Condos of the Day: Price Cuts at 192 Spencer
It looks like the developers behind 192 Spencer may have been overly optimistic about the kind of prices the industrial section of northwestern Bed Stuy can support at this stage. The 47-unit building, which we’ve affectionately been referring to as the Kodachrome building, just reduced prices on the first seven units it released in September…
It looks like the developers behind 192 Spencer may have been overly optimistic about the kind of prices the industrial section of northwestern Bed Stuy can support at this stage. The 47-unit building, which we’ve affectionately been referring to as the Kodachrome building, just reduced prices on the first seven units it released in September by 10%; according to Streeteasy, a second batch of seven other apartments was also just released. Prices of available units range from $325,000 for a 634-square-foot one-bedroom to $611,100 for a 1,011-square-foot one-bedroom. Surprised that isn’t selling better? We are.
Kodachrome Building Open For Business [Brownstoner] GMAP P*Shark
‘Kodachrome’ Building Underpromises, Overdelivers [Brownstoner]
thank you for some common sense, 2:12.
I’m not surprised these aren’t selling better and I don’t know why you are, after posting the other day about falling prices all over Bed-Stuy, even on the most desirable brownstone blocks.
This location is a very long walk from anywhere you would want to buy groceries or go out to dinner or have a drink. It’s still fairly desolate. Your transportation to Manhattan is either two trains, or a bus and a train. Much of the surrounding real estate is run down, and there are still plenty of vacant lots within just a couple of blocks. New construction in the vicinity mostly tends towards crappy, small windowed two-families with front yard driveways. Long story short, the immediate neighborhood is pretty ugly.
To buy into a particularly marginal part of Bed Stuy whilst staring a Brooklyn condo glut and a credit crunch in the face? I don’t think so.
For $300,000 you can get a 750 sq. four room apartment in a pre-war co-op in Sunset Park, catch one of two express trains to Manhattan, shop in a very decent supermarket or get your fresh vegetables at ethnic produce markets, eat out Mexican or Chinese, and live in a neighborhood that never burned to the ground like this part of Bed-Stuy did, ie, a neighborhood that looks and feels in tact.
oh cool. that sounds fun.
and someone said park slope was boring….
pshaw!!!
Hey, Brownstoner (1:37), don’t get it. You think this building is ‘fugly’ but in your earlier post (May 31) you were complimenting it (which, according to you, surprised you!). Your earlier semi-approval, by the way, was refreshing given your reflexive dismissal of everything new-build. What gives? Don’t like it any more?
next time call me then, cause I’m down with the three-way
then maybe i’ve hooked up with your boyfriend.
cause i pick up guys regularly in the slope.
Um, I am a co-habitator (seven years and going) and my boyfriend and our fellow co-habitating friends can be found at bars quite often. We’re coupled not dead!
I’ve seen some HOT lesbians in Park Slope.
The gay dudes aren’t bad either.
I agree that Park Slope can’t be compared to the singles scene on the Lower East Side, but I don’t agree that all singles in Park Slope are co-habitating as you say.
Most cohabitators don’t hang out at bars too often and if you’ll notice along 5th Avenue on any given Friday or Saturday evening, every bar is packed to the gills with singles. Real singles. Those looking for ass.
I’d liken the singles scene to that of Hell’s Kitchen more than the Lower East Side.