Condos of the Day: Price Cuts at 433 Warren Street
The 14-unit, Scarano-designed development at 433 Warren Street in Boerum Hill has been on the market since October but thus far just one apartment is in contract and another three have just received price cuts. (This penthouse with mezzanine, for example, was just reduced from $465,000 to $397,000; this two-bedroom on the third floor went…
The 14-unit, Scarano-designed development at 433 Warren Street in Boerum Hill has been on the market since October but thus far just one apartment is in contract and another three have just received price cuts. (This penthouse with mezzanine, for example, was just reduced from $465,000 to $397,000; this two-bedroom on the third floor went from $649,000 to $598,000.) Think this will have the desired effect?
433 Warren Street Listings [Douglas Elliman] GMAP DOB
Condos of the Day: 433 Warren Street [Brownstoner]
Development Watch: 431 Warren Street [Brownstoner]
Look at good old “alphabet city” – projects galore. The more yuppies, the less crime. the projects are ugly – that’s the main problem. I don’t think crime is an issue in this area. It’s certainly nothing compared to the upper east side (and all of Manhattan for that matter) in the 70s and 80s.
“The Wyckoff houses are pretty bad.”
Compared to what?
“This site has become for sissies.”
Actually, the “sissy” quotient has always been rather high here, from where I sit.
I think the facade is pretty nice. It has a good visual balance. But the location is from hunger. No way. The Wyckoff houses are pretty bad.
This site has become for sissies. Not going to say this is a good location since it is 1/2 block from The Gowanus Houses which are unsightly but not dnagerous. Would point out that a good portion of Smith St. is one block from the Gowanus Houses.
SOLD! to 2:48, who is not scared.
I think it looks pretty good. I don’t mind living near the projects. I’m FROM the projects. I’m not scared.
“$600 psf is much less than the $800+ they are asking for the 4th Ave condos”
and the 4th ave condos are not selling either.
$600 psf is much less than the $800+ they are asking for the 4th Ave condos.
Still though, 1:32 is right. You have to have a $100K in cash and good credit to a 30-year mortgage on this place for $3K a month, NOT including common charges. Personally, I don’t feel like ponying up $100K and an extra $500 a month for the privilege of taking the ownership risk away from the developer.