view facade
This week’s report focuses on a project located catty-corner to the proposed Atlantic Yards project and at the nexus of three burgeoning neighborhoods–Fort Greene, Boerum Hill and Prospect Heights. Located above the Dunkin Donuts diagonally across from the Atlantic Center, this condo project has the benefit of being well-located for transportation options. Given the convenient location, you’d think that this would have sold out quickly. Not the Case: Only 2 of the the 7 units are in contract according to the Corcoran site. The rest of the places are priced from $379,000 for a 527-square-foot studio to $595,000 for a 1,025-square-foot duplex. The fact that these apartments are listed in the Recent Listings section of Corcoran suggests that their asking prices have been lowered considerably since they were originally offered. Common charges are $178 a month to $459/month for real estate taxes for the largest units to half those for the studio.

kitchenA few positives of this project are the central location, good light, nearby access for the religious-minded, quick shopping access and, for some, the availability of duplex units. A few negatives are bad light if the 17 Gehry towers are built at the Yards, noise from 4th Ave/Flatbush/Atlantic traffic and litter from Dunkin Donuts patrons down below. Judging from the pictures on the site, amenities include granite counters and stainless steel appliances as well as wood strip floors. At $495,000 for an 1,149 square foot duplex, these units just might appeal to a single person or young couple who can live in a lively and bustling area and yearns to have a work space separate from their living space. But as of yet, no one has stepped up to the plate.
Atlantic Avenue Condos [Corcoran] 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.


What's Your Take? Leave a Comment

Leave a Reply

  1. Sorry Chuck but I have lived relatively close for almost 2 decades, and have passed that corner at the time of the ‘calling’ probably hundreds of times, and if you call that noise soft- then you should really have your hearing checked.

    As for prostitution I have never seen that, I agree that the restoration on the building is nice, and the DD/BR is better than the crappy bars and restaurants that came before – but you have to aknowledge that in terms of price, all the factors cited (except proximity to mass transit) are negative factors.

    Listen @ $350 s aq ft, I’d think it was great.

  2. The call to prayer goes off once or twice a day, and it is actually very soft. I live nearby, and you can barely hear it.

    “…cascading down the street at incredible decibels…” ? does anyone who’s posted about this project actually live in the neighborhood, or all you all somewhere on Willoughby pontificating on poster campaigns against Dunkin Donuts?

    Blocked light from AY won’t be a factor, ’cause the buildings (if they go up), are directly east. You’ll lose a little bit of early morning light, if any.

    That corner is littered, for sure, but prostitution? Never seen one anywhere around there — unless you’re the prostitute yourself posting.

    They did a nice job restoring that building to fit contextually into the (old) streetscape. Same with the condos on State and Flatbush. It’s a shame there aren’t more of them.

    The place is over-priced for anyone looking for sleepy brownstone Brooklyn. But it’s well-priced for people looking to be in the center of every cool neighborhood in Bklyn, and still get to Manhattan in a flash.

  3. Babs, do you get tired of being the PC police? –

    Evening call to prayers would be worse than Sunday Church bells b/c they are sounded EVERYDAY (and I really dont know but possibly more than 1x a day)
    and IMO the wailing sound of an amplified human voices is much worse than the classic note of a tuned bell

  4. My error, I was conflating a small bomb on the 2 train in 1994 with the later bomb threat in 1997, and somehow associating it with Atlantic Ave.

    In case anyone’s interested (it has _nothing_ to do with Atlantic Ave, so far as I can tell using Google):

    “12/21/1994 Edward Leary explodes homemade bomb that sent a fireball whooshing through a subway car, injuring himself and 47 others. The crude bomb went off while the subway train was parked in a station.”

  5. This will be a prime location in 15-20 years. Right now, it would appeal to recent college grads working in Manhattan who otherwise would have been living in Yorkville but bought into the Brooklyn buzz. Atlantic Ave restaurants are creeping toward third. Mai between Nevins and 3rd is new and tasty.

  6. Babs, I don’t see where David said the call to prayer was worse (or better) than church bells. If it’s equally as bad, that’s bad enough. And not to generalize about all mosques, but I have been outside that mosque when the prayer call sounds — it is damn loud. Would definitely make me think twice.

    Anyone know how often it is sounded?

1 2 3 4