Set Speed Condo Report: Park Circle
As the trickle down effect makes its way through Brooklyn, buyers who are priced out of some of the primer parts of Brownstone Brooklyn have gone hunting in some of the nearby neighborhoods, including the areas by Prospect Park’s Parade Grounds. Looking to stretch their dollars, buyers have targeted Ditmas Park, Prospect-Lefferts Gardens and Kensington…
As the trickle down effect makes its way through Brooklyn, buyers who are priced out of some of the primer parts of Brownstone Brooklyn have gone hunting in some of the nearby neighborhoods, including the areas by Prospect Park’s Parade Grounds. Looking to stretch their dollars, buyers have targeted Ditmas Park, Prospect-Lefferts Gardens and Kensington in search of housing.
This week’s report focuses on Park Circle at Prospect Park, a 30+ unit condominium located at 346 Coney Island Avenue. Units range from a 900-square-foot 1-bedroom, 2-bath to a 1,680-square-foot 3-bedroom, 2-bath. Prices run from $380,000 to $975,000 while maintenance runs from $293/month to $547/month and real estate taxes from $10 to $20/month.
Most units feature outdoor spaces to take advantage of their view atop the southern tip of Prospect Park. There is a doorman, available parking, washer/dryers and a video security system. This address is zoned for PS 130 at 70 Ocean Parkway and JHS 62 at 700 Courtelyou Road per the NYC Department of Education website. As for transportation, the building is located 3 blocks from the F stop at Ft. Hamilton Parkway or a long 3-block walk to the Q at Parkside Avenue.
Brownstoner readers in the past have lamented the lack of quality amenities nearby, like restaurants and grocers. Coney Island Avenue is also quite a commercial street with gas stations, auto body shops and has its share of run-down storefronts. On the positive side, easy access to the Park is incomparable, and if you’re an avid tennis player, the indoor tennis courts are a few blocks away.
New Developments [Corcoran] GMAP
New Condos on CI Avenue [Brownstoner]
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.
Developerxx,
All that change in only three years?That sounds like pie-in-the-sky thinking, but hopefully you’re correct. Time will tell.
I own a house in center slope and a house in Ditmas Park which is few blocks down. The location of this condo is excellent, no problem at night and to the losers here that think that you’re dead if you walk at night I’d say your chaces to be mobed in P.S are greater than in Park circle. It is in fornt of the police station. Few garges and gas stations are not a sign of crimes as ignorants losers are posting here.
Let me tell you about this area: there are 3 hugh sites that are waiting for luxury condos along Coney Island Ave.
300 yards from these condos. I guarnetee
that once it is being occupied at no time you’ll see around 200 more new luxury condos being built. within 3 years all garages and junks will be out and the whole strip will be condonized
big time with big premiums.My opinion there will be a big shopping cneter build on one of these garages/gas stations and you all park slopers will be playing tennis and shopping as well.
I drive by this place everyday, and have to agree it’s ugly. Looking at the floorplans on Concoran, I also see that the rooms are irregularly shaped, which makes it a harder to place furniture well. I don’t know, I’m looking for a place to buy now, but don’t think I’ll consider this building…
Brenda:
Argyle and Stratford run parallel to Coney. Did you mean between Church and Caton?
Actually the walk to the F is easy. If you lived at these condos you’d walk west on Caton to the entrance on the west side of Ocean Parkway. (That allows you to stop by the market on your way home too.)
The walk to the Q and B is less than 10 minutes from there.
As far as it being ‘dead’- there are a number of developments going on there and I would venture that the lot that was formerly used by the nursery might become a new development. Granted it’s not 5th Avenue- but if prospective buyers had $800,000 for a two bedroom they probably wouldn’t be looking here in the first place.
The are is dead in the sense that it’s extremely quiet and there are very few bars and restaurants nearby. Very safe, though.
The area’s dead or you’re dead if you walk there?
dead at night
What’s this area like at night?