$2,000 a Foot in Gravesend? You Betcha
A new development called The Venetian going up on Avenue P in Gravesend is a rather not-so-subtle reminder that not everyone covets the brownstone aesthetic. The fellow who brought it to our attention claims that apartments at the over-the-top residence are selling for between $700 and $1,500 a foot. Our tipster also notes that Sitt…
A new development called The Venetian going up on Avenue P in Gravesend is a rather not-so-subtle reminder that not everyone covets the brownstone aesthetic. The fellow who brought it to our attention claims that apartments at the over-the-top residence are selling for between $700 and $1,500 a foot. Our tipster also notes that Sitt Asset Management, the company that is behind the Venetian, also has assembled another two sites nearby, one on Avenue U, and the other on Ocean Parkway and R. The Ocean Parkway project reportedly will be even more luxe, with per square foot estimates in the $1,300 to $2,000 range. In what is sure to elicit accusations of narrowmindedness and provincialism (heck, given some recent threads someone will probably find a way to call us sexist or racist), we’ll go out on a limb and say that we didn’t know that there were that many folks in Gravesend packing this kind of buying power. Different strokes for different folks.
The Venetian [431 Avenue P] GMAP
Introduction [Venetian Plaza]
just walked by this monster . i live 10 blocks away . but i had to see this. unfortunately the artist rendering is much nicer than the actual building,i am born and bred here.44 years,, Whats the marketing plan for this to tell every one they have a lovely view of the original location of the Bank that was robbed in “DOG DAY AFTERNOON”. The developers should just gift this building to the city for a new highschool.
the Oceana is a very unique product for the russians its on the water in the nighborhood they built avenue p is not russians that can afford this wont buy here maybe the Sephardic community will buy a few but the prices will come down i grew up in this area and still live there russians no chance syrians maybe price chop no question
I THINK ITS A BEUTIFUL AREA TO LIVE IN. IVE LIVED IN GRAVESEND ALL MY LIFE, AND EVERY BLOCK IS BEING RAFERBISHED AND MADE TO BE BEUTIFUL BY ALL THE NEW HOUSES BEING BUILT. I MEEN CUMON ITS ALL MANSIONS AND THE PRICES ARE THROUGH THE ROOF, BUT YOU GET WHAT YOU PAY FOR. MOST OF THE PEOPLE THAT USED TO LIVE IN GRAVESEND ARE MOVING OUT BECAUSE OF THE PRICES THERE GETTING FOR THERE HOMES, THAT ARE BEING PURCHASED MOSTLY BY THE SYRIAN JEWS WHO ARE BUYING TO SECURE THERE CHILDRENS FUTURES FINANCIALY.
I have lived in Midwood my whole life (I’m 25 years old) (and am only 2 blocks away from the Venetian, which they are only currently starting to build by the way). (Yes, 2 blocks away is considered Gravesend.) But I can definitely attest to some of the HUGE houses in my area (especially on Ocean Parkway).
This neighborhood is a very family oriented neighborhood (there’s a lot of elderly people here too), so there are not many people my age living here, so that’s tough… The neighborhood has gotten more diverse over the years, so it’s not only Orthodox Jews and Italians now. There are a lot of Russians and Asians also, which is good, because I have always been part of the minority in the neighborhood. But, everyone in the neighborhood is very friendly to each other, and we look out for each other.
It’s true- our neighborhood is very “unknown” to many “outsiders”. Only in recent years have people said, “Oh, you live there.” Most people my age prefer to live in Downtown Brooklyn. I don’t think I would disagree with them. But if you want to raise a family in a safe neighborhood with VERY good schools, definitely live here.
One question for anyone that can help: I actually want to move out of my parents’ house, and would like to eventually buy a coop or condo (I CANNOT afford these multi- family houses or even a single family house near me.) Does anyone know where an up-and-coming area would be, to buy a place for still relatively cheap right now (and hopefully make money off of it in the future)? Or do you guys think I should try to buy a place near me, and have a huge mortgage for the next 30 years? Any thoughts would be great!
Thanks a lot!
Please remove post above this one.
To jan. 10 2:53 pm – That is correct and this one got the venitian from the one that was to be on the canal. (I named it)
Anon at 8:27 is slightly off–Midwood has huge houses, eat the lots, but pretty small families. This is a very well-to-do Orthodox area and what’s true for the rest of the world is true for the frum–the rich get richer and the poor get children. The big old-fashioned families you see in Borough Park, Crown Heights and Williamsburg are not the norm in Midwood. In fact, there’s an inverse–bigger families tend to own smaller homes. Having grown up in south Brooklyn, I miss the lawns, porches and really quite generously sized houses that are disppearing to very cheesy and vulgar shamansions.
Juat a note, there are mostly Syrian and Sephardic Jews, who are very wealthy and great business people. All of there families like the area-Gravesend or Ocean Parkway or Midwood and such and look for housing within the area/community. They have improved the housing stock in the area. Some developments are very big and out of place, but if they build it, some will come.
:O)
Apologies to Petunia – TOTALLY misread your post. Thought you were on the side of the foul language brigade…. I do think there are McMansions in Midwood, though. Please forgive. Lame attempt at sarcasm directed at misunderstood post.
Petunia – You’re a bitch, how’s that? Try driving through Midwood again, by the way.