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]
Anyone who wants a two bedroom in this hood can rent one for 3K a month (sometimes less) and that is for best location, best finishes, and they don’t have to tie up cash in an investment that doesn’t have the rosiest of near term outlooks.
This location is terrible and just won’t get better until they blow up the projects, which they won’t ever do…so…what happens next? Rhymes with Schmental.
Crouchback 2:
You are right on. I would add, that a 3-4 BR at the right price will move like turbocharged Porsche. If they are not priced right, like the horribly named (Smith ‘n Hoyt) or whatever its called, they will just sit.
They should have just called it smiffenwesson!
Missed opportunity by the developers on this one. They should have created more 3 bedrooms. I find it instructive that the 4 bedroom was the first apartment to go. Contrary to the negative posts above, there ARE people who would move their families to this location if the right sized space was being offered.
I live very close to this place. In fact and remember when it was a parking lot.
It has a few things not going for it: 1) Its really ugly. It looks bad from the street (and I’m not a scarano hater).
2) not the swankiest block in Boerum Hill. Its sammiched between two projects: The Gowanus Houses and the Wyckoff Houses
3) when its hot and people are getting nuts int he summer, you will hear gunshots. I’m sorry, but that is a fact of life around there. I’m local, I know. I hear the shots.
4) The 800 pound elephant on the block is the Vargas bodega at the corner of Bond & Warren. This place is just sketchy, which skechy characters hanging out in front of that place, and going inside. Vargas is pretty much attached to this place.
5) not the best layouts. And I’m sure its built like criz-ap. It took a lot of illegal workers a long time to build that place
6) they had to re-configure the foundation because they kept hitting the water table. That block is notorious for having floods (I think there are some underground streams or something). I’m sure this will haunt some future homeowners.
On the positive side, even though the block isn’t great (location wise), it is a great block with a bunch of tight knit families.
Why is this person allowed to unleash his fixation of cubes and glass all over Brooklyn?
I was there last week,
There is no mezzanine at all in this project, and i was bidding for this unit, and the broker told me that there are several offers for this specific unit.
Yesterday, it was around 420,000
I dont’ know – is this zoned for ps 261? that’s a great school and 1700 sq ft for less than 800,000 seems pretty good – although I imagine it will come down even more..
maybe if they cut them by 40% and then still only maybe
hell no