As Curbed noted yesterday, the team marketing 80 Met, the 114-unit Williamsburg condo, sent out a press release yesterday saying the building is FHA approved and half spoken for: “Steiner NYC, developer of Steiner Studios and 80 Metropolitan, Williamsburg’s new midrise, loft-inspired condominium, is pleased to announce that the building has received FHA approval, meaning that borrowers can now get mortgage loans with low down payments as little as 3.5% – and easier credit qualification. Residents have already begun settling into the building and more closings are underway, with over 50% of the newly finished homes sold. Steiner NYC reports that 11 units were sold over the last 60 days.” StreetEasy is showing that there have been closings on 20 units and another 34 are in contract. (That’s not quite 50 percent, but it’s certainly close.) Listings are running from $419K for a 531-sf unit up to $1,635,000 for one of the development’s townhouses.
2 Williamsburg Developments Pass 50 Percent Mark [Curbed]
80 Met Now 45 Percent Sold [Brownstoner]
Dive In at 80 Met [Brownstoner] GMAP
80 Met Makes it Official [Brownstoner]
80 Met Receives TCO [Brownstoner]
Price Cuts at 80 Met [Brownstoner]