Condos of the Day: 473 Clinton Avenue
The brownstone condo conversion at 473 Clinton Avenue in Clinton Hill hit the market about five weeks ago, and so far none of the three units have found a buyer. The listings include a top-floor mini-loft for $629,00, lower duplex for $1,275,000 and an upper duplex for $1,195,000. The renovation, while not preserving every detail,…
The brownstone condo conversion at 473 Clinton Avenue in Clinton Hill hit the market about five weeks ago, and so far none of the three units have found a buyer. The listings include a top-floor mini-loft for $629,00, lower duplex for $1,275,000 and an upper duplex for $1,195,000. The renovation, while not preserving every detail, appears play up some of the larger architectural elements like the window, door and chair railing moldings. (The recessed lighting lovers out there will also be pleased.) The location’s pretty good too, less than a block from the C train. The pricing is pretty high on a per-square-foot basis for the area, but it also looks like a much better job than some of the other brownstone conversions nearby. Time will tell.
473 Clinton Avenue Listings [StreetEasy] GMAP P*Shark
This is a pretty terrific renovation–I’ve been inside. Obviously the prices were set before the recent financial melt-down, but it’s definitely as nice as the condos on Grand and Gates that sold (albeit in a different world) for $1.5M each. So I don’t think this is as crazy as it sounds. The top floor is the full floor (the front is set back and hence invisible), and Clinton Hill this close to the subway has indeed fetched over $600k / floor in the recent past. Btw, the developer is hardly a Johnny-come-lately, but has been doing historic restorations in Ft. Greene since the 1970s when many Brownstone fans would never have been caught dead in this area.
Mini loft? That’s funny. This is a joke, right?
650k for a 1 room, top floor unit that is slightly larger than some walk in closets and is located in a borderline neighborhood?
I hope the developer falls behind in his mortgage payments so this can be foreclosed upon and auctioned off for the real value.
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Yeah, as much as I love Clinton Hill this price is absurd. I just bought a whole four floor house in close to move in condition for less than either of these duplexes within blocks of this location. Don’t know what they are thinking here. Nice enough renovations all things considered but they are seriously going to have to cut these prices to move these units. My guess is that each duplex would move at 800 and the “loft” at 350.
If you are among the few left who has enough money to buy a million dollar home, buy a whole house, or buy a co-op in a big building. Buying a third of a brownstone is just not that terrific. It will make for sleepless nights when your neighbor is laid off and five months behind in the maintenance.
BH76 : You want 40% off . Move to Vegas not here not now.