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2/15/2007

The Greene House Condo for $2.75 big ones...

The man. The myth. The Minsky. Fort Greene real estate kingpin Jerry Minsky once again gets only the most upfront, in-your-face listings. Today, he has listed a triplex penthouse condo at the Greene House Condos. Asking price : $2.75MM bucks for 3 bedrooms, 3 baths, multiple terraces and all the light you'll ever want in one of Brooklyn's most desirable neighborhoods.

Always imitated, never duplicated, this man is never without controversy. What will people think when a unit that was probably purchased for less than half its' asking price of $2.75MM is now on the market a scant two years later? Not only was Minsky once quoted in the Brooklyn Eagle touting Fort Greene as home to the $1000 psf condo, he and buyer is now asking almost twice that!!!!

Feast, please.

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21 Comments:

At February 15, 2007 11:29 PM, Blogger ltjbukem said...

i'll start it off...minsky's got some cojones..i would rank this up there as one of his major coups..he's got my respect..

 
At February 16, 2007 9:16 AM, Blogger Ben said...

The Green House started it off but Meier has raised the bar on the ppsf in brooklyn. On prospect park helps to justify prices in this range. They have a 1,923 sq ft unit asking $3.6MM or $1,872/ft.

 
At February 16, 2007 10:10 AM, Anonymous Anonymous said...

I have nothing but respect for the man. Met him at an open house and he was as nice to us folks on the low end (shopping for a 599k apt in CH) as he probably is to the 2MM+ crowd. He lives in the area and while still a broker, seemed downright honest about the pros and cons of the neighborhood.

Still think the place is overpriced. But the market will tell us one way or another.

 
At February 16, 2007 10:15 AM, Anonymous Anthony said...

I'll start off with a disclaimer - I live in the building. Well this is the first official resale in the building. This building created a stir when it got $1000 a sq ft for some of the higher units. I've seen a couple appraisals in this bldg and can say that values have increased steadily - it remains to be seen if that translates into higher sales. There is nothing like it in the nabe yet - and there can't be with the same location due to zoning. I believe the Forte will be somewhat comparable, although the location is slightly less desirable and the maint. fees are high. One Hanson is a superb building, but it is a renovation, not a new building and won't be done for a while. These same sponsors are building on Clermont near Flatbush and it will be interesting to see that price point. I think this listing is catering to a specific set who wants to live in this nabe while having a luxury building. Someone will bite, just a matter of the final price.

 
At February 16, 2007 11:12 AM, Anonymous Anonymous said...

Oh no- Vomit. Seriously just felt it form in the back of my throat. Shit. Now I have gone and puked all over this computer. And you know-rereading I am still sick to my stomach. Oh no… here it comes again…

 
At February 16, 2007 11:19 AM, Anonymous Anonymous said...

Actually, the sponsors are building the new building on Clinton Ave. between Fulton and Atlantic.

 
At February 16, 2007 2:56 PM, Anonymous Anonymous said...

Okay, here's a situation that'll make you think -

My wife and I bought an 1850 s.f. penthouse in the Village (within the landmarked district, but a brand new build - very rare) one block from Washington Square Park that has a 1,600 s.f. wrap terrace. We committed to purchase this unit in in July 2006 - and I know that the real estate market in the past six months has not been in a crazy upward move.

Now think about this - a new build 1850 s.f. interior with a 1,600 wrap terrace - a penthouse, with a fireplace, and beautiful finishes - all in some of the most prime and desirable real estate in NYC.

The purchase price? $2,850,000.

Why would ANYBODY pay anything CLOSE to this kind of money for a unit in this location, which is only 1450 s.f. and only has about 700 s.f. of terrace space (that's all chopped up)? I don't even understand the thinking here of the asking price.

 
At February 16, 2007 10:41 PM, Anonymous Anonymous said...

why would ANYBODY?? maybe because they actually like living in Brooklyn as opposed to living in Manhattan....personal preference. The views from this building are amazing and if given the opportunity you should check them out.

 
At February 17, 2007 1:31 AM, Anonymous Anonymous said...

you couldn't pay me to live in the Village. different strokes for different folks.

 
At February 17, 2007 2:24 PM, Anonymous Anonymous said...

I'll repeat for the retarded posters who seem unable to read...

"Why would ANYBODY pay anything CLOSE to this kind of money for a unit in this location, which is only 1450 s.f. and only has about 700 s.f. of terrace space (that's all chopped up)? I don't even understand the thinking here of the asking price."

