When we looked at the Dunham Condominium on South 6th Street in Williamsburg last August, the sales process was just getting started and there was some confusion about how ambitious the developers were going to be in their pricing. It looks now as if prices range for the 14 apartments from about $550 a foot on the ground floor to about $750 a foot on the top floor. According to the Developers Group website, there is one contract signed and 4 contracts are “out”–which doesn’t real mean much. The fact that only one contract has been signed in the last four months or so is a pretty weak showing. Then again, the building is in the shadow of the Williamsburg Bridge and the rumbling J/M/Z lines. If anyone’s been following this closely, we’d be curious to know whether there have been price cuts already.
The Dunham Condominium [Developers Group] GMAP
The Dunham: Does Not Compute [Brownstoner]
Dunham Condo Photo [Wired NY]