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February 25, 2008
Steelwork Lofts Coming Down the Pipe
While a glance at the exterior of 76 North 4th Street in Williamsburg suggests the 88,000-square-foot building is a long way from being ready for prime time, two banners proclaiming the inevitable condo conversion appeared along Wythe Avenue towards the end of last week. Halstead's got the listing for what will be known as the Steelworks Lofts. According to DOB filings, the building, which sold for $26,500,000 last June, will have a total of 96 units. The bare-bones web site for the development suggest a full range of unit types, from studios starting at $560,000 to well over $1 million for larger apartments. There's no way to know what the finishes will be like but the raw space and size of the windows are good starting points.
The Steelworks Lofts [Homepage] GMAP P*Shark DOB
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Comments
560k for a studio? Since it's the lowest priced unit, it must be on the ground floor as well. Who is that stupid?
Posted by: guest at February 25, 2008 11:48 AM
560K is a good deal in this market. First rung on the real estate wealth ladder.
Posted by: guest at February 25, 2008 11:54 AM
commenting on price with zero specs is stupid. it could be a decent amount of space for instance. all comes down to psf price + amenities/finishes....
renting in the neighborhood for sure would cost more.
Posted by: guest at February 25, 2008 12:26 PM
Thank you broker #2 and #3.
Posted by: guest at February 25, 2008 12:45 PM
#3 here - not a broker, but thank you #4 - you seem very knowledgeable.
i am an owner and investor in brooklyn. also own my own biz in manhattan completely unrelated to the real estate industry.
what do you do?
can you add anything to this thread? do you know anything specifically about williamsburg real estate? doubt it.
Posted by: guest at February 25, 2008 2:17 PM
2:17, you just discredited yourself by admitting that you were here to prop up your properties. Can you add anything to this thread without shilling?
Posted by: guest at February 25, 2008 2:48 PM
2:48 whatever. wait to see the damn sq. footage. really, go check the rental market around there and do the math.
i am writing because I am informed about this neighborhood.
so many brownstoner posters applaud pos walk up falling apart pre war apartments especially if in PS ....
also,brownstoner posters constantly go after properties outside their own hoods - talk about propping up home values and discrediting yourself!
i am just calling bullshit on this because it is always happening.
Posted by: guest at February 25, 2008 3:29 PM
got desperation?
Posted by: kuroko at February 25, 2008 3:58 PM
who the fuck would pay 560k for a studio in this market? oh yea, idiots will!
Posted by: guest at February 25, 2008 7:21 PM
This is going to be an amazing loft conversion and located in prime Williamsburg. In 3 years from now, everything on the Northside is going to be $1,000 p/sqf.
Posted by: guest at February 25, 2008 8:21 PM
williamsburg is overrun with idiots both those who would buy this stuff and those who consider every nasty new building "amazing"
Posted by: guest at February 25, 2008 9:18 PM
The Steelworks Lofts AKA "I got to the party after last call"
Posted by: guest at February 25, 2008 9:24 PM
Wow! Obviously you have no money in the bank. Sorry for my input.
Posted by: guest at February 25, 2008 9:38 PM
Wow. Studios for $560K. This is New York. These units will sell. Properties in Williamsburg will only get more expensive as developments continue to pop up. I just bought a unit at 80 Metropolitan. This is a good sign. And yes, I want my property to increase in value.
Posted by: guest at February 25, 2008 10:09 PM
looks like a nice one. the mill building only nice one in williamsburg - ad the only one that sold!
Posted by: guest at February 26, 2008 10:49 AM
huh??!? mill building?!?!? the only one that sold?!?!?
williamsburg is overrun with idiots?!?!?!?
who are the masterminds making these comments?
i would love to meet them. i'd love to see their apartments. or homes. or halfway houses. i'd like to get a hold of their personal and professional histories. to meet their friends and get acquainted with their families.
it would REALLY be an extra special treat to know these real estate specialists and sensitive sociologists. hopefully...someday. if i'm lucky.
Posted by: guest at February 27, 2008 7:21 PM
huh??!? mill building?!?!? the only one that sold?!?!?
williamsburg is overrun with idiots?!?!?!?
who are the masterminds making these comments?
i would love to meet them. i'd love to see their apartments. or homes. or halfway houses. i'd like to get a hold of their personal and professional histories. to meet their friends and get acquainted with their families.
it would REALLY be an extra special treat to know these real estate specialists and sensitive sociologists. hopefully...someday. if i'm lucky.
Posted by: guest at February 27, 2008 7:21 PM
huh??!? mill building?!?!? the only one that sold?!?!?
williamsburg is overrun with idiots?!?!?!?
who are the masterminds making these comments?
i would love to meet them. i'd love to see their apartments. or homes. or halfway houses. i'd like to get a hold of their personal and professional histories. to meet their friends and get acquainted with their families.
it would REALLY be an extra special treat to know these real estate specialists and sensitive sociologists. hopefully...someday. if i'm lucky.
Posted by: guest at February 27, 2008 7:22 PM
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