Condo of the Day: Mill Building Raw Flip

not beyond the realm of possibility

Posted by: guest at October 23, 2007 1:48 PM

I can't imagaine anyone would be stupid enough to buy in williamsburg at this stage of the market.

Posted by: guest at October 23, 2007 1:59 PM

We live in an insane city.

Posted by: guest at October 23, 2007 2:00 PM

I agree, 1:59.

Although this might be a step up from the other crap over there.

Either way, WAAAAY too much inventory coming on the market in Williamsburg.

Posted by: guest at October 23, 2007 2:05 PM

Why is our city so insane, 2:00. Seriously, I'm curious.

It was just said today that New York isn't even the most expensive housing market in the U.S. San Francisco is...followed I believe by LA and then New York.

So why is it so insane? New York is the capital of the world in many regards. Oh yeah...and a large part of it is an island. You don't think we should have high land and home values?

People spend this kind of money on a similar sized home in New Jersey or Connecticut, why not one of the greatest cities in the world?

I'm confused.

Posted by: guest at October 23, 2007 2:08 PM

not too much inventory in williamsburg. that is very short run thinking. there continues to be a high demand for housing in this city which will only increase.

williamsburg is an amazing neighborhood very close to the city. can get home in a cab in under 15 minutes from soho. also, walk home 1 -2x per week.

if you personally don't like it, bet you never lived there or you probably just don't care about fashion, music, photography, design, etc... and having people around you who do isn't important to you.

williamsburg is the neighborhood that houses the business creatives - the hip, the happening, the folks that shop at Barneys and not in a food coop.

i bought a 7 figure condo there. very happy. the owners in the complex are successful and creative. it's an excellent environment. neighbors are designers, musicians, writers, bar owners, clothing store owners, etc... cannot believe how lucky we are.

the restaurants are fantastic. the shopping is some of the best in NYC. tourists flock to these shops every weekend.

obviously, this is the brownstoner blog, but you have to understand that not everyone wants to live in a victorian style house. many prefer modern apartment living.

there was a resale in our building (original owner moved out of the country for biz) and the apartment just sold, in this market for a big profit.

it's silly to act shocked that everyone doesn't like the same thing - like 1:59's "I can't imagaine anyone would be stupid enough to buy in williamsburg at this stage of the market."

if you are shopping and find an apartment you like, make an offer.

Posted by: guest at October 23, 2007 2:23 PM

2:23

If you are the kindof person that lives in Williamsburg, I now know why I, and so many others hate it.

Your post is the most obvious broker babble I've ever heard in my life.

Your last line is laughable. Why would someone not involved with real estate, encourage people to make an offer.

Your Barney's vs Food Co-op comment is also a good one. It's somehow better to waste our money on overprices merchandise made in sweat shops than it is to eat organically with food grown close to New York?

Ah ok. I think I'll stick to what I like, but thanks for your words of wisdom.

Posted by: guest at October 23, 2007 2:32 PM

For this price I'd much rather have the HOTD in Fort Greene...

Posted by: guest at October 23, 2007 2:38 PM

those spaces need months of labour. keep 'em.
or like the broker (2:23) said, "if you like it make an offer." I'd offer $1.25M TOPS. they likely need plumbing, electrical, HVAC updates to make 'em livable.

Posted by: guest at October 23, 2007 2:39 PM

I second that 2:32...f!!! Williamsburg if 2:23 is gonna be my neighbor...that is the most pompous Brooklyn s!!! I think I've ever read.

Posted by: guest at October 23, 2007 2:40 PM

I would rather buy a similarly priced brownstone in Ft. Greene and rent out 2 units in it. At least I would have double the space, in an established community while making +3k per month.

Posted by: guest at October 23, 2007 2:48 PM

I'd rather live in a cardboard box in Park Slope than be anywhere near that Williamburg tool.

Posted by: guest at October 23, 2007 2:52 PM

2:08 - I would guess because of space. In San. Fran and LA it is expensive but you do get more space; often the space is your own (not in an apartment) and you have a stable climate. I KNOW--with the fires bad time to mention climate. I have to say, I have given up on Brooklyn (and I grew up there) now that prices have risen. The fact that it is so isolated stops me from paying these prices. I'd rather be in less prime Manhattan than high priced Brooklyn.

Posted by: guest at October 23, 2007 3:25 PM

2:08, it is insane because you are spending 2 million dollars to buy raw space in an ex-industrial neighborhood filled with toxins. Yea yea it is the center of the universe, blah blah I have heard it all before, You are still living in toxic sludge. RADIAC Hey remember them all you old time hipsters, There are still there on Kent ave. Wonder why? Glad I moved out in 94. Too bad I did not buy some of those crap houses for 150.000 back in the day. I would be retired. Oh well guess I will have to sell my brownstone for a 1.5 million profit. Yea this is the greatest city in the world. I FUCKING LOVE IT.

