Co-op of the Day: Turner Towers Whopper
Our Turner Towers love-fest last week prompted one reader to bring our attention to another, larger listing in the grand old co-op. This seventh-floor three-bedroom weighs in at a whopping 1,800 square feet and has a large dining and three bedrooms to boot. Downsides? The kitchen and bath “need work.” The price tag for this…
Our Turner Towers love-fest last week prompted one reader to bring our attention to another, larger listing in the grand old co-op. This seventh-floor three-bedroom weighs in at a whopping 1,800 square feet and has a large dining and three bedrooms to boot. Downsides? The kitchen and bath “need work.” The price tag for this pre-warry goodness? $1,100,000. Any recent comps in the building for this? We couldn’t find anything relevant on Property Shark.
135 Eastern Parkway 3BR [Douglas Elliman] GMAP P*Shark
Sparafucile:
Your note indicates that the demarcation line between Park Slope and South Brooklyn lasted 100 years or more!
I imagine the designation “Park Slope” will eventually extend to Bay Ridge and “Prospect Heights” to Albany Avenue, if left to the realtors and speculators.
NOP
Lucille,
You can see by my above comments that I totally agree with you about the price being insane. Although I think 800K makes a little more sense. 500K would be obscene.
But I do have to disagree about the neighborhood. Vanderbilt in the last 10 years has made a major resurgence, now lined with fashionable stores, restaurants and bars.
The other major addition to this neighborhood is the new Richard Meier building, which has elevated this area of Prospect Heights into the limelight with apartments in that building commanding some of the highest ever recorded in the history of Brooklyn.
Underhill and Washington have also made progress, but I believe more is in order to come in line with these prices. Either that, or prices must come down a bit.
The rest, I totally agree with you.
I am a staunch, unrelenting admirer of pre-war apartments, and plan to own one of my own in Brooklyn one of these days, but I have to say that this pricing is completely insane. It just goes to show how drastically the real estate dialogue has changed in the bubble. Over a million dollars? To live 15 subway stops from midtown? With a whopper maintenance reflecting years of deferred charges? In a neighborhood that’s been “up and coming” for the better part of ten years, and making little real progress?
Yeah, the park and museum, etc. is a huge bonus, and I’ll never live in Manhattan — never have — so that comparison doesn’t hold up for me, but a million-plus is going to look very comical a year from now. You should be able to buy this for half that.
Christ, I’m starting to sound like The What.
“(Another historical tidbit: Any part of “Park Slope” below Fifth Avenue was dismissed as “South Brooklyn” during my grandparents’ generation.)”
You must have very young grandparents. I’d say it was well into the 1980s that Park Slope ended above 5th Avenue, particularly as you go farther south, into the numbered streets.
Sam,
1. No, I’m not a New Yorker. I’ve lived here for 9 years though and plan to stay.
2. I did not think those buildings were projects…I said my friends did. But I’m just trying to illustrate to you that the first response to many people seeing those buildings upon first glance is…project. It makes the thought of a house being sold for Malibu prices across the street, worthy of discussion, I think.
11217 if you thought those Congress Street buildings are projects, you are not a New Yorker.
I could see how one may think that from that fish-eye cam on Google street view, but not in person.
That’s just crazy talk.
Sam,
It’s very easy to see how those buildings on Congress could be considered projects. I’ve walked by there with many friends from Manhattan…ALL of whom thought they were projects.
Not everyone has such a discerning eye as you.
As for the subways, the 2/3 is close by, but the other apartments I linked in the North Slope (for the same price) are also around the corner from the Q train, which is far superior, in my opinion. 4 stops to Union Square and 6 stops to Times Square.
Brownstoners:
Eastern Parkway — and Park Avenue, Fifth Avenue (along the park), Riverside Drive, West End Avenue, etc. were deliberately built without retail (except the occasional corner) originally by private agreement and then by zoning as “first class” residential thoroughfares.
For Eastern Parkway, especially, the separation of domestic and commercial life was important for people whose memory of living in Lower East Side and East New York tenements was fresh. In these “lower class” districts, Eastern European immigrants and their off-spring lived above shops. To become middle-class (and assimilated) meant living on a prestigious street without them (and in buildings called Martha Washington, Abraham Lincoln and Woodrow Wilson linking aspiring first- and second-generation Americans with their country’s history). That makes it less convenient for people today, but no less interesting for Brooklynophiles like me.
And PHFamily, I’ll split the difference with you.
Yes, there’s Prospect Heights High School, a former women’s vocational school that had a summer day camp for neighborhood kids that I attended once for a couple of weeks. And there’s “Prospect Heights” in the history books. But in my decade of living in the area I never heard the name used by anybody living on the parkway, Grand Army Plaza, Vanderbilt Avenue or the sidestreets. It’s popular use is a relatively recent phenomenon, paralleling the spread of brownstoners from Park Slope to establish a rival “brand” against the more expensive neighborhood on the other side of Flatbush Avenue. In my day, there were a few, big, fat Brooklyn neighborhoods (Flatbush, Crown Heights, Williamsburg, etc.) and none of this fine shading block-to-block — so advantageous when selling brownstones and condos.
(Another historical tidbit: Any part of “Park Slope” below Fifth Avenue was dismissed as “South Brooklyn” during my grandparents’ generation.)
As for this apartment’s price: It’s about half what one would pay for a one bedroom in a condominium neighboring my Manhattan co-op. And given the state of the market, I imagine quite negotiable. (Although I’d hold off for six months or more before even considering buying anything!)
NOP
A hike to the subways?
some of the comments today are really wacky.
On another thread a beautifully maintained co-op in
Cobble Hill was described as a “project”.
Well, it’s Monday.