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March 9, 2006

New Condos on Coney Island Avenue

condos
Since Thursday in condo day around here, we thought we'd put up this condo development on Coney Island Avenue across from the Parade Grounds. This was the last photo we took on our way back from our tour of Victorian Flatbush last weekend. From the info on Property Shark, we're guessing this development will be known as Coney on the Park. One thing's for sure: The views will be great from these places. GMAP P*Shark




Posted by Brownstoner at 10:50 AM | Comments (25)
Categories: Condos

Comments

I think it's a Boymelgreen development.
Corcoran Group is marketing it, see it here
http://www.corcoran.com/property/nd/index.asp?p=2&BDD=Y

Posted by: mentch at March 9, 2006 11:14 AM

i planned on profiling this in future weeks...great layouts.

Posted by: ltjbukem at March 9, 2006 11:15 AM

coney island seems to have several developements coming. Looks like 4th avenue did 5 or 6 years ago. I think the foot traffic of apartments should help the commercial streets in the area bring in more upscale stores, restaurants, and bars as it did for park slope when those large buildings went in between 4th and 5th ave.

Posted by: Anonymous at March 9, 2006 11:59 AM

The floor plan seems needlessly complicated to me but I'm sure people will snap up the park access at 2/3 the price you can get in Park Slope.

Anon- what other developments are going on Coney Island Ave? I agree that the car wash/ auto parts industry down to, say, Avenue H is pretty ripe for development. After the newly settled owners of the million dollar houses in Victorian Flatbush start getting nice restaurants and other amenities it stands to reason that the condos will follow.

Posted by: Preston at March 9, 2006 12:17 PM

On CIA alone, there are two new condo developments going in between this one and Cortelyou Road. That's in addition to all the new developments (four at last count) in the area bordered by CIA, Ocean Parkway, Caton and Fort Hamilton/Prospect Expressway.

Posted by: Anonymous at March 9, 2006 12:43 PM

That sounds right on the developments in the area. I think the condos come first and then the amenities...which is the way I believe how 5th ave came along, but its probably a little of both the chicken and the egg at the same time. Big apartment developments tend to provide a lot of foot traffic vs. houses with cars/kids.

Posted by: Anonymous at March 9, 2006 1:00 PM

It will be interesting to follow the development on Coney Island Avenue which, up to now, has absolutely no decent residential buildings. The opportunity seems good, however, given proximity to the Parade Ground and Prospect Park.

Posted by: PPSer at March 9, 2006 1:09 PM

I'm curious to find out more- where did you hear about these developments? Online? Building Permits?

Posted by: Preston at March 9, 2006 1:30 PM

You can just walk down the stip and see some of them being worked on - they have signs in front.

Posted by: Anonymous at March 9, 2006 2:13 PM

RE:preston @ 1:30. Indeed, driving down CIA towards H and beyond you'll see them. Also, there were articles in the Brooklyn Papers and the NYTimes about the Kensington developments. Two of them wanted to exceed FAR by buying air rights but the DOB said no. Can't remember the reason for the denial but the articles discussed many of the new developments.

Posted by: Anonymous at March 9, 2006 2:32 PM

This hulking ziggurat may have a "park view," but it's also stuck in a no-man's-land between the Coney traffic circle and a strip of gas stations, with lots of rowdy teens at the high-school next door, incessant truck traffic on Caton Avenue, and the curious proximity of a windowless mega-church and the imperiled Kensington Stables. In other words, a weird locale, directly contiguous only to a funny little residential patch of Kensington behind it (and, of course, whatever other hulking ziggurats are still on the drawing board). It's also on the same strip as the world's most doomed restaurant location...

Posted by: Brenda at March 9, 2006 11:42 PM

Brenda, you mean the restaurant location about half-way from the circle to Caton? Didn't people just give up there years ago? If places like this go up, that location could improve considerably.

I haven't had a chance to look at the actual building, but I think you do its location a little disservice. It is directly across the circle from the tennis courts and the corner of the Park. Not much else around now, its true, but didn't one gas station turn into a bank? There is plenty of traffic around the Circle (not really near Caton, I think), but the uncoordinated traffic lights mean no one is going too fast.

