Hilarious! they want $700/sf for 384 Warren Street #2R

What are they calling the actual square footage?
I saw that place... thought it was a decent size, but for my taste, I'd have to gut most of it. And, yes, too close to the projects. It WAS overpriced, but I think that using the "price per square foot" model has a lot of flaws. Especially since the method of calculating the square footage varies wildly from place to place. Plus, smaller places typically have a higher ppsf, on average.

it's the last breath...the end of the real estate boom....sellers know this.They just are crossing their fingers and going for it.

julia, it is just me or do I sense your outlook shifting just a tad.

If so, good for you. :)

In this economy (or better said, lack thereof), good things come to those with cash & patience.

julia, 99% of sellers are still in a 2007 timewarp. Everyday you see more jaw-dropping examples of people who are just not getting with the new pricing paradigm in NYC.

In terms of the square footage, broadwayron, I have to admit I guesstimated and eyeballed it. The listing calls it "cozy" and describes it as a floor-thru one-bed, and the photos make the bedroom and living room look less than spacious.

So I guesstimated it at 600 sf. I doubt that any broker would use the word "cozy" for anything bigger than that. And the houses on Warren Street down by the projects are row houses rather than townhouses, so a floor-thru wouldn't be too big.

You always need those funny examples to point to a year later...

http://www.streeteasy.com/nyc/sale/217403-condo-433-warren-st-boerum-hill-brooklyn?email=true

Directly across from the projects (as in that's your view from most of the apartments, bricks) but holy price cut. Two blocks over and I would have bought this place (the actual apartment is nice the location just sucks).

Two blocks over, and it probably would have already sold.

Agreed. Two blocks over and it's pretty much Smith so I guess I meant even one block over and it's a deal.

A parking spot too ... man this is listing porn for that area if it were just in another spot.

http://www.streeteasy.com/nyc/sale/316253-condo-433-warren-st-boerum-hill-brooklyn

Wow. 2B is only 700 sq ft (versus almost 1400) and priced $29K higher... something doesn't add up.
WTF were the developers thinking when they picked this spot practically in the middle of the projects?

(I'm referring to 433 Warren, not 384.)

I saw both places (433 Warren) and 2B is more conventionally laid out I guess you would say. The other is like a triplex sort of with a parking spot on the first floor. None of it makes any sense. The location, the crazy price adjustments (2B went up and down in price like 30 times last year) and the fact that it doesn't look like anything has closed in the building. It's just kind of a mess and a waste of a fantasy deal.