction, contrary to most folks on this blogand I DONT like floorthrus — okay I’m weird what can I say) I was very close to making an offer but it was crossing that big street every day to get to the train that really put me off. Plus the fact that there was nowhere to go shopping, I thought I would wind up feeling very isolated. I have not seen these but I do think they are a better location, at least closer to the train at Ft. Hamilton although further from the Park. A parking spot would be nice for when I go visit my folks I don’t have to troll for parking when I’m back.(which is getting harder in WT and I like that the parking spot on these units is included in the price) I would rather have that kind of thing than original detail. What can I say, to each his own, old does not thrill me.
3:03,
Here is someplace twice the size in the same area, and this is only one listing found in about 20 seconds:
– http://www.corcoran.com/property/listing.aspx?ListingID=1087509&Region=NYC
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1099742
475 in prime park slope buys you less than 300 square feet plus deck. Small does not begin to describe it.
I would love to buy old, but it is expensive, and the difference between what I can comfortably finance in a (new) condo versus what will fly with a co-op board is over 100k. I am sure I am not the only one who when looking at $500 co-ops and $600 condos regrettably purchases the latter.
I’ve been seeing floorthrus in North Slope for around 600K. South Slope for less. Would think that the South Slope is the better Comp for Windsor Terrace, but if you can get a brownstone floorthru in the north slope for 600 and not pay all the taxes associated with being the first condo owner, you’re coming out similar, no?
Floor-thru in the Slope for a similar price? What part of the Slope are you thinking of?
Tight living spaces for 500K.
The look of the place is fine- doesn’t really come off as obnoxious, and doesn’t stray so far from the mid-rise brick aesthetic of the immediate area.
Why would someone pay that much for 900sqft and also go through the condo purchasing fees when you could by a floorthru in the slope with similar square footage for a similar price?