Price Cuts at 502 1st Street
It’s been a couple of months since the condo conversion made their debut and so far the sellers are coming up empty. So it’s price-cut time: All four units have been reduced by between 8 and 13 percent. Post-cut asking prices now range from $629,000 for a one-bedroom duplex to $1,050,000 for a well-laid out…
It’s been a couple of months since the condo conversion made their debut and so far the sellers are coming up empty. So it’s price-cut time: All four units have been reduced by between 8 and 13 percent. Post-cut asking prices now range from $629,000 for a one-bedroom duplex to $1,050,000 for a well-laid out two-bedroom duplex that includes the parlor floor. Think this cut’s enough to start getting some deals done here? GMAP
I have to disagree on the characterization of the lower duplex as “well laid-out”. The details are actually nice, and they have left spaces wisely open. However, it felt like they were optimizing apartment units rather than laying out a thoughtful floorplan. The front, lower level bedroom faces the street and cannot be closed off – there’s just a stairwell in the middle of the upper floor that descends down there. The back bedroom is nice, but it’s really the only space that functions nicely as a bedroom. The kitchen is a kitchenette, carved out of the middle of the apartment, and if all you do is order takeout, then it should work just fine.
Then the lower 1 bedroom unit is shaved out of the rest of the space, and the selling point is the backyard. But the apartment itself is bizarre, because, of course, it’s mostly basement. Low ceilings, random layout, strange traffic pattern to even get inside the apartment from the street.
What they should have done was make a true, spacious lower duplex unit with the yard. Instead it’s two apartments that both feel illogical.
not until they replace the front windows with something that the Landmarks Commission would approve. Those windows scream out: landmarks violation!