Price Cuts at Lefferts South
Looks like revamping the marketing strategy for Lefferts South wasn’t enough to jumpstart sales at the condo. Streeteasy is showing price cuts between $20,000 and $44,000 on five of the Caton Avenue building’s remaining nine units. When the building first started selling last February, apartments were asking around $500 per foot—prices that seemed fairly high…
Looks like revamping the marketing strategy for Lefferts South wasn’t enough to jumpstart sales at the condo. Streeteasy is showing price cuts between $20,000 and $44,000 on five of the Caton Avenue building’s remaining nine units. When the building first started selling last February, apartments were asking around $500 per foot—prices that seemed fairly high for the neighborhood. Now that units are selling for slightly less—between $375,000 and $499,000—it’ll be interesting to see whether there’s more interest, and whether these prices impact what nearby developments like Caton Court are asking. Where’s the bottom on this baby?
Brokerage Switcheroo at PLG Condo Project [Brownstoner] GMAP
2233 Caton Avenue Listing [Prudential Douglas Elliman]
New Development: The Oddly-Named Lefferts South [Brownstoner]
And by the way, 3:50, the two guys who tried to mug me in Williamsburg (a white woman) were in their 20’s and WHITE. I currently live in a racially mixed, mostly black neighborhood and your racist comments are disgusting.
I couldn’t agree more with 1:36. Brooklyn isn’t the easiest place to buy — if you can find something nice that you can afford than that’s great. I think it’s exciting to see some new developments popping up in the area and welcome those folks who are moving in.
Neighborhoods change…some of what are now the nicest and priciest areas of Brooklyn were once considered by some as “scary.” This area has a lot going for it…transportation, proximity to the park, etc. – there is potential. I’ve been through that section of Caton and Flatbush many times and have never seen anything sketchy. It’s not to say that you shouldn’t be careful but you should be careful anywhere regardless of neighborhood. Two guys attempted to mug me in broad daylight in Williamsburg about a year ago…no place is immune.
to even pretend that this area is as desirable as williamsburg is silly.
there are no good services/restaurants/bars/cafes/stores/supermarkets etc…
and, this is not a brownstone, it’s a condo, so why bring up brownstone brooklyn #2:37? And, apparently you think that there are no brownstones in williamsburg? or in greenpoint? not true, but whatever.
In any case, it is far to the city from Lefferts South. um, don’t most people work in the city?
also, if you don’t think that this area could be scary or dangerous to white people, especially a white woman on their own, then you are naive or very optimistic.
i have been held up more than once. i would never consider ever living near any poor black people again. not alone in that i am sure.
bottom line is anywhere near $500 per sq. foot for these condos is way too high based on comps on condos in better neighborhoods.
also, many people know that you can travel from south to north and back on the B61 or the G.
I find that area scary too.
A lot of hair-trigger tempers and public
anger. Scary.
2:37.
“Scary” is also relative. I’ve been in that area a number of times on foot and by bike and never felt worried for my safety.
2:37.
Far is relative. For many people in brownstone Brooklyn Williamsburg, despite it’s proximity to Union Square, is the other side of the world–you have to go through Manhattan to get there by subway 🙂
BTW, although this condo isn’t terribly far from PLG, it shouldn’t be indexed under that category.
it’s overpriced. williamsburg was trading some units at $500 per sq foot.
this area is far and a bit scary.
I was just noting that the “I bought… blah, blah, in a ‘nicer’ part” could be interpreted with a little extra and probably unnecessary snark on top.
It’s a pretty nasty buyers and sellers market right now, and everything seems overpriced in this city — esp. in Brooklyn.
In the end, if your home brings you joy and you can afford it, more power to you.
The gnome part is precious.