Cobble Hill Towers More Than 30 Percent Sold


The condos at historic Cobble Hill Towers are more than 30 percent sold, said David Kramer, principal of the Hudson Companies Inc., which is renovating parts of the property and handling the condo conversion. “We’ve been doing quite well with sales in the last three months. Partially because success begets success and partly because market is strong,” he said. Wells Fargo offers financing with 20 percent down; some current residents are unhappy FHA financing is not available, according to a Brownstoner reader. Hudson expects to reach the 50 percent sales mark and then get FHA financing sometime over the next 18 months, said Kramer. Current tenants of the rent-stabilized and rent-controlled complex, which is located at Warren, Hicks, & Baltic streets, have the option of continuing to rent, taking a buyout or buying their apartments. There is also a rent-to-buy option. The conversion had hoped to get a waiver and FHA financing before reaching 50 percent and is still pursuing that option, added Kramer. Because the units are small, most are priced at less than $400,000. The landmarked nine-building complex was designed by William Field & Son and built in 1879 by wealthy industrialist Alfred Tredway White as model housing for workers. The apartments are linked by external hallways and stairs, and originally featured common bathing facilities in the basement.
Cobble Hill Towers: 30 Percent Buying or Being Bought Out [Brownstoner]
Cobble Hill Towers Condo Plan Drops [Brownstoner] GMAP
Photo by Hudson Companies Inc.

8 Comment

  • While these buildings are very handsome looking on the outside, the layouts are somehwhat ridiculous. Obvoiusly they are smaller than small because of what the original intentions were. But some of the shapes of the rooms, and the placement of some of the windows, from the inside are retarded, there are the 2 bedroom apartments with 2 windows in the closet???? obviuusly theses layouts were re-configured, I am assuming…..

    lets not even go there with some of the 3 bedrooms apartments that have a half bathroom, like these layouts are small enough, thus taking us more closet/living space with another bathroom…..

    Not worth the money. Even the studio apartment is no better than a prison cell, with a window to the outside world. There should have been no studio apartments, and they should have been incorporated into the next apartment to make then a bit larger, and more liveable.

    Again, they are so nice from the outside, but for today’s standards, they are really kind of tight, unless you are coming from your parents house and this is your first place alone, thus buying furniture to fit the apartment, plus the fact you don’t have that much “stuff” st 20……then it could work.

  • I wondered why the listings for these apartments never showed the inside.

  • You can see the interiors of the apartments and the floor plans here. I should have mentioned it in the post. http://www.cobblehilltowers.com/apartments

  • You can see the interiors of the apartments and the floor plans here. I should have mentioned it in the post. http://www.cobblehilltowers.com/apartments

  • the location is good, sorta. But the apartments are workers housing from the 19th century so enuf said.

  • the location is good, sorta. But the apartments are workers housing from the 19th century so enuf said.

  • BQE-adjacent.

    “I love the smell of napalm in the morning. It smells like… victory.”

  • Always good to hear the positive words from the online community. And as a clarification, it’s a buy-to-rent option not vice versa. Buyers can move in through an interim occupancy agreement prior to their financing closing.