Big garage on St. Marks (between Underhill and Vanderbilt) will become a 5 story condo building

naturegirlbk · January 2016

The common charges and taxes on these units seem to be quite high.

whynot_31 · March 2016

Now rising above fence

whynot_31 · August 2016

listing: http://www.realtor.com/realestateandhomes-detail/280-Saint-Marks-Ave-E4_Brooklyn_NY_11238_M40092-49740?cid=prt_patch_listings_web_forSale

Price/Sq Ft: $1,406

Hendi · August 2016

That looks like its the only unit left that's not in contract:

http://streeteasy.com/building/280-st-marks-avenue-brooklyn

whynot_31 · August 2016

Yup. Out of 32 units, they have

"31 active sales ($1,354 per ft² avg, $2,044,806 avg price)
30 in contract sales ($1,352 per ft² avg, $2,036,333 avg price)
1 previous sale ($1,671 per ft² avg, $2,460,000 avg price)"

...which makes me believe the days of the sales office on Vanderbilt are numbered.

A job well done.

whynot_31 · January 2017

Sales office now closed.

Here are what the units sold for: http://streeteasy.com/building/280-st-marks-avenue-brooklyn

About $1300 PSF.

naturegirlbk · January 2017

Wanting to confirm...In looking at this StreetEasy page, arent the prices listed here still the "list" prices, and not the actual price that they are in contract for? These havent actually closed yet, right?...so, we dont know what they actually sold for post-negotiations, right? Is there any way to see negotiated "In Contract" prices? And, it appears that their taxes are unabated and monthly cc's are quite high, so wondering if purchase prices for the units was lower to offset the higher monthly carrying costs..? Anyone have any info on that? And, anyone have any idea how far they are from completing the building, getting their CofO, & when actual closings/move-ins will happen?

whynot_31 · January 2017

ACRIS will show the closing prices, as the individual units close.

Individual buyers factor various things into their purchase price. This building being across from PS 9 may trump any concerns they had with tax abatement.

The C of O is a ways off. I'll guess July.

Hendi · January 2017

My layman's understanding is that abatements are more or less reserved for rentals with at least some rent-regulated units at this point. Even before 421a expired the backlash over some of the 57th street developments led the city to stop abating taxes on condo developments. And lets be real, if you can afford a two million dollar apartment (or a three million dollar brownstone for that matter), you can afford to pay taxes on it.

whynot_31 · February 2017

Confirmed: Condos have all been sold for around $1400 PSF.

This article predicted they will be done with construction in May.

...if they get their C of O in a timely manner, we could be looking at a June occupancy.

https://commercialobserver.com/2017/02/under-construction-280-st-marks-avenue/

boris · May 2017

Slowest construction project I've seen in a long time. Working 7 days a week but progress seems negligible. Maybe they are handcarving those sustainably sourced tub surrounds from local artisans and craftsmen. No way they occupy in June. Maybe June 2018.

whynot_31 · May 2017

ltjbukem1 · August 2017

http://ltjbukem.blogspot.com/2017/08/280-st-marks-facade-is-revealed.html facade revealed

boris · November 2017

Does anyone have a clue what is going on here? Construction seems to have stalled, just a few workers on site at a time. You'd think they would be in full court press to get the project done and occupied. Mysterious...

whynot_31 · November 2017

There are some violations regarding the elevator, but no stop work order is in place. They will likely need to clear up the violations before they can rent the units. http://a810-bisweb.nyc.gov/bisweb/ActionsByLocationServlet?requestid=3&allbin=3424489&allinquirytype=BXS4OCV3&stypeocv3=V

naturegirlbk · December 2017

These are condos, right? Any closings yet or is construction still ongoing?

whynot_31 · January 2018

These are condos and were reportedly all sold before the building was even close to being completed. The building rec'd its CO in late Dec, so we should see move in shortly. http://a810-bisweb.nyc.gov/bisweb/COsByLocationServlet?requestid=5&allbin=3424489

Big garage on St. Marks (between Underhill and Vanderbilt) will become a 5 story condo building

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