Sales have officially begun at 3311 Newkirk Avenue, a contemporary six-floor condominium in Brooklyn’s East Flatbush neighborhood. Located on a tree-lined block between New York Avenue and East 34th Street, the building is a short walk to the Newkirk Avenue subway station which serves the 2 and 5 lines.
The building is composed of 10 two and three-bedroom residences that offer open kitchens, ash wood flooring, oversized windows, and individually controlled heat and air conditioning.
All the newly-listed condos are two-bedroom spreads with basement-bargain prices starting at $535,000 ($643 per ft²). This compares to the $1.41 million ($1,250 / ft2) median price for the 244 two-bedroom condos currently listed in Brooklyn on our website. Even more incredible, buyers in 3311 Newkirk will qualify for a 421-a tax exemption.
Per the listing descriptions, light-filled kitchens have stainless steel Whirlpool appliances, complemented by a tiled glass and ceramic backsplash and stone countertops. Baths have radiant heated flooring, deep soaking bathtubs, Kichler LED lighting, and fixtures by Delta. The two listed ‘A’ line units have compact 832-square-foot layouts with two bathrooms, three closets, and a washer/dryer. Current ‘B’ line availabilities are priced from $565,000. They are slightly larger, have a walk-in closet in the master bedroom and overlook the building’s common landscaped courtyard.
City records show the building’s developer is Crow Hill Development who developed Zinc in Tribeca and is redeveloping the former Nassau Brewing Co. plant at 945 Bergen Street. The Crown Heights-based firm picked up the Newkirk site for $475,000 in early 2015.
The building’s architects are Formactiv Architecture and the exterior presents a rather austere and insensitive dark brick design with some textural patches, large operable windows, and a partly-setback penthouse floor.
The building is a short bus, train, or bike ride to the recently-rehabilitated Kings Theater and beautiful Prospect Park. Directly across from the building is the affordable enclave of Flatbush Gardens where two-bedroom rentals are available for less than $2,000 a month. Word is already spreading on the neighborhood's affordable prices and cozy, low-scale streets. Around the corner from 3113 Newkirk, Heights Advisors is finishing construction on a 34-unit ground-up rental at 1311 New York Avenue.