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June 8, 2007

133 Water Half-Rented, Partially Inhabited

133water0607.jpg
Given that this is the view from the men's bathroom in our office building in Dumbo, we've had a unique vantage point from which to chart the evolution of 133 Water Street from construction to condos to rentals. When these shades went up last week, we decided to check in with the listing agent for a status report. The low-down: As of yesterday 26 out of the 52 units were rented; the first tenants moved in on May 15. The remaining 26 units range in price from $2,900 a month for 723-square-foot one bedroom to $5,600 for a 1,343-square-foot three-bedroom. Has anyone seen the interiors in person? Care to comment?
133 Water Listings [Apts & Lofts] GMAP P*Shark
Dumbo's 133 Water Goes Rental [Brownstoner]
Development Watch: 133 Water Street [Brownstoner]
Development Watch: Scarano Gets Skin in Dumbo [Brownstoner]
Development Watch: Adding to Chaos in Dumbo [Brownstoner]




Posted by Brownstoner at 12:00 PM | Comments (13)
Categories: Dumbo, Rentals

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Comments

I have seen the interiors, great views, great light, ok lay-outs. They did an excellent job on the sound proofing but the finishes are IMO shabby. The bathroom sink surrounds were already water stained, cabinets weren't well installed, funny chemical smell in the units. The smell I found particulary disturbing because airing out your apartment isn't really an option. Also, I heard that an entire floor had students renting. Certainly, not a plus for this 30+ year old.

Posted by: Anonymous at June 8, 2007 1:08 PM

$2900/month for a one bedroom in Dumbo? Seriously? This isn't dumbo hating or antyhing, I'm just amazed that Brooklyn is getting to this point with rents.

Posted by: ed at June 8, 2007 2:17 PM

i looked @ 133 water when apartment hunting, and imho, for the rent amount you can get a nicer place somewhere. construction seems a bit slapdash - i noted faults that i wouldn't accept as a buyer (sticky doors, crooked cabinets).

they were quiet though.

Posted by: brittany at June 8, 2007 3:28 PM

what students can afford $2900 for a 1 bedroom? that is a stupid comment and im sure completely untrue.

Posted by: Anonymous at June 8, 2007 5:08 PM

hey brittany spears...
these are rentals not luxury condos. if you call mr walentus down the block he has something for you.

Posted by: Anonymous at June 8, 2007 5:11 PM

I looked at a few units. It's hard to believe they were intended to sell as condos. Agree with earlier comments pretty shoddy work. Not a great location in dumbo either. Bleh.

Posted by: Anonymous at June 9, 2007 12:19 AM

Most of the work had not yet been completed when these were being considered as condos. They were never officially on the market as condos, it was just an option. When the developer chose to go the rental route you can be sure they rushed the construction as much as they could to get people in there as quickly as they possibly could.

Posted by: Anonymous at June 9, 2007 1:33 AM

I saw them a couple of weeks ago. The soundproofing is VERY impressive. You couldn't hear the Manhattan Bridge at all. I like the layouts - very spacious and airy for a rental. I have to admit that I didn't look too closely at the bathroom and kitchen finishes, but they looked good to me. Rent seemed high at first, but after doing some research, that's what rents seem to be in the neighborhood.

Posted by: dave at June 10, 2007 3:05 AM

Anonymous at June 8, 2007 5:08 PM

just ask the listing rental agent. This is 100% true.

Posted by: Anonymous at June 10, 2007 9:42 AM

Anonymous at June 8, 2007 5:08 PM

just ask the listing rental agent. This is 100% true.

Posted by: Anonymous at June 10, 2007 9:43 AM


Come to Manhattan, I have plenty of rentals, lower and better. Check around, this is laughable. Rrobably hospital staff
that need to be in nabe. No sense otherwise

Posted by: Anonymous at June 11, 2007 7:50 AM

Hospital staff? What hospital? Do you even know where Dumbo is?

Posted by: Rascal at June 11, 2007 10:46 AM

A friend saw this building a few weeks ago...

He said it was the nicest thing he'd ever seen, but ridiculously overpriced by about 30% over similar properties elsewhere.

They're got to be facing foreclosure though-- they tried to get him to pay a security deposit of 12months in advance. Yes- you heard right. Not a month, not two... they wanted a full years rent as deposit. If that doesn't scream "Um... creditors are suing us, your lease will never be renewed" , I don't know what does.

Posted by: guest at September 21, 2007 3:55 PM

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