Condos of the Day: 417 Park Place
The brownstone at 417 Park Place in Prospect Heights has been converted recently into condos; the three units hit the market earlier this month. Other than preserving the original shutters, it’s hard to see much to recommend this place. Then again, there could be some nice aspects to it, but the website and listing are…
The brownstone at 417 Park Place in Prospect Heights has been converted recently into condos; the three units hit the market earlier this month. Other than preserving the original shutters, it’s hard to see much to recommend this place. Then again, there could be some nice aspects to it, but the website and listing are both so poorly done that you’d never know it. Price are $599,000 for the ground-floor apartment, $899,000 for the middle duplex and $779,000 for the top duplex. We shall see.
417 Park Place [Century 21] GMAP P*Shark
I live 2 doors down from this place. While I am not fan of the renovation, it is certainly better than the abandoned near crack house that it was when I moved in 4 years ago. The place was in really rough shape. That said, the extension is awful and very poorly done (watched the construction out my bedroom window). The person who bought it had intended to fix it up for himself and his mother but from what I understand, she fell on bad health and he no longer had the money or will to finish the place for himself. In conclusion, way too much money based on other prices in the hood.
Although landmarking Prospect Heights (coming soon!) won’t stop these ghastly interior renovations — and when will developers learn that it’s so penny-wise and pound-foolish to do shoddy work — at least this kind of exterior mess will be prevented. There isn’t a photo showing it (surprise) but the vertical extension on this house sticks out like a sore thumb.
Ok, I see what you mean … but that building probably isn’t going to go for $600k. It’s going to start there at auction, but likely end up getting driven up by various developers.
Also Crown Heights is a pretty different neighborhood from the area west of Washington. It has some lovely architecture but a lot of rougher sections too.
yes the price seems decent but they did an ATROCIOUS job renovating. everything about this place is whack. we were looking around and my husband leaned on a wall and IT MOVED. it broke my heart what they did to the place to tell you the truth. tackarama.
I was thinking more about something like
http://bstoner.wpengine.com/brownstoner/archives/2008/04/foreclosure_of_7.php
or even something like this (although it is further north and $100k more)
http://bstoner.wpengine.com/brownstoner/archives/2008/12/house_of_the_da_607.php
Here, for example, is a brownstone currently for sale on Park Place, not even one block east, listing for $1.55m: http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1243858&ohDat=
LC Arnett – if you can find me a brownstone two blocks east on Park Place for $899k, please do. Last I checked they were all still well above a million.
$899k will get you a full townhouse in Bed Stuy, East Flatbush, or PLG, but not in PH or PS North.
I hear you tho — it’s insane that $899k doesn’t buy you a full home. The 400% increase that Brooklyn enjoyed during the 2000’s has priced out all but the richest people from buying in any of the nicer areas. Nine years ago, that whole building would probably have gone for $400k or less.
Fjorder – thanks. 🙂
Cwbuecheler- “They’re all further than I personally like to live from a subway stop. Not longer than I *have* lived, but longer than I like.”
it’s “farther” not further… 🙂
I checked these out on Super Bowl Sunday. What seems promising at first completely falls apart if you spend more than 15 minutes in them. As is the case with other new-development/new-conversion some of the choices just leave you scratching your head.
One of the apartments has 3 full-size bathrooms in it … and no tub. Indeed only one of the apartments has a tub, the rest have full-size showers. (Did they get a deal on shower doors?) The detail work is for crap. And, in one laundry closet, the hot-water unit (I’m assuming that’s what that was) is set so low on the wall you wouldn’t be able to get a washer or dryer in the damn thing.
Sure, the spaces are big and the apartments aren’t awful … but at those prices? Not going to happen.