I'm not saying anything about choosing to live in Manhattan, or Brooklyn, or anywhere else for that matter.

Note the part of the comment regarding paying THIS AMOUNT OF MONEY for a unit IN THIS LOCATION. I don't care how much you like Brooklyn (or Queens, or wherever). AFter factoring in the terrace (at $375 per s.f.), you're left paying OVER $1,700 PER S.F. for this unit.

I'm commenting on PRICE as compared to location, not LOCATION, per se. And for this LOCATION, it's a ridiculous PRICE. Get it?

And on a sheerly financial level, regardless of where you want to live, if you're stupid enough to spend over $1,700 per s.f. to live in this area, well, you SHOULD be living in this area, because nobody from Manhattan would pay over $1,700 to live here. Period.

"...The views from this building are amazing and if given the opportunity you should check them out..." Really? Well, the views of Manhattan and the rivers are gorgeous from my 1,600 square foot terrace as opposed to this chopped up 700 s.f. of terrace, and I live IN the city. I don't just LOOK at it.

"...you couldn't pay me to live in the Village..." And you couldn't pay me to live anywhere else. Part of your problem might be that you don't have the luxury (financially speaking) to make that choice in the first place.

I stand by origilnal comment. $2,750,000 for this unit in this location is ridiculous compared to what you buy in local markets that are much better long term investment, and just plain nicer for the money, to boot.

 
At February 17, 2007 6:26 PM, Anonymous Anonymous said...

2:24pm. I agree with you that this unit is way overpriced, without a doubt. But seriously, "Part of your problem might be that you don't have the luxury (financially speaking) to make that choice in the first place." I can't believe how ignorant that comment is. I don't have a problem. You are clearly a stereotypical Manhattanite who assumes that everyone wants to live there and that the rest can't afford to. I don't want to live in Manhattan. Period. I could easily afford to, trust me. At $1000 a sq ft, The people inside the Greene House can afford to live in Manhattan too, but choose not to. There is nothing in this world I enjoy more than walking up and down the beautiful streets filled with wonderful brownstones and people everyday. Maybe you should stick to "looking" at the city. You've just spoiled my desire to get a spot with a view of Manhattan because I'm afraid I'll be looking at stupid people like you.

 
At February 18, 2007 8:13 AM, Anonymous Walt Whitman said...

The fatally myopic presupposition of our Villager's line is that people live in Brooklyn because it's as close to living in Manhattan as they can afford.

Aside from the occasional blogorrheic collision, the fallout from this foolishness is largely self-correcting: the simpletons encamp on the tiny prison/mall island and leave paradise to those worthy of it.

I regret taking this board off topic slightly, but I am really tired of this whole Manhattan v. Brooklyn thing - it feels very 1998. Let's all move on. Thanks all for letting me vent.

 
At February 18, 2007 5:42 PM, Anonymous Anonymous said...

To the two previous posters:

So let me get this straight. I initially give my opinion regarding the price of a particular coop/condo in Brooklyn compared to what one can buy in much more desirable (from a dollar-to dollar comparison) area of Manhattan, and try to make the point that this particular unit in this psrticular location seems (ridiculously) over priced on a per square foot basis.

What I receive in response by the first person following my post is a kneejerk reaction about how great Brooklyn is and telling to check out the views from this building, and then a following post starting off with the totally off color response "... you couldn't pay me to live in the Village..."

Really nice, huh? And you wonder why I responded?

So I answer with a clearer explanation, and then a further pov that I DO actually think that I would rather live in a prime Village penthouse with a fireplace and a 1,600 s.f. terrace than in this poorly laid out, cheap looking new build in Brooklyn for over $1,700 a square foot, period.

So now I'll just answer you point for point since you apparently wanted to start this.


"...You are clearly a stereotypical Manhattanite who assumes that everyone wants to live there and that the rest can't afford to..."

Uhhh, basically that IS true in a majority of cases, whether you like it or not. I DO believe that if everybody who now lives in Brooklyn's 'ship came in,' and they could afford to live anywhere they wished, you'd see a broad (but not total, of course) exodus to Manhattan, whether you like that fact or not.


"...I don't want to live in Manhattan. Period. I could easily afford to, trust me. At $1000 a sq ft, The people inside the Greene House can afford to live in Manhattan too, but choose not to..."

