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.
I live in this neighborhood right behind this building and have watched this monstrosity go up. It may be cheaper than park slope, but it is still too expensive for me. 300k for 900 sq ft. might be cheap for NYC but it is still inhuman. As for safety, this neighborhood has very few stores or late night amenities but it is totally safe. The walk to the F train is tolerable. and you all sound like the whitest bunch of yuppies, I am disgusted quite frankly.
I agree that the Commerce bank is ugly as sin, but it replaced a gas station, so tit for tat, really. The time to get up in arms is when something beautiful is razed for complete crap. This happens all the time. Take a walk past the yellow brick refinished home on cortelyou on rugby (past thread). Ouch.
Condos are overpriced for this nabe. Anyone smart enough to comparison shop will find much better deals -like the same apt. in Prospect Heights for much less.
Also the psychology of new construction never ceases to amuse me.
Does anyone really think NYC developers aren’t going to build cheap and sell high? Think of granite countertops as lipstick on a pig and you get the idea.
There are several new bldgs in park slope as we speak in arbitration with the NY AG’s office over sponsors who built on the cheap, leaving new condo boards with defective money-pit buildings. Kiss your tax abatement benefit goodbye.
Anyone even thinking about a new construction home should be very, very careful about what they are buying. Hire an engineer to check it out.
Neighborhood is fine and getting finer.
Sometimes I get the impression that for some people who visit this site, the only definition of “safe” is the upper West Side or a neighborhood pretty much devoid of ethnic minorities or lots of spare income… I’ve lived in some of the toniest nabes in Manhattan, and some of the least desirable (LES before it was the LES of today), not to mention Park Slope and some less trendy Brooklyn destinations. The only time I ever heard someone scream for his/her life at knifepoint was outside my $7000 per month 4 bedroom 4 bath brand new loft conversion just a few blocks north of Union Square… about seven years ago. The city seems to get safer every day. I was a bit intimidated by the LES back then (five years ago) but it was very safe and friendly. I’ve found the same true of Brooklyn, for the most part (no specific nabes mentioned, don’t want to get back into THAT thread)… This neighborhood is fine.
Actually, I live her and see for myself every day. It’s not dangerous, except for the isolated blocks mentioned above, and if you were living in Park Circle you would have absolutely no reason to set foot there – period.
Ummm, are you crazy? It is pretty unsafe, go see for yourself…
I think previous posters were saying that the AREA is dead at night, there being no one around, and nothing to do (which is true); they weren’t commenting on it being an unsafe neighborhood!
I have to agree. CIA is ripe for 4th ave style developments of commercial and residential buildings. 4th ave didn’t take that long so I don’t think three years is pushing it. I also agree on the safety issue, the freaking police station is right across the street.