Posted by: guest at October 23, 2007 3:36 PM

i am pro williamsburg but the restaurants are not fantastic. i live there and often have trouble deciding where is worth going to. bars are great though (if you love beer which I do).

Posted by: guest at October 23, 2007 3:48 PM

most people i know...the young creative ones anyway are trying to get the hell out of williamsburg.

it's becoming an ugly version of park slope.

with crappier restaurants.

Posted by: guest at October 23, 2007 3:52 PM

sorry, but williamsburg is amazing. the restaurants are excellent. park slope restaurants, what?

try dressler, aurora, etc...

love it there. park slope is boring and far.

Posted by: guest at October 23, 2007 5:45 PM

whatever if YOU would like to live in a box in park slope rather than williamsburg. many people would rather live in wiliamsburg. not everyone is the same. get it?

realize that once all the waterfront property gets developed, it will be similar to what happened in Dumbo minus the giant freakin housing project. and plus a lot more to do.

many people will continue to choose new apartments in a convenient location. it's not that deep.

Posted by: guest at October 23, 2007 5:52 PM

summary of this thread:

that idiot broker who loves williamsburg just ruined the last shred of hope for the neighborhood by posting here with his barney's, food coop nonsense.

you just did your neighborhood a serious disservice with that one buddy.

Posted by: guest at October 23, 2007 7:22 PM

BBurg is a shitbox.

Don't see it on any top 10 neighborhood list anytime soon.

Posted by: guest at October 23, 2007 7:31 PM

ah, the 'burgers vs. the fries...
enough of your ketchup and relish...
stop giving opinions on others personal opinions...that broker over there who hides as a "7 figure purchaser" ...nyc is one lonely drive-thru...just you vs. the speaker box...get a grip, gents and germs, and ladies with the fingers churned...
the persecution and political prostitution of the clients are now the hypocritical giants
in your defense it doesn't make any sense
totally devoid of judgement and purpose
unravelling your false witnesses and accused streets
discredited,
then edited to somehow be experts called on by some notion of a non-paid authority

whew!!! get a grip and shut the fcuk up...speak about something real and not each other..speak of the opinion and not the mystery of the individual...doesn't any one know how to communicate, amymore?

please...i await your responses on the issue....not on me, #7:47...time-stamped like a slaughter house for infused words...

the condo bored

Posted by: guest at October 23, 2007 7:46 PM

ah, the 'burgers vs. the fries...
enough of your ketchup and relish...
stop giving opinions on others personal opinions...that broker over there who hides as a "7 figure purchaser" ...nyc is one lonely drive-thru...just you vs. the speaker box...get a grip, gents and germs, and ladies with the fingers churned...
the persecution and political prostitution of the clients are now the hypocritical giants
in your defense it doesn't make any sense
totally devoid of judgement and purpose
unravelling your false witnesses and accused streets
discredited,
then edited to somehow be experts called on by some notion of a non-paid authority

whew!!! get a grip and shut the fcuk up...speak about something real and not each other..speak of the opinion and not the mystery of the individual...doesn't any one know how to communicate, amymore?

please...i await your responses on the issue....not on me, #7:45...time-stamped like a slaughter house for infused words...

the condo bored

Posted by: guest at October 23, 2007 7:47 PM

ah, the 'burgers vs. the fries...
enough of your ketchup and relish...
stop giving opinions on others personal opinions...that broker over there who hides as a "7 figure purchaser" ...nyc is one lonely drive-thru...just you vs. the speaker box...get a grip, gents and germs, and ladies with the fingers churned...
the persecution and political prostitution of the clients are now the hypocritical giants
in your defense it doesn't make any sense
totally devoid of judgement and purpose
unravelling your false witnesses and accused streets
discredited,
then edited to somehow be experts called on by some notion of a non-paid authority

whew!!! get a grip and shut the fcuk up...speak about something real and not each other..speak of the opinion and not the mystery of the individual...doesn't any one know how to communicate, amymore?

please...i await your responses on the issue....not on me, #7:45...time-stamped like a slaughter house for infused words...

the condo bored

Posted by: guest at October 23, 2007 7:48 PM

Imagine. You take a chance and you try to make a few bucks. And all you get is a bunch of snarky remarks from posers who all know better.

Posted by: guest at October 23, 2007 8:04 PM

"Raw" as in deal. "Flip" as in bird.

Posted by: guest at October 23, 2007 10:18 PM

i SERIOUSLY think that seven figure condo barney coop person is make believe. It reeks of satire. Don't take it seriously.

Posted by: guest at October 24, 2007 10:31 AM