Set Speed Condo Report: 163 Taaffe Place
This week’s condo report brings us to the Pratt University area in Clinton Hill. Located at 163 Taaffe Place between Myrtle and Willoughby, this 4 unit condo conversion marketed by Prudential Douglas Elliman is quite ambitious in its asking prices of $795,000 for units with 2 bedrooms, 2 baths and a den. Common charges are…
This week’s condo report brings us to the Pratt University area in Clinton Hill. Located at 163 Taaffe Place between Myrtle and Willoughby, this 4 unit condo conversion marketed by Prudential Douglas Elliman is quite ambitious in its asking prices of $795,000 for units with 2 bedrooms, 2 baths and a den. Common charges are about $217 for monthly maintenance and $121 for real estate taxes. Included are maple kitchens, stainless steel appliances, marble baths and high ceilings. The listings on the site say that the apartments were “designed and built by a professional architect and entrepreneur. No expenses barred.” The apartments are 1,174 square feet.
Nearby residential developments include 970 Kent, the Chocolate Factory and the Spencer. None of the units in those buildings sold for more than $600,000, although the recently advertised penthouse units at 970 Kent are being sold for $760,000. In fact, a recent resale of a 1,000-square-foot unit at The Kent is asking only $449,000. Transportation options include making the 3 block walk to the Classon Ave G train or taking a bus down Myrtle to Metrotech. With this development lacking a lot of other amenities that are usually associated with an area in which condos are selling for $800,000, James Rigney, the Elliman broker, has his work cut out for him.
163 Taaffe Place [Prudential Douglas Elliman] GMAP
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.
Don’t get too hungup on names.
Clinton Hill doesn’t end and ‘Myrtle area’ begin. I believe person was just saying the more northern side of CH as
‘Myrtle area’ meaning nearest Myrtle Avenue. Just could easily call something ‘Grand area’ meaning near Grand, etc. Generally people will refer from Navy Yard south to Atlantic as the north and south ‘borders’.
As Myrtle Avenue improves – and it is – maybe you’ll feel better about your move.
Where does Clinton Hill ‘proper’ end and where does that ‘Myrtle area’ begin. I’m unfortunately just beginning to suspect that I made a questionable purchase when I moved to the area.
I live in CH and take the G to the 7 into Grand central every day- without a hitch. I think it is a secret weapon. I can sit- yes sit, which I could never do on the 4/5- and comfortably drink my coffee and read the paper every morning and it takes 40 mins D to D. I think we’re rmembering the times when it was truly the worst train in the system, but not anymore (at least at commute hours). and if all these people are moving here now, it will hopefully even improve.
not surprising that these are overpriced. let’s talk about the broker. he worked for corcoran, not a happy ending there; opened his own company “go brooklyn” on myrtle ave., another unhappy ending; and now working at elliman attempting to sell an incredibly OVERPRICED listing on an awful block, not near any transportation, sorry to say but this sounds like yet another unhappy ending.
anon 4:23/5:13, you could most certainly be correct. thats why I said this may be someone’s pfizer mansion. I wouldn’t buy it but I can’t say I’d be surprised if someone else did.
Stuy Blk- This is anon@4:23. My larger point is that the lack of convenient public transportation has not affected the sales prices of brownstones in that area nor the business investment in that area. Look at the number of new restaurants/businesses/condos on Myrtle between Vanderbilt and Classon. Taaffe is so close to all of this new development, it may as well be in Clinton Hill proper. For someone who cannot afford the Pfizer mansion, but also wants to be in a neighborhood with growing amenities, this may be the right buying opportunity.
If you look at the floorplan, the entire space — including about 160 sq ft of stairs/common space and a big x) is 1136.8 so there is no way this is more than about 980 sq ft!
Everyone, 90% of the people who work in Manhattan and live in FG or Clinton Hill take the C train from Clinton/Washington or Lafayette Avenue. Some take the G to LIC and change to the E to for the one stop to the East 50s if they work around there. I wouldn’t get hung up on the G, just how far you are from the C train. Most of the neighborhood is reasonably close to the C with the exception of those people in Clinton Hill who are down past Myrtle (like these condos). FG and Clinton Hill are extremely well serviced by Brooklyn standards for public transport with the exception of that “Myrtle area” part of Clinton Hill where it is a longer walk to the subway.
anon 4:23 – I can only speak for myself regarding the G train and the only reason why I don’t raise the issue of the G train when we’re talking about historic brownstones in Clinton Hill or Ft. Greene is because… well we’re talking about a historic brownstone in Clinton Hill or Ft. Greene. if you can afford the Pfizer mansion the property is worth the inconvenience of the G train. I do think that considering the cost of the properties in that area they do deserve better trains but considering the quality, character and history of these properties one can do without and still have a favorable trade off. you’re talking about a developed overpriced condo. thats like apples and oranges to me but to someone else that condo may be their Pfzier mansion and they may think its worth it only time will tell.