Well, that's just fine and dandy. I feel EXACTLY the same way towards Brooklyn. But somehow, when someone from Manhattan feels that way, there a 'sterotypical Manhattanite.' When someone from Brooklyn feels the way you do, well, obviously, they're an extremely well balanced individual who simply knows a good thing when they see it. Nothing like a double standard, huh?


"...There is nothing in this world I enjoy more than walking up and down the beautiful streets filled with wonderful brownstones and people everyday...."

Yeah, we have NO beautiful brownstone blocks with everyday people here in Manhattan.


"...Maybe you should stick to "looking" at the city. You've just spoiled my desire to get a spot with a view of Manhattan because I'm afraid I'll be looking at stupid people like you..."

Maybe you should reread your post again and just look in the mirror....


And to Walt:

"...The fatally myopic presupposition of our Villager's line is that people live in Brooklyn because it's as close to living in Manhattan as they can afford..."

There is nothing fatally myopic nor presumptuous about it. As I said above, I DO believe that if everybody who now lives in Brooklyn's 'ship came in' and they could afford to live anywhere, you'd see a broad (but not total, of course) exodus to Manhattan, whether you like that fact or not.


"...Aside from the occasional blogorrheic collision, the fallout from this foolishness is largely self-correcting: the simpletons encamp on the tiny prison/mall island and leave paradise to those worthy of it..."

Yes, and I believe in this specific case, those simpletons would include yourself and your previous poster. Amazing how now even YOU, with your rhetoric of razor-sharp-no-margin-for-error vocabulary, seem to dive in and (at the end of the day) name call.

"...but I am really tired of this whole Manhattan v. Brooklyn thing..."

Than why get involved in the first place? Only a simpleton who encamps in a tiny mall would do that, Walt.

Look, the bottom line? I was making a point regarding the quality and price of this unit. I think it is kinda stinky qulity wise, and the price, well, I actually think we've all found common ground there. But the rude banter came from your end of the table first ("...you couldn't pay me to live in the Village..."). So before you jump in with an accusatory tone next time, try dusting the chip on your shoulder(s) off at the computer keyboard first.

 
At February 18, 2007 6:09 PM, Anonymous Anonymous said...

You are truly the Village Idiot

 
At February 18, 2007 7:03 PM, Anonymous Anonymous said...

It is overpriced...this we all agree on...

Let's just agree to disagree. It is silly to compare apples to oranges.

Can't we all just get along???

 
At February 18, 2007 9:05 PM, Anonymous Anonymous said...

To borrow from Walt above, yet another fatally myopic blogorrheic collision from one of Brooklyn's finest simpletons - a.k.a. anonymous 2/18/2007 at 6:09 p.m.

 
At February 19, 2007 7:50 AM, Anonymous Walter said...

I'm going to try to keep this above the waist:

Villager - If it was as simple as "everybody who now lives in Brooklyn...could afford to live anywhere, you'd see a broad...exodus to Manhattan," then this entire building in question wouldn't exist.

I do regret calling you a simpleton, somewhat, but not in referring to Manhattan as a prison/mall - I used to live there, and left it when I found it was starting to take on characteristics of both. This is just to say that I'm an example of someone who could afford to live where they wanted and chose Brooklyn.

There's more of us than you think, and the fact is that comparing the two markets as one representing a discounted version of the other is an outmoded view.

 
At February 19, 2007 9:14 AM, Anonymous Anonymous said...

You like the village, good for you live there and enjoy
You like Brooklyn, good for you live there and enjoy.
We sound like pretty lucky fellas that we can choose where to live and therefore smart people that could achieve such of goals, now let's continue to be smart and trying to get alone.

 
At February 19, 2007 10:11 AM, Anonymous Anonymous said...

The Minsk man is psychotic.. He yelled and screamed at us when we pulled out of a deal with one of his sellers. He was like a wild moth trapped in bed-stu SRO....

 
At February 19, 2007 5:13 PM, Anonymous Anonymous said...

He has as much Balls as brains (Which is none)to waste the poor architects time who he is trying to sell this for and delude her into thinking she might ever see this kind of money.

Pandering Jackass.

 
At February 22, 2007 2:52 PM, Anonymous Anonymous said...

What amazes me is that 10 years ago, the lot that this building is on was an illegal parking lot that people used to use to dump dogs and cats that they didn't want and now people are willing to spend millions to live there. It's a crazy world we live in.

 

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