Checking In On 346 Coney Island Avenue


Last March, we thought the condos at Park Circle were in for massive price cuts. Despite the great access to the park, our readers pointed out the measly supply of neighborhood amenities, FOLC (fear of low ceilings), the dangerous traffic at the entrance to the park. Well, according to Streeteasy, only two listings are still active at the building, with nine in contract and 73 sales. Prices have indeed been falling, though no more than at other buildings in the borough. Unit #902, a 1,526-square-foot, two-bed, two-bath condo, got a $75,000 shave seven months ago to $810,000, and #905, a 1,428-square-foot two-bed, two-bath took $40,000 off five months ago, to make it $695,000. The most recent sale was on October 12, when an 1,150-square-foot two-bed, two-bath unit went for $605,000, after a $55,000 discount. Can they unload the last two in this market without further cuts?
Park Circle Listings [Corcoran] GMAP
Condo of the Day: Park Circle [Brownstoner]
Park Circle Apartments Already on Market [Brownstoner]
Squaring Up With The Park Circle [Brownstoner]
Set Speed Condo Report: Park Circle [Brownstoner]

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