Crown Heights Condos Fly Off the Shelves
That was fast: A little more than two months after hitting the market, only one condo is still up for grabs at 794 St. John’s Place. The Crown Heights conversion’s 16 one-bedrooms were running between $229,000 and $260,000. Brad Phillips, the Apartments & Lofts agent who’s been marketing the property, says the price points made…
That was fast: A little more than two months after hitting the market, only one condo is still up for grabs at 794 St. John’s Place. The Crown Heights conversion’s 16 one-bedrooms were running between $229,000 and $260,000. Brad Phillips, the Apartments & Lofts agent who’s been marketing the property, says the price points made the building especially attractive to buyers, who are mostly first-time owners. Phillips also said that though 794 St. John’s was the first property Apartments & Lofts has handled in Crown Heights, its speedy sales mean the brokerage is now gearing up to work on other projects in the neighborhood. When we first postedabout this one in late May, comments ran the gamut from these are steals to I think a crack whore is a nice amenity. Anyone feeling non-buyer’s remorse for missing out on this one?
794 St. John’s Place [Apartments & Lofts] GMAP P*Shark
Condos of the Day: 794 St. John’s Place [Brownstoner]
12:35/1:04
you are the only person to not seem to be able to contribute ANYTHING to the dicussion of St. John’s Place.
Any particular reason why?
I bought an 8 family on St marks between rogers & nostrand and I dont regret it. My tenants are all working professionals and in the three years that I have been here, it is getting better all the time. Has it been rough at times? were there problems? you bet. but I bought early and by the time it is “safe” enough and gentrified enough for the most timid, prices will be sky high and you will regret the opportunity you had in Crown Heights. Ditto williamsburg, red hook, Bed sty, etc. etc.
People who pay good money for a building arent about to let the drugs and crime continue around their property. Eventually things get cleaned up.
Oh, sorry, 12:50. Saying something nasty and calling posters “something nasty” are two vastly different things. And it must not matter that both would be insulting. When painted into a corner, hairsplitting is the technique of choice.
Is Norman Oder posting here?
Two hundred and fifty thousand dollars is a lot of money to most people in this country, including most people in New York. Not everyone is a Wall St. whiz making big bucks. That’s a quarter of a million dollars. The fact that that amount of money doesn’t go too far in this city is pitiful. Be that as it may, I see no reason why anyone should get beat up on a blog for investing in a home, and getting to enjoy the perks of a tax break and the other pluses of ownership. The virulent naysayers, who practically foam at the mouth whenever any one moves into the hood, and is perfectly content, are probably more dangerous than the neighbors.
12:35….it’s because this is not a blog about race. It’s a blog about Brooklyn brownstones and real estate.
Do you have anything to add to that line of thinking or you just want to start a fight that has absolutely nothing to do with the thread at hand?
And btw, you took my words completely out of context. I said I was going to say something nasty (and then decided not to). I did not say that commenters here were “something nasty.”
Is Karl Rove posting on here?
Everyone wants to own a place in the world, but not everyone can afford deluxe accommodations. 250k is still nearly double the average home price in America. Develops have been ignoring the entry level buyer. As a result, when one comes along, people buy fast (even if it’s a hovel next to crack den).
Amazing the amount of block by block expert experience and information that appears on this board. One would have to think that there are anon/guests who have lived literally EVERYWHERE, in order for them to consistantly have such intimate knowledge of a neighborhood at their command.
If someone who actually lived on a certain block makes a comment, I can give their remarks some credence. I wish all of these doomsayers such as 11:25 and 12:33 would just put up or shut up. If the apt owners are happy with their purchases, and they have every right to be, what’s the problem?
“250k to live in a crime ridden ghetto, no thanks.”
People are already paying upwards of 800K for single family homes in this neighborhood, so I don’t see your point.
People pay nearly a million dollars to live in parts of Bed Stuy with equally high crime rates. Same goes with Harlem or PLG.
Can you tell me, when NOTHING is on the market for 250K anywhere in Manhattan or within 30 minutes of Manhattan by subway, what price exactly you think these are worth?
While 250K is still a lot of money, especially for first time homebuyers, you clearly don’t have much of a sense of the New York City real estate market to make such a statement.
Uhhh…earth to 12:12. The Dow has been down six days in a row. The shoe shine boys and girls who caught the falling knives over at 794 St. Johns Place have “no idea how bad it is out there! NO IDEA!…” Even Jim Cramer cries ‘foul’ in the New York market.
http://nymag.com/news/businessfinance/bottomline/35813/
B-b-b-b-b-b-buy later…