We got bombarded this week with data about the sales (or lack thereof) at Williamsburg’s Schaefer Landing by a guy with either an axe to grind or way too much time on his hands. A few things we know: (1) The developer switched from Elliman to Halstead several months ago, which suggests sales didn’t get off to a booming start; (2) Halstead currently has 15 condos as 6 rentals up on its website, so the place is far from sold out; (3) Some original buyers (like Apartment 10D) are trying to get out of their investment. We’re not so sure about our tipster’s calculation that there are some 50-odd units for sale or rent through various brokers; this tipster also reports that a lot of the original purchases were by investors, not people planning to live there, which wouldn’t bode well for the stability of prices. Anyhoo, we’re sure some of you have been paying closer attention than we have. Is this really a bad situation or is it just a big building that still has a bunch of units left? Property Shark shows no comps for the past twelve months.
Schaefer Landing Listings [Halstead] GMAP
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Brooklyn, one building at a time. Name: Originally Elephant Club, now ground floor retail Address: 1409-1411 Fulton Street Cross Streets: Marcy and Tompkins Avenues Neighborhood: Bedford Stuyvesant Year Built: 1888 Architectural Style: Romanesque Revival Architect: 1409 unknown, perhaps Sibell & Miller, who built 1411 Landmarked: No The story: In September of 1888, the Echo Bowling […]
Urban Market opened Friday at the foot of the Williamsburg Bridge at 11 Broadway. The 16,000-square-foot store is an offshoot of Key Food and aims to offer both upscale and basic items, according to a press release sent out by landlord L+M Development Partners. The store features a gourmet deli with a kosher section, a […]
This four-story brownstone at 789 Quincy Street has a nice amount of original detail, but looks like it could use a little polishing. The listing says it’s “fully functioning and awaiting your cosmetic upgrades.” It’s in the northeast corner of Bed Stuy near Broadway and the Gates stop. How do you like it and the […]
This three-bedroom condo at 1 Montgomery Place in Park Slope is very impressive. The 2,624-square-foot duplex has been carved out of a former mansion and includes a 750-square-foot private garden. The layout is much more generous than what you’d find in a typical brownstone and there are lots of original details. Asking price: $2,650,000. 1 […]