Condos of the Day: Court Street Lofts
A couple of weeks ago, after the whole rental switcheroo last July, the powers that be at the Court Street Lofts released a flood (okay, 24 to be exact) of new apartments to be sold as condos. The new listings range in price from about $500 to $750 per square foot, which sounds pretty good…
A couple of weeks ago, after the whole rental switcheroo last July, the powers that be at the Court Street Lofts released a flood (okay, 24 to be exact) of new apartments to be sold as condos. The new listings range in price from about $500 to $750 per square foot, which sounds pretty good to us. What does this mean for the people who started renting last summer? Are they out when their leases are up or is this going to exist as part-rental, part-condo building? Typically, banks don’t look too favorably on that sort of thing.
505 Court Street Listings [Corcoran] GMAP
Development Update: Court Street Lofts [Curbed]
Breaking News on 505 Court: Yes, Rentals [Brownstoner]
Me and my fiancee just previewed a few apartments there last weekend. While the F train facing units are not far from the train itself, when the windows were shut we did not hear a sound. I thought the units actually had a lot of charm. To be fair, I think for most people it comes down to personal taste. It is a great neighborhood, granted close to the edge of Carroll Gardens but still is definetly Carroll Gardens. We also noticed two new store fronts being deveopled accross the street, not to mention the two new building even further down on court (near hamilton) which is probably good for the area. Again, its all personal preference but if you like the area, then they seem to be priced reasonably after months of viewing other conds/coops in the the downtown vicinity.
THIS place is a dump. we looked into it last year. no laundry in the units. and no details. crappy windows. lots of noise. absolutely horrific building
The BQE noise is not the trucks downshifting, it’s jake braking (or engine braking). The engine releases the air compressed by the pistons before it can force the piston back down, thus forcefully slowing down the truck.
that turn where the BQE lines up with Hamilton Ave is always a slowdown and needs one of these signs:
http://flickr.com/photos/hamesy/21449096/
http://flickr.com/photos/jinxb/159786892/
not to mention one of the worst problems in Bklyn.
I showed a few rental units there this summer — the listing agent was firm in saying that these were one year leases only with no renewals possible (which turned off a lot of potential renters, too).
Yes, 505 tenants posted negative comments on Curbed, but no false ones. I lived there, and the problems buyers will have to deal with and pay for are serious (esp. leaks from crumbly concrete).
No doubt the negative blogging hurt sales…and had to have been a nasty surprise to the sponsor. Perhaps the potential for negative blog-icity will make future sponsors of condo conversions more respectful of existing tenants.
Took a look around this building and the first thing I noticed is the creaky floors in every unit. There was also a leak in the penthouse unit above the window. Those are just two details, and I’m no contractor, but I everything about the place felt a little slip-shod.
good point – unsubstantiated postings on blogs have been out of control – sales at 505 sufferred from a lot of false/negative postings (primarly on Curbed) – can only assume they were placed by renters who lived in the building, liked living there, & and didnt want to get pushed out by a condo conversion …
I think you are right – 505 is NOT the bldg close up to the F train.
(goes to show you folks – don’t take any comments on this blog or other as fact — As I ‘read on Brownstoner.com that yadda, yadda, yadda’ – so it must be true.)
As I recall there is a new brand (kinda ugly) condo bldg next block south on Court closer to BQE – anyone seen those for sale lately?