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Real estate investor and author Boaz Gilad’s latest development project has just hit the market: It’s a 14-unit, 20,000-square-foot Scarano design at 433 Warren Street. Probably the most distinguishing characteristic of the project is the fact that there are a number of triplex townhouses with their own driveways. So far, the only unit to get a nibble is a 1,624-square-foot four-bedroom that’s asking $1,495,000; there’s a “contract out,” according to the homepage. The elephant in the room on this one, of course, is the proximity to the Gowanus Houses. There was an open house last weekend. Anyone check it out?
Development Watch: 431 Warren Street [Brownstoner]GMAP DOB
433 Warren Listings [TDG]


What's Your Take? Leave a Comment

  1. scarano is notorious for designing those midget bedrooms and file them in DOB as “storage” when in fact developers market them as “loft bedrooms.” it’s simply a developer’s trick to gain more sellable spaces. they are horrible, dark spaces and scarano is more like a developer’s bitch than the howard roarke of our time. i was intersted in the development because of its price and location in the beginning. now that i know it’s a scarano project i am just gonna forget about it.

  2. dear 12:19, maybe you know the broker for the project so well because YOU ARE him…
    :)))
    and hey – the prices there are NOT a “solid value” because:
    1. look around you -everywhere, prices are dropping especially for new buildings -it’s RECESSION! price it well and just MAYBE you’d than have a chance to sell them.
    2. you have exactly 2 huge projects surrounding that street… what do you think, that people who by accident would actually have that kind of money would actually LIKE living there under the circumstances?? no matter how “gorgeous” the units are…

  3. I know the broker for the project very well and have seen the units. I can tell you this. The units are gorgeous, they were just recently released on the market so its early in the game and the prices are a solid value. But what’s the point of reading about it. Go see it for yourself and gather your own vision of the spaces. You get to be in a happening BK neighborhood, and frankly rather than spending money on rent every month because of the prices in the city, why not have something to show for hard work and be an owner. By the way, its no secret which direction the outer boros are going, especially Brooklyn as far as real estate values. You can read all about it.