Condo of the Day: Toy Factory One Bedroom
This listing in the Toy Factory Lofts strikes us as, well, insane. First of all, $659,000 for a 690-square-foot apartment in this condition in this location? Don’t think so, especially when the same money will buy you a 900-square-foot one-bedroom at the significantly more upscale Oro next door. Secondly, these are the anti-staging photos. Could…
This listing in the Toy Factory Lofts strikes us as, well, insane. First of all, $659,000 for a 690-square-foot apartment in this condition in this location? Don’t think so, especially when the same money will buy you a 900-square-foot one-bedroom at the significantly more upscale Oro next door. Secondly, these are the anti-staging photos. Could they have taken worse pictures? You couldn’t create clutter like that if you tried. It almost makes us wonder if the whole listing is a joke.
Toy Factory One Bedroom [ReMax] GMAP P*Shark
Thread #5840 [WiredNY]
To Anon at 11:38 AM — enjoy your exclusivity while you can. Article follows about bldg to be built right next door to TFL. ********
Tall tower, high rents
By Dana Rubinstein
April 21, 2007
The Brooklyn Paper / Gregory P. Mango
The same company that developed this luxury building and Whole Foods supermarket on Houston Street in Manhattan is building a similar condo in Fort Greene.
Talk about the Manhattanization of Brooklyn: A new mega-development slated for the booming border of Fort Greene and Downtown is being built by the same real-estate giant that built a luxury Xanadu with a Whole Foods in the lobby on the Lower East Side of Manhattan.
AvalonBay, a Virginia-based development group, will build a $250-million luxury “community†on the land bounded by Myrtle Avenue, Gold and Prince streets. The massive development will hold 600 market-rate rentals — more than three times the number of units in the iconic Williamsburgh Savings Bank building, the tallest building in Brooklyn.
“It will be similar to the Avalon on Chrystie Street,†said Joe Korbel, a spokesman for the developers. “I’m not sure there will be a Whole Foods, but there should be ground-floor retail. And there will be a lot of amenities.â€
Korbel said that the building was still “in creative design,†so no renderings were available.
The $70-million land purchase was first reported in the New York Sun.
If the Lower East Side development is anything to judge by, this project should come laden with perks — for those who can afford them.
In addition to the Whole Foods, the Chrystie Street building has a rooftop sundeck, a fitness center, a resident lounge complete with billiards, and 24-hour concierge service.
And tenants pay through their organic-produce-loving noses for it.
According to the leasing office, the average studio runs $2,500 a month, the typical one-bedroom runs $3,500 and two-bedrooms run $5,000.
Construction will begin on the 42-floor Brooklyn project in September, and the units will be ready for occupancy by March 2009.
Congratulations, TF resident, on writing the most rambling, moronic, nonsensical post on this thread. Quite an achievement considering Aaron the broker also posted something here.
The neighborhood borders aren’t arbitrary or necessary. Once you cross over Court Street, the area goes from charming, beautiful, full of amenities, and residential (Brooklyn Heights) to desolate, dirty, and traffic-choked (your part of DoBro).
That’s why the Heights is expensive (because it’s one of the nicest neighborhoods in Brooklyn, if not all of NYC), not because “people like me” ensure properly marked “property lines”.
I’m sorry you’re so bitter. But let’s be perfectly frank–“in actuality”, you live in the most gloomy and desolate part of DoBro because you couldn’t afford to be anywhere else, not because of some high-minded desire to live with a demographically diverse community (by the way, it’s not that diverse over there–poor and on public assistance is the overwhelming majority).
Enjoy living right next to the Ingersoll houses. After all, the “drug dealin” provides the only amenity in your area outside of car washes and gas stations.
No, Anon 12:48, I’m not new to Brooklyn. I’m just someone who loves to get a rise out of pompous, arrogant Heightsters who are very quick to clarify that their part of Brooklyn should not be equated with any other part of Brooklyn. I mean no offense to all non-pompous, non-arrogant Heightsters. I’m mainly talking to these nouveau-elite types.
In actuality, I’m quite satisfied saying that I live in DoBro because, when I say that, people tend to struggle with a mental picture of what the demographic looks like. Are they black, white, hispanic, rich, middle-class, poor, professional, student, blue-collar? Who knows. If I said I was from the Heights, I’m guessing you’d know what 95% of people would think I was.
