Yesterday Curbed reported that two short sales at Schaefer Landing, the first of the Williamsburg Waterfront developments to get built post-rezoning, had gone through. The first, Unit #20A, was bought for $1,232,000 in 2006 and ended up going for $715,000; the second, Unit $7A, originally sold for $925,000 in 2007 and was picked up by a bargain hunter recently for $665,000. The two short sales came in at $590 and $523 per square foot, respectively. Low, but, points out Curbed, not as low as this unit that’s currently on the market for less than $500 a foot.
Short Sale Success at Schaefer Landing [Curbed]
Photo by themikebot