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Floundering at the 970 Kent Condos

This loft unit is asking $529K at the Kent Condos. Given a real estate broker's penchant for overpricing units, the fact that this unit is being priced at $500 psf speaks volumes for the desireability (and true worth) of these condos (ie may sell at $450psf if lucky). Blocks from any viable train station and half a block away from public housing, these will be difficult to jettison.



At January 20, 2007 10:52 AM, Anonymous Anonymous said...

you don't know what you are talking about. the location of the building is not an issue. that area is getting hot with lots of new construction and restaurants, etc. opening.
the issue with the Kent is that there are two distinct sides to the building. this unit , judging from the listing photos , is facing the courtyard side, which looks like a prison yard. Despite this, the price is right, based on previous sales. The other side of the building has endless , spectacular views and is completely different story with light filled lofts.
Itjubukem, you should get a little more knowledge about neighborhoods and specifics before you pan things out of hand.
by the way, the "projects" are not more or less lower middle income and very safe, not like the Farragut housing near Dumbo.

At January 21, 2007 1:13 AM, Blogger ltjbukem said...

you make me feel defensive. i found this listing on corcoran (whose reputation is for overpricing units to the max)...1013 sq ft for $439k...aka 433 psf...

explain this to me...that's quite low for such a hot neighborhood, as you say...

if so hot, and with such endless amenities, why such the low price?

this includes a garden too!!! and yet, still asking 439k?

At January 21, 2007 8:18 AM, Anonymous Anonymous said...

that "garden" is actually part of the courtyard with a cheap-o office divider separating it from the prison yard like setting. Ground floor in the back of the building with no light and privacy tells the story of the super low pricing. Again , the other units on the open side of the building are a TOTALLY different story with light, privacy, views.
This building is an old and solid one, not flimsy new construction. Walk five minutes to the subway or Pratt and Clinton Hill. You can get to the city in 30 minutes , the same time it would take from Prospect Heights, your home.
People who bought this unit did so 2 years ago and just want out, I'm sure. All prices have risen since then.

At March 31, 2007 10:43 AM, Anonymous Anonymous said...

The problem with the Kent isn't so much the neighborhood as it's the building. The sponsor did an awful job of putting the condo together. The windows weren't done properly making for cold apartments during the winter. The hardwood floors are coming apart. The heating system was done on the cheap with the wrong parts. The cabinetry easily falls apart. And that's just some of the problem. In addition, the building staff is not one you'd expect to find in a luxury condominium. In fact, many of the owners are suing the sponsor, who has pretty much been completely unresponsive to the many problems in the Kent.

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