oro-condo-306-gold-1207.jpg
Say what you want about the design of the Oro exterior (we’ve heard a wide range of opinions), but the views from the top are going to be pretty killer. So we were interested to see an open house listed this past weekend on the top floor in Unit 40F. With three bedrooms and three baths, the 1,647-square-foot pad has definite family appeal too. The price of $1,610,000 is pretty high for the area, but there have been a couple of similarly-sized units at the nearby Belltel Lofts that have gone for around this price. We bet they’ll get within 10 percent of the ask on this one but, then again, we’re bullish on Downtown in general. (Disclosure: The Oro is a former advertiser on Brownstoner.)
306 Gold Street, #40F [Douglas Elliman] GMAP


What's Your Take? Leave a Comment

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  1. 5:23: “what *you’re* talking about” (not YOUR)

    5:32: “we’re the ones *who* deserve it” (not THAT)

    Hey pontificators, let’s at least speak the damn language correctly, shall we?

  2. 4:56 YOU ROCK. Thanks for putting it in perspective.

    The profit margin for this POS is staggering.

    You can hate brownstones or houses all you want, but at least it appreciates over time. This stuff just gets cruddier and tackier every month (see upper east side yuppie projects, et al).

    But I guess this what it comes down to, as the “supposed realtor” (who I’m sure isn’t) sees it: comps.

    And 4:13pm, As far as hipper “less old fashioned” kitchens in modern buildings? I hate to break it to you (since you seem so assured of your hipness), but the fashionable Manhattanites I’ve known over the years have all somehow descended on brownstone brooklyn in the past year (stylists, models, photogs, editors). I have nothing against all this high voltage glamour, but it is weird to have once bumped into these people on Lafayette in Soho, only to find the same crew on Lafayette in Brooklyn. Where do they live? Fuddy duddy old brownstones. And boy do they make mom jeans look hot. 😉

  3. 5:23 = developer, trying to justify the high cost of crappy buildings in medicore neighborhoods selling to rich willing to overpay for manufactured ‘trend’

    crack open the Help Wanted’s, an Architect makes 70,000 – 80,000 year, and when you come down to reality, maybe start developing housing for middle class NYers, cause we’re the ones that deserve it.

  4. And the land is another 200-250 a buildable foot – so now your at – 600-650 a sq ft – plus financing and other soft costs and now your at $700sq ft =1.1M

    Architect – potentially the reason why you and your wife (who are both professionals) cant afford a an apartment that can be afforded by a couple earning 325,000 a yr (which isnt that crazy for 2 architects working in NYC in the biggest boom ever) is because you dont know what your talking about.

  5. Architect here, I always look at new developements in NYC and say to my architect partner, Is this the best that can be done, it’s sad.

    There are alot of things that can be done creatively and not cost alot. We’re not intellectually lazy. The individuals financing the project have alot of say on the design and materials used. Ultimately, we do what the client wants, they pay the fees.

    As an architect, married to an architect. We can’t afford these units on the market. they are overpriced and I don’t think they are worth the asking.

    I know how much things cost to build:
    $200-225 sq, ft. for an average construction
    $400-500 for a high end construction
    Which this one is?
    $400 X 1,647sq. ft = 658,000 (and I doubt this cost that much).
    so why is it listed for 1.6m, cause there people that want to make a tone of $$$ and live outside of NYC in McMansions.

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