Monday, May 12, 2014

One Of Two New Townhouses On Bond Street Now In Contract

The two brand new townhouses at 330 and 332 Bond Street between President and Smith Street have been for sale for a few months now. The identical 20-feet wide, 3750SF two-family houses were originally marketed in early 2013 for $3,495,000, but recently, the price was lowered to $2,895,00 by Halstead Property. Now it appears that a contract has been signed for number 332 Bond Street.

Here is the property description from Halstead Realty:
"Come discover the timeless beauty and unparalleled modern luxury of 330 Bond Street. Sacrificing nothing in its marriage of classic architecture and modern convenience, every inch of its 3750SF indoor space and 1500SF outdoor space (landscaped yard, terraces on every floor!) will delight you. Flexible in design, this 20 wide home is currently configured as a 4BR/3.5BA master residence ascending from the parlor floor, with a generous 2BR/1BA rental apartment on the 1st floor. Only $772/SF and yet no detail has been overlooked in the quest for perfection: The bespoke, eat-in kitchen gleams with Sub-Zero, Wolf and Miele, the gas fireplace and radiant heat floors warm your toes, and behind the walls are all the latest connections you need to reach the outside world. Hungry? Lucky you, you are less than a mile from the new Whole Foods, and all of your favorite Smith Street haunts are even closer. If you MUST venture further, public transportation is nearby to whisk you into Manhattan in just 20 minutes. But its entirely possible you may never wish to leave. Come see for yourself."

What the realtor fails to mention in the description is that Bond Street flooded during Hurricane Sandy. According to New York City's Evacuation map, the two houses are in Zone 2.  The new home owner(s) may have to deal with a wet basements now and then. Just saying…

 New York City Flood Evacuation Zone Map
Preliminary FEMA Flood Hazard map for Gowanus Canal area after Hurricane Sandy


Anonymous said...

What do you expect a realtor to say? "Only 3 block from the projects!" "Canal smells sometimes!" or maybe "NIMBYs will whine if you change anything!".

Come on, the realtor is making a living, it's all on the buyers to do their due diligence, get flood insurance and deal with the crap (literally) as it comes.

Anonymous said...

This post is Banana(s)!
Build Absolutely Nothing Anywhere Near Anything

Anonymous said...

What do you suppose they do, knock down all the buildings in the flood zone? This looks to be a beautiful, traditional renovation. I am not sure WHAT would please this crowd.

Trumbull Bully said...

Bully ovah herre...

The seller's agent did nothing wrong omitting anything about the drawbacks of the house. If they did mention those things Katia listed, they wouldn't be a very good seller's agent to begin with. I think this shows the importance of being represented by a good buyer's agent when house hunting. Seeing how far below ask these went for, I can only assume this was the case ovah herre.

bored at work said...

This is a clear case of buyer beware. If the buyers are happy buying a new building on Bond Street, one block from the Canal, in the flood plain, with the mechanicals below grade, good for them. More power to the developer if he found the one buyer he needed. I would not be that buyer, however.