Condo of the Day: Park Circle
It’s looking like units at Park Circle may not be well-rounded enough for buyers. Natefind’s been reporting a whole lot of reductions at the 59-unit Boymelgreen condo, which is on Coney Island Avenue just south of Prospect Park, on the border of Windsor Terrace and Kensington. Units at the development are large (most between 900…
It’s looking like units at Park Circle may not be well-rounded enough for buyers. Natefind’s been reporting a whole lot of reductions at the 59-unit Boymelgreen condo, which is on Coney Island Avenue just south of Prospect Park, on the border of Windsor Terrace and Kensington. Units at the development are large (most between 900 and 1,500 square feet) and averaging in the mid-$400 to mid-$500-a-foot range. A two-bedroom, two-bath just dipped from $660,000 to $585,000, and a couple other units posted $50K cuts. Seems like Park Circle’s prices are reasonable enough for the area, though the Coney Island Avenue location’s a bit bleak, and the thoroughfare’s traffic can’t be much of treat. Now that condos here have been on the market for about a year, maybe Boymelgreen & co. are starting to get a lil’ antsy. How low can they go?
Park Circle Listings [Corcoran] GMAP
Park Circle Apartments Already on Market [Brownstoner]
In 3 years you’ll be kicking yourself in the head for not buying into the area!
There’s a perfectly nice semi-fancy Korean grocery about two blocks away. As noted, the Ft. Hamilton F stop is very nearby. Decent enough supermarket in Windsor Terrace on Prospect is about a ten minute walk away. Good coffee shops about about 5-10 minutes away. I get the sense that many people writing here don’t know the neighborhood well. Also note that the area near Lonelyville/Vanderbilt playground is turning into kid and family-central these days.
Lastly, for those who don’t know, express bus to Wall Street in about ten minutes (if you leave early in the morning) is five minutes away on Church and Ocean Pkwy. For anyone who works downtown, it’s one of the fastest commutes in the city.
I have lived around the corner at 31 Ocean Parkway since 1980. The realtors told me the neighborhood was starting to turn around at the time. Since then the roller rink was renovated and became a warehouse and the bowling alley was knocked down and became a church that nobody from the neighborhood attends. The Riverside funeral chapels became another church AND school that nobody from the neighborhood attends. The Park Circle and two other condo developments are going up within less than a block. Parking will be impossible. The stables are still an eyesore. The nearest fast food is a half mile away. The nearest one star restaurants are a half mile away. The nearest supermarket is a half mile away. Without a car you are stranded. Prospect Park is the only sanctuary we have. But on weekends it is filled to capacity. Welcome to “South Windsor Terrace/North Kensington. I have 5 rooms with 10 foot ceilings and a view of the park at $1100 a month. Do you really think it’s worth half a million dollars? I can’t wait to retire and get the hell out of here!
DOnt know if anyone is still reading this thread but, nobody mentioned that the terraces are very strange. You have little to no privacy on your unit as the terraces angle into almost all windows. Also, standing on oyour own balcony, you can be seen or see into the floors below. While its a voyeur’s dream to an extent- I saw the units and hated that aspect. Also , many different units windows look directly into others.
Bad location? Check.
Ugly exterior? Check.
Wonky layouts? Check.
High prices? Check.
I simply can’t fathom why these bad boys aren’t flying off the shelves.
I think the F line Hamilton Avenue (across a foot bridge) is the nearest station. I would have thought 10 minutes or so. I walked that stretch a few months ago but don’t remember exactly.
I happen not to think that the building is ugly but the location is horrible as far as amenities and transportation are concerned. It’s a hike to Cortelyou and even the Kensington side of Church Avenue is a long walk. Its not on the Park Slope side of the Park and its a desolate walk to the Parkside Q/B train. The Caton entrance of the Church avenue Q/B stop is scary. Especially at night. Damn, it’s not even near the express bus to the city stop. It is also a long walk to the F line Church Avenue station. Not near any supermarket or other store, the horse stables and a fundamentalist church are behind it and a roudy middle school to the right and the Christian school to the left of it. Police station across the street with cop cars coming and going and illegally parking constantly. These units not selling have more to do with the location than any bubble.
looks beachy…
Still laughable at $400-500/sf. Who needs Comedy Central? We’ve got COTD’s. Ha ha ha.