
I’m sick of seeing old Bushwick buildings being gutted of whatever historic charm remains so that ugly fake brick can be pasted onto a new facade. I’m so over hideous, disrespectful new “luxury” construction set back so far you could park a tractor trailer in front of it. So when I went to view a new condo conversion at 54 St. Nicholas Avenue, I was thrilled to see a building not just left intact, but made to be more intact than it has been for decades.
The condo is in the middle of a row of sweet brick 6-unit buildings that remind me of a sort of poor man’s Tudor style. The hallways all have the original hexagonal tiles with a red border. Where they could, the workers saved every detail, from the original parquet floors to the old iron tubs. The kitchens, however, are new, and while they’re not top of the line, they are of a perfectly decent quality — no cook would have a problem in here.
Nearby is a popular Bushwick “hipster cluster” — Northeast Kingdom, Wyckoff-Starr cafĂ©, TortillerĂa los Hermanos, Green Village junk shop, various performance and art venues, and of course, the Jefferson L station.
Kenan Gunduz is the project manager, and is involved in everything from design and renovation to pricing — he has even claimed one of the apartments as his own. What better endorsement of a product can there be?
I’ll let Kenan speak for himself about the developer’s philosophy:
“The goal is to maintain the detail and craftsmanship of existing buildings while giving people an affordable, easy, and nice place to live. It’s really about our perspective, which tends to be more long term and takes into account cultural and historic contexts, while seeking to preserve and sustain rather than just turn a quick profit. We believe that we are selling our product for $40-50 G less than we could get, but sometimes it’s more than money — our customers become our best salespeople. And by working to create a win-win situation with those who sell us the buildings, the tenants there at the time of the sale, and eventually the neighborhoods we work in and the people who buy our condos, we create a goodwill that carries over to the next project.”
The best part is that they have several projects of the same caliber planned throughout Bushwick. Hopefully their kind of business practices become dominant in our real estate market.
The remaining 570 and 540 sqft apartments sell for $300,000 each. It’s a high price per square foot, but the layouts are extremely efficient, and it’s doable for a young, single professional. There has only been a “soft marketing” campaign since June, and 4 of the 6 apartments are spoken for. If you’re interested in the two that are left, email Brad at Select Real Estate or call him at 917-502-6881.
#1a: $300,000, 570 sq ft, $90 maint (approx), $48 tax (approx)
#1b: $300,000, 540 sq ft, $80 maint (approx), $45 tax (approx)

















Jasmin September 20th, 2007 at 11:12 am
These look absolutely lovely. I love the old iron tub and subway tile in the bathrooms as well as the original door knobs…mostly because it looks like my current apartment here in Jersey City. lol
I didn’t have to pay nearly as much as this place is asking and I do have much more space, but still, I think the pricing is very fair for Bushwick. And the taxes and maintenance are extremely low!
I think it’s a great deal considering the great craftsmanship. I too hate when a reno involves demoing all original details! It’s nice to see that this job is being done so spectacularly!
jay September 20th, 2007 at 12:04 pm
They do look tastefully done, but are they studio apts? No pic of the bedrooms so I assume so. But yet don’t see a bed in main living area (unless it’s a pull out sofa). Maintenance is very reasonable. Area is great. Sf is small but looks well used. price is okay.
Guess this apt. is the Real Estate round up for today?
Love the old brick building, although I wonder the price of the fake brick.
Kenan September 20th, 2007 at 1:01 pm
In answer to Jay’s question, the apartments all have a seperate bedroom, living room and kitchen. In one layout, the bedroom is seperated from the living room by a hallway with a closet. In the other layout, there is a plaster and lathe wall dividing the bedroom and living room. We kept the period door casing/moldings where the owner can choose to have us hang a french door original to the building or solid door depending on preference. Thanks to all for the kind words and encouragement! It’s good to know there are people of like mind out there…
Riggles September 20th, 2007 at 1:41 pm
“Absolutely lovely” and “tastefully done” are the understatements of the century. These units have been taken on by a development team that has taken gut-renos to a new level of excellence. From the perspicatious eye of the project’s manager, Kenan, this building breathes a refreshing minty breath of fresh, clean air into a hot stinking maelstrom of big glass and exposed concrete kerfoffles. Keep on, Kenan, and may more projects be outfitted by this team.
RE: Studio Question
No. Everything has at least one bedroom. The unit featured has a separate bedroom off the main room.
Sarah Jenny September 20th, 2007 at 4:40 pm
not a bad deal at all.
jay September 21st, 2007 at 9:21 pm
the maintenance fees and taxes are very low. how approximate is this?
Heather September 22nd, 2007 at 9:32 pm
These look great, although I think when you compare them against prices cited in the Time’s most recent real estate article, http://www.nytimes.com/2007/09/23/realestate/23hunt.html?ref=realestate
– they come off a bit overpriced.
Sandra September 24th, 2007 at 9:50 am
What a business – DO bargain the purchasing price!! $300,000 for a unit (it’s only 500 a bit plus sq??) The owner bought the ENTIRE building not so long a go, back in 2006 for only 505,000.
300,000 for 500 sq in ST NICHOLAS AVENUE??? GIVE ME A BREAK.
jbjb September 25th, 2007 at 12:30 pm
To comment on Sandra, yeah, that’s real estate’s story. Get in cheap, go out loaded. People are paying $300k and UP in this area–believe it or not. Just 3 years ago, Bushwick would have been hands-off to anyone looking to rent an apartment there. Now it is a hotspot to live. Crazy.
Heather September 26th, 2007 at 5:00 pm
That’s real estate’s story…
IN a huge bubble!
So what’s the story on the people who got kicked out of this building before the conversion?
Jeremy September 26th, 2007 at 5:10 pm
The building was half vacant, the rest were paid several thousand dollars to move out and were found other apartments.
Speaking of bubbles, sorry to burst yours. Did I say sorry? I meant delighted.
Joe November 5th, 2007 at 8:11 pm
Does anyone know what that corner storefront is going to be? I think it’s a block down from this condo on St. Nicholas.
derwood November 7th, 2007 at 11:13 am
definitely pricey but with that maintenance it is a solid deal nice reno!
erin November 22nd, 2007 at 4:04 pm
I just bought the last one! I am so happy about it — I don’t know why, but there is something about this little section of the universe around the Jefferson L that I love — I wasn’t looking to live or buy anywhere else in the whole city. I have been in NYC five years and have been in Manhattan, and other parts of Brooklyn — didn’t like anywhere else as much here. The workmanship of the whole place, inside and out, is of rare quality. Does anyone know what is going in on the corner of St. Nicholas down the street? I am excited to find out.
Jeremy November 26th, 2007 at 11:17 am
Congrats Erin, it’s a cute place in a nice corner of the hood.