The FHA trend has officially gone upscale: Curbed is reporting that the Belltel Lofts at 365 Bridge Street in Downtown Brooklyn has been approved by the FHA for buyer financing, joining several other buildings in areas like Williamsburg and Bed Stuy that have already proven that the lure of 3.5% down-payments can be enough to overcome major bear markets and questionable locations. Given that the Belltel is one of the higher-end conversions in Brooklyn, it’ll be interesting to see what kind of pop this gives to sales. Predictions?
CurbedWire: 3.5% Down at BellTel [Curbed]
Targeted Price Cuts at Belltel Lofts [Brownstoner]
Checking In On The BellTel Lofts [Brownstoner]
Belltel Parking On Tap [Brownstoner]
Belltel Lofts: 50% Percent Sold [Brownstoner]
The Belltel Lofts: 40 Percent Sold [Brownstoner]