Condo of the Day: Price Cut at the Oro
The price of one lower-floor two-bedroom at the Oro was just reduced from $640,000 to $599,000. The 933-square-foot pad, which, according to our calculations, must be one of the lower units with the big, curved corner windows, has two equally large (or, some might say, small) bedrooms and only one bathroom to share. That said,…
The price of one lower-floor two-bedroom at the Oro was just reduced from $640,000 to $599,000. The 933-square-foot pad, which, according to our calculations, must be one of the lower units with the big, curved corner windows, has two equally large (or, some might say, small) bedrooms and only one bathroom to share. That said, that living room is pretty cool and the building has amenities out the wazoo. As far as we can tell, the building is about 1/3 sold (96 out of 300-odd apartments are listed as being in contract on the Douglas Elliman site.) Then again, for the same money, a buyer could also pick up this two-bedroom at BellTel. Which do you think is a better deal?
306 Gold Street [Douglas Elliman] GMAP
I went to a dinner party at the Belltel and the building has some major noise issues. Guess the topic of the conversation? Yup, the shitty construction and noise issues. People were complaining about us being too loud even though all we were doing was talking and listening to some light music.
Just beware that sound from the ceilings and floors travels very easily to the adjacent units. Even though I only knew the host from a friend of a friend, I felt pretty bad for him. The units are physically nice, but the noise issues with “vents” carrying noise and people walking “hard on their heels” is making life miserable. It’s even worse due to the fact there are so many unemployed stroller moms that never leave the building and stomp around all day, all night, all weekend.
The hallway seems to take up about half of the Oro apartment’s square footage
For $600K, that living room is small, and the lack of a 2nd bathroom is definitely a deal braker… even cheap willyburg condos in the $500K range have 1.5 baths
the BellTel unit is good for the single person or newlywed couple who really only need one bedroom and can use the second room as a study or storage space. The oro unit is illogical because it presents itself as a true two bedroom. Again, for the single or newlyweds who really just need one bedroom it’s functional but a far better investment is to buy a two-bedroom with two baths. For a two-career couple, two baths are so convenient. no matter how close you are, do you really want to sit on the toilet and make noise while your partner is shaving or putting in his/her contacts?
believe me, you want two baths unless you have separate schedules. two baths are also really nice if you have guests. in old buildings sometimes the gorgeous lobby or lovely details make up for not having the plumbing but in a snarky brand-new glass-facade condo? Get the two bathrooms! That’s the pay-off for the lack of charm.
Just sit tight. Major price chops will be coming down the pike as both Oro and BellTel languish on the market and more new condos come online.
Both apartments are nice. But BelTell is in a far better location. If anyone has been to Oro, it’s just off the BQE, sits on Flatbush Avenue, which in that area feels as big as a 5 lane highway. The entrance to Oro is literally across the street from a very large section of projects.
Beltell is right off center in the Fulton Mall which the central focus of one of the city’s biggest urban planning projects. They are pouring $15bn into the surround area, between Albee Square, the Atlantic Yards, The W hotel spinoff (which will be across the street from BelTell) and several others.
Add to that it’s absolutely central location. Every train that goes into Brooklyn stops within 2-4 blocks of the building. While the neighborhood is still in transition, there’s even a subway stop at the foot of the building.
Nice amenties at Oro but Beltell seems to be a far better investment (even if one of the previous posters tries to sell us that little study as a bedroom). I’d take it for the price…
Low-income housing HUD standards mandate a second bathroom in units with two bedrooms.
LOW-INCOME HOUSING. OK?
“I am missing the fixation with the two bathrooms”
You are probably single.
one bathroom is fine for one bedroom unit(you figure at most two people will live there) but two bedrooms means that possibly four people could live in the unit (2 parents and 2 siblings).
you need two bathrooms in a 2 bedroom unit.
And while you can excuse our great-grandparents for skimping on bathrooms it is ridiculous for a modern builder to do so. It is more than just a lack of amenity it is actually disrespect for the customer. In no other city would a developer even dream of this.
window
I am sure that this has been asked many times before: What is the “official” definition of a bedroom in NYC?
Can you please cite source in response.
Thanks