825 Classon Launches
The Prospect, aka 823 Classon now listed as 825 Classon, launched its sales effort last week, noted commenters on Brooklynian. Despite the building being located on Classon Avenue between Saint John’s and Lincoln Place, the brokers are promoting the neighborhood as Prospect Heights (though the building’s name kinda made that a foregone conclusion). There are…
The Prospect, aka 823 Classon now listed as 825 Classon, launched its sales effort last week, noted commenters on Brooklynian. Despite the building being located on Classon Avenue between Saint John’s and Lincoln Place, the brokers are promoting the neighborhood as Prospect Heights (though the building’s name kinda made that a foregone conclusion). There are 24 one- and two- bedroom units with a small one-bedroom going for $299,000. The two-bedroom units are in the upper $600s. Most notably, two bedrooms around 2,500 square feet are going for more than a million bucks! From the Corcoran listing, the interiors looks pretty nice to us, but we’ll see how those prices go over. Update: two units have already gone into contract
The Prospect listings [StreetEasy]
Development Watch: 823 Classon [Brownstoner] GMAP
See here, crackheads can be good for property values. They are always eager to work in order to get a fix, so movers will find a pool of cheap and easy labor. Also, if the new hipster residents need THC delivered, the crackheads will surely oblige. The list goes on and on…
If the 2-bedrooms get to the $550K price point or so, (which is I think about the price for a prewar coop around here) these will be interesting.
actually, this stretch of classon is already coming on very strong resturant wise, whatever that’s worth. There’s clavellas (sp?) very good mexican, Glass Shop (excellent coffee place) and Abigals (bistro, could be good but meh). and there’s a new place on Lincoln called Lincoln Post that I was hoping was gonig to be a bar or resturant but actually seems to be, as the name would imply, a high end store for postal boxes and photocopying.
having said that, it’s true that there is also a lot of drug traffic in immediate area, particularly in one of the buildings directly across the street. it’s not aggressive, but it’s very much there. for a while one guy was actually leaving his “drops” outside the security booth for the contruction site.
there’s is also a storefront church attached to the northside of this building–I’d think long and hard before buying anything on that side.
be interesting to see how this goes.
I don’t have any perspective on pricing, being not in the market, but I live near these and am seriously wishing i could buy. They are only 1 avenue and one block from the 2/3/4/5/S stop at Franklin, and a very short walk to prospect park. The area on Franklin they are near is getting seriously nice, too.
They look gorgeous (I’m insanely jealous of the French-door fridges) but $650/sf seems very, very high–that’s really rolling the dice on gentrification. This is far enough east that the local restaurant scene is Franklin/Classon/Washington and not Underhill/Vanderbilt/Flatbush (except for Cheryls and Blue Marble–everything on those streets is not only several blocks west but several blocks north as well).
If Franklin turns into the next Vanderbilt, then these will prove to be a great value. If not, they will prove to be overpriced.
Of course, as someone who just bought a place just west of there (btw Washington and Classon on Sterling), I’m rooting like heck for these to succeed–they’ll make nice juicy comps if we have to resell.
got to say, those listing pics look pretty nice – nice layout, finishes, light,…
the location & price on the other hand is not so.
Yup, blowfish. There are a ton of places a few blocks away housing people going through rehab at one of the various clinics in the area.
The pricing on this place make a little bit of sense. I wouldn’t pay that much to live there, though.
did not know about the crackheads