The Daily News reports that more than half the units at 110 Livingston, the former Board of Ed building in Downtown Brooklyn being converted into condos by Two Trees Management, are in contract. When the sales office opened almost three months ago, there were 1,200 people signed up to check out apartments. Given the building’s architectural pedigree (McKim Meade & White) and convenient location, the demand is not surprising, especially given the average price of $678 per square foot, far lower than the pre-sales buzz. The offering is attractive enough that even former city employees who used to work in the building are signing up. A few blocks away, at the BellTel Lofts, Douglas Elliman reports that 13 of the building’s 219 units are in contract and another 14 contracts are being processed.
Condos Replace Offices [NY Daily News] GMAP
Board of Ed Building Sales “About to Start” [Brownstoner]