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February 19, 2008
80 Met Townhouses Hit the Market
Up to now, 80 Met has been largely known for the destruction of the Old Dutch Mustard building and the creatively vandalized banner ads that have adorned its construction fence. Last week, however, the world was given a glimpse at one of the new townhouses that developer Steiner Equities is including in the square-block project. Since it’s part of the larger 80 Met complex, the three-bedroom, 2,100-square-foot pad will come with “condo services” that include use of 80 Met’s pool, fitness center, parking, etc. Sounds cushy, but at the listing price of $1,635,000 it also comes to about $800 a foot, definitely pricey as far as houses go. Think this should be valued as a condo or a house?
65 North 1st Street [Halstead] GMAP
Development Watch: 80 Met [Brownstoner]
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Comments
DEF should be priced as a condo! Maybe a little discount to traditional condo, but a condo nonetheless.
Posted by: guest at February 19, 2008 11:08 AM
that is UGLY!!!
Posted by: guest at February 19, 2008 11:12 AM
that's pricey, indeed. and does look totally homogenized...however,do like the outdoor space.
Posted by: Fjorder at February 19, 2008 11:19 AM
and $1,886/mo. common charge!
Posted by: Fjorder at February 19, 2008 11:20 AM
The common charge is WAY more ridiculous than the (too high) asking price.
Retarded in this market.
Posted by: guest at February 19, 2008 11:25 AM
i like the idea, but it's priced too high.
i predict a correction!
Posted by: guest at February 19, 2008 12:11 PM
Very 1980's or 70's looking exterior, isn't it? Why are these developments so ugly when are surrounded by beautiful buildings from the late 19'th and early 20'th century? Doesn't any of it rub off? Don't they have any taste?
Posted by: guest at February 19, 2008 1:06 PM
80 Metropolitan is surrounded by beautiful buildings? More like soon-to-explode illegal basement matzoh factories.
Posted by: guest at February 19, 2008 1:13 PM
80 Metropolitan WAS a nice building, but they tore that down.
Seriously, though - across the street from these townhouses will be... more luxury condos. At least 5 stories, probably 6. Demo has already been done. Oh, and one rather nice 19th century building with a big Scarano addition on top. Around the corner on Kent are some very old buildings, though you have to look pretty hard to tell that.
I don't see plans on line - wonder how many actual square feet there are in the townhouses. The rendering makes these look pretty shallow (and I bet they are). The rendering of the front makes these looks pretty banal (and I bet they are).
I think you have to look at these as condos, since so much of what you are buying is common fixtures - pool, parking, etc. As noted, the common charges are pretty insane, and that's WITH a 25-year tax abatement.
Posted by: WBer at February 19, 2008 1:41 PM
future rental, no doubt about it
Posted by: guest at February 19, 2008 1:57 PM
they'll sell or won't sell, but there is a market for larger beautiful modern spaces like this.
i moved from a house to a duplex condo of this size because my condo offered a superior layout to a typical brownstone/pre-war building.
these do look gorgeous and it's a really really good location.
i have friends looking in williamsburg and this pretty much sums up what they want.
Posted by: guest at February 19, 2008 2:32 PM
"future rental, no doubt about it"
Agreed
Posted by: guest at February 19, 2008 2:47 PM
$800/sf + $1,886 cc = joke.
Posted by: guest at February 19, 2008 2:59 PM
Gorgeous? really.
If I showed you this pic and told you they were in Vilnus or Riga you'd rightly say they're cr&p
Posted by: guest at February 19, 2008 3:51 PM
These look like low-income housing we have in South London.
Posted by: guest at February 19, 2008 3:52 PM
English dude, at $1.65 million, this is low income housing in NYC. Go back to South London you limey.
Posted by: guest at February 19, 2008 4:17 PM
They actually look a lot like the red brick townhouses between Bedford and Berry that WERE built to be low-income housing in the early 90's. Those are also cheaper to buy.
Posted by: guest at February 20, 2008 4:22 AM
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