This sprawling co-op complex offers affordability in an increasingly pricey area
Many New Yorkers believe that reasonably buying a home means making big sacrifices, especially when it comes to location and proximity to the city. But in Downtown Brooklyn, there are still deals to be had. One block from the posh Brooklyn Heights neighborhood, directly across from Cadman Plaza and within walking distance to major commercial hubs, Concord Village offers an unexpected entry point for buyers. “This complex is priced much lower than new development and even most of the co-ops in the area,” says Lisa James, an agent at Corcoran. “In terms of value proposition, I think everything about Concord Village (the affordability, the location, the amenities) gives buyers the opportunity to live in a great neighborhood.”
Initially built in 1950 as middle-income rentals, Concord Village converted to a co-op (sans income restrictions) over 30 years ago. The seven-acre co-op complex has seven red-brick buildings, each 15 stories tall. Gated around the perimeter, it’s somewhat of a self-contained development. Outdoor parking lots are scattered throughout, meandering walkways connect the towers, and the landscaped grounds are impeccably maintained. Residents will find shaded places to sit, a private playground and a dog run. As Anthony Morris, an associate broker working lockstep with James, puts it, “because the complex is so large, it lends itself to having its own community. There's a spectrum of owners, from people who have lived there for decades to those who moved in a few months ago.” No matter residents’ tenure, the co-op’s appeal remains the same: convenient location, approachable prices, nice amenities and reliable financials.”
Shared spaces can be found in each building, including a roof deck with city views
In addition to the well-maintained, amenitized grounds, residents will find common areas within each building. Inside the lobbies, which are attended around the clock, the co-op has leaned into the buildings’ midcentury era. “Even the furniture is cool,” Morris says. “I mean, it’s the type of stuff I would put in my own apartment.” Whether on the ground floor or in the basement, there’s a laundry room, bike room and storage in every building. But the most desirable common spaces are perched 15 stories up. “Each building has its own roof deck,” Morris says. “You can see both bridges and out to the Manhattan skyline. It’s gorgeous at night.” The complex also offers a fitness center, a playroom and a community room that can be reserved for events.
Demonstrating the co-op’s sense of community, owners have established various clubs for their fellow neighbors, including fitness classes, a gardening group and one that supports resident-small business owners. Parking lots are located throughout the campus but may have a waitlist. Including the full-time doormen, porters, handymen and two live-in supers, the co-op employs an impressive 60-person staff. Plus, the management office is located on-site, and security guards patrol the grounds every day from 2 p.m. to 6 a.m.
Units come in a range of finishes due to decades of renovations
As for the apartments themselves, many buyers are attracted to their spaciousness. “The post-modern layouts in these units are quite large and allow new owners to capitalize on the price per square foot they paid for,” James says. Many have chosen to renovate, bringing the midcentury finishes in kitchens and bathrooms to modern standards through new cabinetry, tiling, counters, hardware and fixtures. Of the original features, only the hardwood parquet floors are typically preserved. “The co-op is in the process of upgrading the windows, too,” Morris adds. “They’re more energy efficient and will make the apartments more soundproof. This is a busy area with cars everywhere, but you won’t get that street noise anymore.”
Concord Village has over 1,020 units across its seven buildings, mainly including studios, one- and two-bedroom apartments. Unit combinations have resulted in some three-bedroom apartments, but they’re uncommon. Prices for studios start around $275,000, while one-bedrooms start around $420,000. Two-bedroom apartments typically sell between $700,000 and $1 million.
This busy area includes courts, schools, parks, shops and restaurants
The complex fronts Jay, Tillary and Adams streets, the last of which runs parallel to Brooklyn Bridge Boulevard and Promenade. As such, the area sees a lot of through traffic from those traveling to and from Manhattan. The surrounding blocks get a surplus of foot traffic, as well, due to the large institutions nearby, including federal courthouses, colleges and Community High School, a charter campus that’s nestled into Concord Village’s complex. Three other businesses are on-grounds, accessible from the street: a bistro, a grocery store and a dry cleaner. Flanking the property are three green spaces: Cadman Plaza Park and Whitman Park to the west and McLaughlin Park to the east. Residents can also walk less than a half-mile to reach the shops and restaurants along Fulton Street Mall. “There’s proximity to a lot of other neighborhoods, too,” James says. “It’s near Brooklyn Heights and DUMBO, where you can enjoy Brooklyn Bridge Park and the Brooklyn Heights Promenade.”
Excellent connectivity by train, bus and car
The nearest subway station, serviced by the C train, is just beyond the complex. Other nearby stations, many of which are one stop from Manhattan, offer seven more trains: the 2, 3, 4, 5, A, F and R. Plus, four bus lines are located along the co-op’s perimeter. Residents with cars can quickly reach the Brooklyn Bridge and Brooklyn-Queens Expressway.
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Current List Price
Sold Price
Area Factors
High Crime
Crime Score®
8/ 10
Biker's Paradise
Bike Score®
91/ 100
Walker's Paradise
Walk Score®
97/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Walt Whitman Park
4 min walk
Picnic Area
Trails
McLaughlin Park
4 min walk
Baseball/Softball
Basketball
Playground
Korean War Veterans Plaza
5 min walk
Picnic Area
Trails
Trinity Park
5 min walk
Picnic Area
Trails
Maritcha R. Lyons Park
6 min walk
Trails
Playground
Cadman Plaza Park
6 min walk
Picnic Area
Trails
Events
Susan Smith McKinney Steward Park
7 min walk
Playground
Columbus Park
7 min walk
Picnic Area
Trails
Events
Hillside Dog Park
12 min walk
Dog Park
Picnic Area
Schools
Source:
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