House of the Day: 303 Park Place
As we’ve saying for a while now, prime Prospect Heights is where it’s at. The nicest brownstone blocks match up to just about anywhere in terms of charm, there’s a funkiness that is completely missing from Park Slope and the houses are, what, 30 to 40% cheaper? As a result, a house like 303 Park…
As we’ve saying for a while now, prime Prospect Heights is where it’s at. The nicest brownstone blocks match up to just about anywhere in terms of charm, there’s a funkiness that is completely missing from Park Slope and the houses are, what, 30 to 40% cheaper? As a result, a house like 303 Park Place, even though it’s relatively small, will have buyers lining up, we think, to pay the asking price of $1,595,000. Especially when you take into account the 131-foot-deep lot and the surfeit of well-preserved details in this place. Agree? The first showing’s not til May 17th.
303 Park Place [Brown Harris Stevens] GMAP P*Shark
Oh I see Bob999 already pointed it out. lol.
Charles the broker for this Park Place house said “abounds”!
Anon 3:57pm. FCR does not have a good track record of attracting high end retailers. Fort Greene and PH were already pretty expensive nabes when the new part of Atlantic Terminal opened. Aside from an incredibly badly stocked Target (that’s Target fault of course not FCR’s), the stores there leave a lot to be desired. I’d be happy to see this change but I’m not holding my breath.
anon 12:31 – exactly what economics of commercial RE leasing are you talking about? Yes there will be national chains — but more likely that Houstons and Banana Republic will replace Old Navy and Chuck E Cheese at AY itself, supporting the viability of vibrant independent retail/restaurants on Vanderbilt. Chain creep sucks, but its inevitable. I wouldnt want to live on Dean Street during the construction, and Im not looking forward to driving through the Flatbush/Atlantic/4th intersection 10 yrs from now, but AY is going to a huge uplift for PH
prospect heights is one of brooklyn’s best kept secrets (in terms of aesthetics vs. affordability ratio). It’s so hush hush that even the PH residents don’t need to boast about it; they don’t need to ‘rep’ that hood; they simply enjoy it. I absolutely adore it but I would be concerned about buying anywhere near AY until we know for sure that this project will be built correctly. There’s just not enough oversight to ensure a happy medium of ‘quality of life’ vs. alleged ‘city benefits/revenues’.
Dear Jdm at 7:11pm —
Here’s a serious shout out to you and all buyers looking at properties close to the AY footprint. DO YOUR HOMEWORK.
Yup, you’re right about the parking lot. But even a tiny bit of research will quickly reveal that the residential towers planned for that site will rise 25-45 stories high. So you can forget that streetwall of “only 6 stories or so” you optimistically anticipated. Buyer beware!
Regarding the retail development component of AY, of course it will be national chains. It has nothing to do with basketball fans and everything to do with the economics of commercial RE leasing.
I agree about the concern about low end chain restaurants, but people need to keep in mind, when in comes to future development of Vanderbilt Ave etc., that AY is about the residential buildings (the expensive condos) much moreso than the arena. The people purchasing condos will be wanting the Beasts, SODAs, bakeries etc of Vanderbilt now (and hopefully in the future) moreso than Applebees. They will form the regular customer base. I think any influx of chain restaurant type places will be centered in and around the arena, while P. Heighs will cater to the existing and new residents who will move into the expensive condos in the multiple towers to be built. Just my opinion…
Mr. B –
Are you just taking the broker’s description for the “surfeit of well-preserved details” or have you seen this joint?
Parts of Pros. Hts. has been rezoned Far of 6 i believe. That leads to buying three
houses , maybe two wide buildings and tearing them down to put up a larger building, ala Park Slpe very South. The ugly new housing stock makes you want to barf.