Oh and I don’t worry about bringing your property values down. We’ll always have people, like yourself, there to ensure that property/neighborhood lines are properly marked (and thanks for those great links, I’ll bookmark those pages right away). I’m sure you do routine comp checks to see how your investment is holding up. What’s your investment at now, Mortimer…$1mil? Good for you! (slow, steady, sarcastic clapping) Wow, look at me being all arrogant…you sure I’m not in the Heights? Maybe it’s a proximity effect? No, if that were the case, I’d be like Miss Dorothy (the RA President) or Teicha (the Community Center director) over at the Ingersoll “projects” and be out busting my ass at work to put food on the table (or, judging from your condescending tone, you’d probably think I was out drug dealin’).
I’m wondering how quick your urge was to correct me on your “actual” property value? or to prove that you’re not racist for that matter?
TF resident, are you new to Brooklyn? Because for anyone familiar with the area to suggest that the Toy Factory (which is located WEST of Flatbush, for crying out loud) is in Brooklyn Heights–“technically” or otherwise–is preposterous. It’s not even close.
Just because you have a 11201 zip code doesn’t mean you’re in Brooklyn Heights. Tribeca and Chinatown share the same zip code–are they the same neighborhood?
The 11201 zip encompasses not only Brooklyn Heights, but also Downtown, Cobble Hill, DUMBO, and parts of Boerum Hill.
Surely you don’t think your condo is in Cobble Hill or Dumbo? Hell, even the Toy Factory website lists your address as being in the “Heart of Downtown Brooklyn”!
The closest neighborhood to you is Fort Greene (right next to the Ingersoll housing projects of Fort Greene) so you can say you live there if you don’t want to say you live in Downtown Brooklyn.
Be sure to read the fourth paragraph on Fort Greene bounderies:
http://en.wikipedia.org/wiki/Fort_Greene
Anyway, I hope you didn’t buy your loft because a broker told you the Toy Factory was in Brooklyn Heights, or is on the edge of Brooklyn Heights. If you did, then you made a huge mistake.
For future reference, the westernmost border of Brooklyn Heights is Court St/Cadman Plaza West–far from where the TF is located. Here’s a map that shows the generally accepted borders of Downtown:
http://www.110livingston.net/map
Oh, and don’t worry about bringing my property values down. Brokers don’t comp Brooklyn Heights with Downtown Brooklyn properties.
To “mental midgets”:
Can you explain what neighborhoods 11201 encompasses? Let me know because last I heard, it was Brooklyn Heights. You should really talk to the USPS to have them clarify the zip code delineations if it bothers you so much that this is “technically” Brooklyn Heights.” I really am asking with sincerity because several of us at the TF wanted to be able to solidly identify with a certain neighborhood. The debate has ranged from Fort Greene, to Brooklyn Heights, to south DUMBO, to Downtown Brooklyn. Judging from the resentment in your tone, to the fact that the TF is in 11201, maybe you’ll suggest we classify ourselves as being in Bed-Stuy or even Brownsville. Hope the TF isn’t bringing your property prices down.
Hey Aaron-
So it WAS you posing as “Mike”! The same awful English, the same way you sign your name at the end of the paragraph, the same insult to “get a life”…
Good move, advertising your ineptitude as a broker on a popular website.
Instead of wasting your time posting as other people, why don’t you spend some time learning where the Toy Factory condos is located, taking some better pictures, and spell checking your listing.
Oh, and your Toy Factory listing is overpriced by at least $200,000.
We can only enter the zip code in NYTimes and it shows up as Brooklyn Heights vs. Downtown Brooklyn. As far as personal and negative comments, get a life.
Aaron, the Toy Factory is located in Downtown Brooklyn, not Brooklyn Heights.
How can you represent this property and not know where it is?
“Mike”, are you the seller or one of the brokers?
Doesn’t matter. Either way, you’re an idiot if you think the god-awful pictures are acceptable, or believe that RE/MAX (a total non-player in the NYC market) has ANYTHING to do with the rising property values in this nabe, or think staging (or, in this case, simply CLEANING) an apartment is a waste of time.
The funniest thing you wrote is how someone needs a “certain level of taste to buy this condo”. You’re right about that. The only person who would even consider purchasing this condo would have to be a colossal moron AND have truly horrendous taste.
By they way, next time you talk to Aaron Ivatorov, tell him to change his listing as this condo is NOWHERE NEAR Brookyn Heights.