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February 8, 2005
Clinton Hill VILLAGE?
What's up with this gated community in Clinton Hill?
Each morning I sort through all of the unaffordable real estate in Brooklyn, forwarding only the best deals that my non-existant trust fund can foot to Lex. It's a nice AM ritual and only seldomly gives one or both of us a panic attack.
Today, I found a $450K duplex on Craigslist. I kept raising my eyebrows as I read the header:
HUGE 1447sf: ooooh!
2BR/1.5Ba DUPLEX: booya!
All new CONDO: score!
Gated Community: WHAT?
Has anyone heard of or seen these condos on Kent Avenue? Though the term "gated community" REALLY turns me off (I grew up near several Long Island gated communities- blech-- and the whole concept of needing a gate to seclude you from the rest of the city is rather offensive), the apartments sound like a really good deal. Which leads me to think that something is seriously wrong...
Posted by callalillie at February 8, 2005 3:44 PM | City Life
I walked by them a few months ago to investigate. What's wrong with them is distance from a subway stop (probably a good 10+ min walk to the G train, maybe at Classon?), and the fact that Kent Ave. is fairly sketchy. There's a building across the street converting to condos (I believe an old underwear factory), but other than that, the immediate area is fairly dirty and desolate.
Possibly a good investment though, as the movie studio will be opening nearby in the Navy Yard. There's also a fairly cool bar on Taffee called Sputnik, though I suspect it's overrun with Pratt students.
Posted by: Lesterhead at February 8, 2005 4:08 PM
Sputnik has started booking burlesque shows, so the neighborhood is surely on the rise.
Posted by: Linus at February 8, 2005 5:35 PM
Oooh, an underwear factory? Hmmm. I wish we had checked them out during our long walk next weekend. Maybe next time.
Burlesque shows, huh? We'll know the neighborhood is on a slope when the strollers start arriving.
Posted by: corie at February 8, 2005 7:51 PM
oh my golly gee...you are one of the best photographers I have truely ever seen...I would love some of your work...any more that I can love? you can e-mail me if you'd wish, keep up the spectacular work....
Posted by: Jess at February 8, 2005 9:36 PM
I would jump on it. Think of the gate as quaint or something...like Washington Mews...
Posted by: Nancy at February 9, 2005 12:26 PM
i guess there's nothing wrong with the CHV itself, but it seems like it doesn't belong in this neighborhood. maybe further out into midwood or something it would seem more correct. here it comes off as a place for people who want to seem hip and live in the hood but with an enormous wall sealing out the Real World.
the only other gated place i know of near here is the Old Folks Home next to my house, and that gate is probably mostly there to keep the old folks from wandering off.
Posted by: ChrisG at February 9, 2005 12:35 PM
you have an old folks home? is that the home for old ladies?
i don't know enough about the buses listed, but it does sound like it's kind of out of the way. i wonder what other condo buildings will be developed there in the future, though, or what the potential for property value growth is over time.
shit, yo. i sound old.
Posted by: corie at February 9, 2005 1:03 PM
Clinton Hill Village, another phase for gentrification. I reside in the vicinity, and the " village" is in the middle of the hood, and in proximity of the Lafayette Garden project. The area/neighborhood is going through racial/economic transition. Brownstone townhouses and co-ops are going for an average of $750,000.; therefore this prospect is a steal. Rents ( average 2br apt) are going for median price of $1500.00 Inaddition, the new studio, located near the Navy yard and Clinton Hill Village has been implemented and will be ready to operation in 2007. However, to gate a community in an established community is a racist and seperatist statement, which will not be conducive for the community. Gentrification is at it's all time high in the community. Once called Bedford Stuyvesant brooklyn, 15 years ago, now is called Clinton Hill Village. Shame, Shame, Shame
Posted by: Marty at February 24, 2005 9:41 PM
I'm looking to purchase one of these. While the area looks a bit run down, I'm sure it will turn around once those luxury condos fill up. Apparently they are already 90% sold. I too find the gate a bit offensive. Really sends a shitty message to the long term residents of the area.
Posted by: Josh at March 9, 2005 3:18 PM
My friend spoke with the "owner" recently and was told that she only needed $12K down to purchase, but that she would have to sign a "sellback" agreement. It states that in '08 she agrees to sell the unit back to mgt for her original purchase price + $100K....never heard of such a thing. You? Is this for real???
If so, is mgt trying to "hedge" the units, just to "re-flip" them once the studios are up and running????
Posted by: Danielle at April 20, 2005 11:36 AM