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
The asking price is just that, that doesn’t necessarily mean there is a rube out there willinging to pay that price.
One must watch the national indicators as well.
One, AY will be dominated by chains because they have the most money and can pay the most rent.
Two, the stadium will be used a bare minimum of 100 nights a year. Look at the garden for example – hosts 320 (not a typo) events a year.
Three, “doomsday rants miss the mark by a wide margin.” Hardly.
Sorry, back to the house. Er . . . looks nice!
Details ABOUND in this house, people!
I hate the word “abound.” Effing realtor-speak. Next thing you know, they’re going to start calling plants “plant materials.”
I agree that the AY project will bring in chains–and it has nothing to do with assuming that b-ball fans have poor taste. It’s just that if 20,000 people converge on a neighborhood for an hour or two pre- or post-game, cute little neighborhood eateries are not going to service that many people. Big restaurants that are familiar and fast will have a big advantage. I think some people going to events at the arena will enjoy window shopping on Vanderbilt, but more will have a limited amount of time and want to go to a store known to them where they can buy what they have in mind. I also think a lot of condos in this development will be rented out not lived in by the owner. An arena is a destination development, not a for-the-locals project. For good or bad, AY is going to change huge swaths of Brooklyn.
z,
All you have to go on right now is the Ratner track record in the mall–and that is Chucky Cheese and wings. You’ll probably get a chain steakhouse like Ruth’s Chris for the basketball fans but I wouldn’t count on more. It’s not that the fans are nitwits but there is a certain kind of establishment that sports fans from out of the nabe will be looking for. And it ain’t the kind of thing that’s on Vanderbilt now.
What most people fail to realize is someone will be buying this as there home. NY has a lot of people who make in excess of $500,000 per year who can afford this place. Maybe not most of the people responding here. Currently there is nothing on the market that is remotely good for $1.5 mil on a good block in Prospect Heights. Nothing… If the house does go for $600 plus per square foot, the Richard Meier building is selling at $1,100 plus per square foot. For such supposingly smart people everyone forgets that the lot is large and you can probably build a large addition (hopefully tasteful) which increases the value of the property dramatically. Too bad Brownstoner did not research this in conjunction with the proposed value of the place. My gut is that it will sell in the first week..
re “45 home games a year.” There is no way that stadium is only going to be used for basketball. Throw in another 50 or so concerts, circuses, ice capades etc. No way are the Nets/Ratner going to let that thing sit fallow for 6 months a year.
whether concert-goers, sports fans etc. are going to want to stay in the neighborhood before/after events is tbd. I personally don’t.
correction: there could be more than 45 games/year if the nets advance into the playoffs. 🙂
6:39 is not even remotely on the money. for starters:
1. basketball crowds will be there no more than 45 nights a year. it’s ludicrous to suggest that development is going to be wholly focused on people attending games 12% of the year.
2. what evidence is there to suggest that Nets fans prefer Applebees to more interesting restaurants and shops? what is the source of this smug superiority that assumes people who attend basketball games are knuckle-dragging nitwits with no taste?
3. once the gehry towers are built, a large portion of the people who will be attracted to them are those that find brooklyn and local neighborhood niceties appealing. to the extent the new housing development spurs new commercial development, it’s far more likely to be upscale boutique-y fare than applebees and the like.
look, i understand the worry that the character of the neighborhood is going to change in a bad way. i don’t want big box stores and tgi fridays in the neighborhood either. but the parochial doomsday rants really miss the mark, and by a wide margin at that.