Set Speed Condo Report: Manhattan Park Condos
This week we step outside our comfort zone a bit and take a look at a McCarren Park development called the Manhattan Park Condos which are being marketed by aptsandlofts.com. Located at 297 Driggs Avenue, this project looks to have 14 units (two to a floor), two of which are in contract. From the website,…
This week we step outside our comfort zone a bit and take a look at a McCarren Park development called the Manhattan Park Condos which are being marketed by aptsandlofts.com. Located at 297 Driggs Avenue, this project looks to have 14 units (two to a floor), two of which are in contract. From the website, they look to be 1 and 2 bedrooms with outdoor spaces in most units. There’s not many financial details on the cost of the units other than the asking prices, which in our opinion is high. One bedrooms are asking $579,000 and up while two-bedroom units are anywhere from $715,000 to a whopping $995,000. From the floorplans, the one bedrooms look to be no more than 650 square feet and the two bedrooms no more than 800 square feet. Given our estimates, this suggests that prices are running at almost $900 per square foot.
Amenities include the usual stainless steel appliance suite, the ‘floating’ bathroom sink. Most units have glass curtains and the elevators open out onto the units. The condo is located within a good 8 block walk to the crowded L train at Bedford and a 2 block walk to the G train at Nassau. As anyone who goes to thedevelopersgroup.com website can see, there are numerous new condominium projects that have already sprouted up and are in the pipeline. This increased supply does not bode well for Manhattan Park’s high prices. In addition, the finger building next to Planet Thai off of Bedford and the huge ‘Edge’ project on Kent will add another few hundred units to the market.
Manhattan Park Condos [Aptsandlofts.com] GMAP
Listings [Manhattan Park Condos]
Every Thursday, ltjbukem, whose own blog Set Speed scrutinizes the progress and quality of new developments in the area we know as Brownstone Brooklyn, pens a guest post about goings-on in the condo market with an emphasis on new projects.
Hey, Mr. Hunting, keep your underground marketing schemes out of this! Let’s talk honestly about this project. I am interested in going to see a 2-bedroom in the building. What I like most are the glass walls (Light!! + views), new everything, an elevator that opens up into the apartment… Has anyone actually seen it in person besides Mr. underground hunter? Think I might shclep to the open house this weekend. Keep you posted. Keep me posted.
Hey Mr. hunting, come down a bit.
First of all, I don’t work for aptsandlofts, nor for any other real estate company, it is just as I told earlier, I am a Hasidic resident of Williamsburg, so I love this blog, and others dealing with change of my neighborhood and the surroundings, if you don’t believe me, vel ich reden tsi dich in plain yiddish…(ask your jewish freind to translate this for you)
It is just that I know very well the developer, he has been in contact with Elan from the developers group, but decided to go with apts and lofts instead, and he told me that he is extremely satisfied with their performance and sales so far.
And of course, time will tell, and if you don’t see a change in marketing firm soon, than we will all know where exactly you work, and how trust worthy you and your company are.
we came back (earlier post anon Jan28 6:08) to see if anyone had any advice about the building and the unethical way we were treated and pressured. a little suprised to see complaints about our wanting to stay anonymous and we’re being accused of being on another broker’s payroll!? are you serious? if you are in fact who you say you are then why do you stay anonymous? the post following ours seems to me to be apts & lofts trying to save face with one more bullying tactic. mascarading and pointing out that you are a Hasidic Jew? apts & lofts really thinks the public is stupid. the broker, who we know for a short time is from a manhattan firm and is not familiar with apts & lofts nor the developers group. why wouldn’t these two firms cooperate if they are working on the same product in the same neighborhood?
could we please get some real people to help us out with their experiences and views on other properties in the neighborhood? no matter who is the broker – please. we’d never come back here regardless of how much apts & lofts bullies us. we stayed anonymous initially because we read so many hostile posts. now we’d never open ourselves to this. Brownstoner, ltjbukem, any advice?
I am involved with the development of this building and can tell you the previous post that mentions that the developer is seeking outside advice is COMPLETELY FABRICATED. Unfortunately in this business, and with the advent of “the blog”, rumors are spread under the veil of anonymity. Many real estate companies were competing for this job, so I think it’s logical to assume that bitterness and sabotage are the intent of the (real estate) blogger. My advice to that blogger is to concentrate on your current below-par marketing campaigns to win the affections of developers. Beware to all. Do not believe what you hear on the internet, where all is anonymous. Also, do not trust the judgements of a pro-brownstone website and anti-new condo website. Clearly opinions are biased. This project is a-buzz… from the horse’s mouth.
LOVVVVVVVVVVEEEEEEEE ITTTTTT!!!!!!
Take a look. Well worth it.
Looks like the Developers Group is resorting to desperate tactics now that other real estate companies have some action on the park.
I just bought in this building and it’s incredible. Views are to die for! Finishes are amazing. And my experience was stupendous. The atrcocities going up around it do not compare. This is really a stand-out. Be weary of blogs that go up here, as competing real estate companies make s#*t up all the time. Snaky business. Used to be in it myself.
Anon 6:08
It seems you are on the payroll on some other real estate brokrege firm.
As a Hasidic Jew, I know personally the developer of this property, and he is extremely satisfied with their performance, so are the developers of some other properties in the hood being marketed by aptsandlofts.
Next time try a different approach, maybe it would be better then hiding under anonymous postings in blogs.
apts&lofts is getting desperate. when we took a reluctant look at these and they said we could get a better deal if we dumped our broker and went direct to them. I was a bit taken back, anyone else think this is weird? some of these places are like $1000 a square foot. won’t be back to this thing only because of the fast talking pressure ridden experience the first visit. another well traveled friend of ours heard the developer is seeking advice from other brokers and mad as hell about their poor performance and ethically challenged approach.
ltjbukem, are you a broker?
These new buildings stick out like a sore thumb. Not with the spirit of the hood at all. Quality of constuction is not great (just pass by and look at the outside). Time will prove this.
Give me a 100+ year old house with good bones any day! They are worth all the work. They will be around for another 100 years. These new ones won’t.