We’re not usually fans of these brownstone condo conversions, but this one at 502 1st Street strikes us as better than most (though it’s no 24 Remsen!). The building has been divided up into four units ranging in price from $699,660 for a 828-square-foot two-bedroom to $1,140,525 for a 1,233-square-foot two bedroom. The asking prices of all four units tally to $3,359,461, a good deal more than the $1,500,000 the developer paid for it; then again, he’s had to renovate and carry the building for four years so there’s probably not a ton of profit left, even if he manages to nail these prices. Warren Lewis hosted the first open house yesterday. Anyone go?
502 1st Street [Warren Lewis] GMAP P*Shark