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This four-unit eight-unit condo conversion at 707 Carroll Street in Park Slope hit the market back in February and underwent a price reduction in April. Four of the eight units are currently available at prices ranging from $595,000 to $695,000. The developer certainly gets points for keeping the original woodwork in place; he gives them right back, though, for designing cheesy kitchens. Anyone looked at these?
707 Carroll Street [Brooklyn Properties] GMAP P*Shark


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  1. I would go so far as to say that I think this is a rare example of a conversion actually reducing the aggregate value of the building. Absolutely nothing of value was added other than dividing up living spaces. This place is more valuable as a single living space. The basic premise that a conversion leads to higher per square foot value for smaller units completely falls apart if you don’t do the work to add the value.

    I got the strong impression when I looked at this place that the developer ran out of money. I feel sorry for anyone who puts blood sweat and tears into something like this and comes up short (people should, after all, be rewarded for taking risks like this), but sympathy doesn’t change the product that isn’t being sold.

  2. what bkoriginal said. I looked at these apts because they appeared to be priced well. This is one of the worst conversions I have seen. I walked in and walked right back out. Told Mrs. Jackal there wasn’t any point in unloading the kids so we could all look at it together.

  3. Melanarchy – never. Rooms without windows are dens at best. Seems developer majorly screwed-up by not combining the 2 apartments for something livable. Their greed will cost them now.

  4. I saw these apartments when they first hit the market a couple of months back. At first, we thought they sounded like a great deal — in the heart of the true Park Slope, right next to Berkley Carroll St. School — and with outdoor space and the potential to build out the bottom level. Sweet! Then we went to see them — not sweet AT ALL. The kitchen is in the back of the apartment and is DISGUSTING. The bedrooms are teeny tiny dark rooms that look out onto air shafts. The worst part — you could almost touch both walls at the same time with outstretched arms. This apartment was about as narrow as a bowling alley. So, for all of the money you would have to put into it to make it livable (thought you can never undo the lack of width), it’s a ridiculous price. It needs at least $100-150K. I knew these would still be on the market months later. They’re totally not worth it after inspection.

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