Condos of the Day: 255 1st Street
Corcoran just launched the sales campaign for 255 1st Street, the 32-unit condo that once upon a time was called The Gowanus (despite being located between 4th and 5th avenues). Thus far, only five listings have popped up, ranging from a $800,000 one-bedroom to a $1,100,000 three-bedroom. The pre-opening sale was held on Saturday. Anyone…
Corcoran just launched the sales campaign for 255 1st Street, the 32-unit condo that once upon a time was called The Gowanus (despite being located between 4th and 5th avenues). Thus far, only five listings have popped up, ranging from a $800,000 one-bedroom to a $1,100,000 three-bedroom. The pre-opening sale was held on Saturday. Anyone go?
255 1st Street Listings [StreetEasy] GMAP
Oh yeah?
I live in a $1.99 million townhouse in Park Slope that I bought in 1993 for $240,000, so there.
…and my wife shaves her armpits.
JEALOUS?!
Jealous? I think not. I live in a 1.9 million dollar townhouse in Park Slope, I bought it in 1994 for less than 250000.. I am not jealous of anyone who spends 800,000 on a crappy 1 bedroom. I feel sorry for them and I hate the developers and real estate agents who peddle this crap and make a 6% commish and 1000$ a sq. Ft. God people do you really want to own this bad? Get over it. Just rent. ANd by the way the one a block away on 4th that is really skinny is a real winner too.
Dear idiot/broker:
The word you are looking for is “envy” and not “jealousy”.
I would also suggest that neither word is applicable in this case.
The most apt word for any feelings I might have towards any prospective buyers would be “pity.”
Brooklynnative,
People have been paying too much these past 3 years.
The real question is, when real estate prices start dropping, will the desirable neighborhoods of Brooklyn continue to be desirable?
If so, the price drop won’t be severe and prices will start going up again once the idiocy in the credit markets has been resolved.
But if it becomes less desirable (e.g., the stuff going on in crown heights right now gets worse or starts spreading to other neighborhoods), watch out, because wealthy people with young children who moved here in the last 5 years will move to Long Island and New Jersey so fast your head will spin.
And if that happens, those 800 sq foot L shaped condos on 4th avenue will be selling for about 450K.
Yes, everyone who thinks that these aps are overpriced crap are jealous and have no money. If that makes you feel better after paying 1m to live there, so be it. I’ll think of you whenever I’m getting my car fixed, buying office supplies, or getting some McNuggets.
JEALOUSY!
Polemicist I think the better argument is that it took from 1646 until 2000 for prices to reach 300 a square foot. In the seven years since, they have gone up over 700 a square foot. Were people wrong for centuries or are people paying too much these past seven and a half years?
JEALOUSY!
no, he’ll just spend that 800K in rent over the next 50 years.
then have nothing when he retires.
and nothing to leave his kids.
enjoy your 15k a month 1 bedroom on that fixed income in 2050.
hope you are saving like crazy.