One Sunset Park Hits the Market
Back in 2006, developers purchased 702 44th Street, aka One Sunset Park, for $6.08 million. Since then, they’ve been converting the 54 rental units into condos as they become available (which hopefully doesn’t meant they’re pulling a Stuyvesant Town and trying to pry people out of their apartments). Now, the first five units are on…
Back in 2006, developers purchased 702 44th Street, aka One Sunset Park, for $6.08 million. Since then, they’ve been converting the 54 rental units into condos as they become available (which hopefully doesn’t meant they’re pulling a Stuyvesant Town and trying to pry people out of their apartments). Now, the first five units are on sale, for between $300,000 for a one-bedroom to $475,000 for a two-bedroom. Only one unit has been completely remodeled, which they’re using as a sales office, and the four others are under construction; 16 more are slated for reinvention. If you buy early enough, you can have a say in their remodeling.
702 44th Street [Halstead] GMAP
Yes I think these are priced really well – but I also think the fact the building remains the same and they just refurbed the inside is a big draw!
i think this nabe is REALLY starting to pick up as it’s price point is riiiight!
I would agree with Inigo, but this is a CONDO, not a co-op. Totally different animal. The majority of condo conversions do have 75% or more units converted at the outset. The fact that renters are still in the building does not make it any more risky. More important to examine the taxes, common charges, etc. and make sure everything is viable, and make sure the sponsors are able to perform.
OK, this is the bottom line: NEVER BUY AN APARTMENT IN A COOP THAT IS LESS THAN 75% OWNER OCCUPIED.
Everything else is cool.
I also saw the model. I agree that it looks really good. It does have some nice amenities for this price, like the washer/dryer. Most buildings in Sunset Pk have no elevator, so that’s a big plus. I think the area will come around.
The neighborhood will only get nicer from here! Rumor has it Starbucks was looking at Rainbow Cafe. Anyone know anything?
I find neighborhoods on the cusp to be very interesting. I remember when Dumbo was just beginning to be populated in the early 1990s and when Williamsburg/Greenpoint began to take off. Sunset Park is somewhat different. It is not a deserted and thinly populated neighborhood but rather a very vibrant and diverse community. While it is currently very Asian and Hispanic this is beginning to change. More and more people are discovering this neighborhood. The park itself is a real oasis. It offers wonderful views of the skyline and is a great place to hang out. Although I would not consider living in this neighborhood since I’m very happily ensconced in Dumbo, I’ve looked at several apartments in this neighborhood. This is probably the best building in the neighborhood. It’s located on the top of the hill which gives a great views. Also, unlike many other buildings in the neighborhood, this one has an elevator. I visited the model unit this morning and thought the work and renovations were well done. The pricing compared to some of the other newly constructed buildings is reasonable. It is a bit of a schlep to the subway but it’s proximity directly next to the park is perfect for those who appreciate the park. Marketplace, I am curious to see if these units will sell.
I lived in SP. Definitely a Long-Ass commute to manhattan. 45 minutes when all the planets are in alignment. 1 hour normally (and it’s a long-ish walk to the train station from the address in question). great mexican/latin-american cuisine, a few good pizza joints, not much else. Very working-class and immigrant demographic. Depending on your proximity to the train station, your commute can take just as long from Bay Ridge, the next neighborhood over.
jackie loves, it’s annoying when you brokers post on this site and pretend to be real people.
I went to their first open house last weekend and the units look great. I liked the location and the way the model was staged. In refernce to all the above about them selling they have that guy I have seen on here on site Brian Scott Cohen from Wells Fargo who was giving out great finanicng information and answering questions. he mentioned they had a full approval on the building..Take a look at the place worth seeing