Posted by: David in NY at March 10, 2006 9:50 AM

Oops, I think it's a block farther down Coney Island from the Park than I was imagining, but still not down to Caton.

Posted by: David in NY at March 10, 2006 9:55 AM

Yeah, I think the same could be said of 4th avenue back in the day. Coney Island is caught between two nabes...i.e ripe for developers and more upscale commercial development. I predict they sell like hot cakes if they are priced accordingly.

Posted by: Anonymous at March 10, 2006 10:53 AM

I would buy here before 4th because it is on the park and I expect will be priced quite a bit lower than a building on 4th would be because the brokers can't call this park slope. Often properties at the end of a park are on circles in high traffic areas - like the time warner building - people don't seem to mind that much. These should not be priced at park slope prices, but if they are given a decent discount from what they would go for in park slope - I think they will go fast. They will have great views overlooking a major NYC park and be on a subway line - not bad.

Posted by: Anonymous at March 10, 2006 11:23 AM

Well, two bedrooms from $485,000 to
$785,000, and two three bedrooms for more, it looks like. Fair prices or not?

Posted by: David in NY at March 10, 2006 12:09 PM

Whoever said "on a subway line" is nearly correct. First, it's the F. Then, I think, the stop is a little hard to get to -- maybe across the Prospect? The equivalent of a few blocks, across the circle and maybe by footbridge accross the Prospect. Anybody know that stop -- Fort Hamilton on the F, I think.

Posted by: David in NY at March 10, 2006 12:12 PM

Your right about the subway stop - it is a block or two away but not bad and close. Also - the express bus to Manhattan is very close.

Posted by: Anonymous at March 10, 2006 1:40 PM

The Fort Hamilton F stop is indeed on the other side of the Prospect Expressway. I live a block from it at 100 Ocean Pkwy. I hope all this stuff drives some good food and stuff into the neighborhood. There's currently almost nothing. Although it's nice that there are some buildings right around the park, but I always remind myself that it's a walk to the subway, where I'm 1 block.

I'll bet old timers of the hood don't want all this stuff coming in, but having moved there from Carroll Gardens, I want good food!

Posted by: Ken at March 10, 2006 1:47 PM

Yes- more restaurants, please. It would be nice if the One-Stop Market stayed open later too. Some people have jobs that keep them from shopping at 4:30 in the afternoon...

Posted by: Anonymous at March 10, 2006 2:05 PM

You can always walk down to Cortelyou and wait for a table at Picket Fence. Many think it has good food.

Posted by: PPSer at March 10, 2006 3:22 PM

LOL! Did you ever think of writing or comedy? YAWN

Posted by: Anonymous at March 10, 2006 3:31 PM

Regarding a train. you could walk to the parkside ave stop (corner ocean ave, on other side of the park) on the Q line. If you cross coney island ave and walk down parkside ave where the tennis courts are you will hit it. It's a bit of a walk but not too far. I also think that in a short while there will be other developments here and more retail will probably develop. Nothing around before probably because people in the neighborhood would drive to where they needed to go.

Posted by: Anonymous at March 10, 2006 10:48 PM

Anonymous -- It's a long way across to the Parkside stop -- over 10 blocks. The back end of the Church Ave. stop on Caton might be a mite closer. But's it's 1/2 a mile anyway. OK if you're after exercise but not great if you're running late to work.

By the way, I've lived generally in this area for 24 years this May. There are actually fewer places to eat than there once were, but there have never been many. I'm betting the bubble is gonna burst before any move in. And against this background, Picket Fence is absolutely great.

Posted by: David in NY at March 12, 2006 2:49 PM

Agree with David in NY. Also, there will be so much, and such dense, building in the immediate area of this development in the next 2-3 years that buying now gives you no idea of what you are actually going to be living with. Despite nearness of park, you're right on CIA and it's loud and charmless. This area is not as convenient to subway as most people here are accustomed to, and it's a neighborhood of people who cook their own supper or, for a break, head to McD's. Doubt fancy restaurants are headed here.

Posted by: Anonymous at March 13, 2006 11:05 AM

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