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March 3, 2008
Six Condo Sales Records at One Brooklyn Bridge Park

An article in the Post this morning recycles the way old news that Elizabeth Stribling, the founder of Stribling & Associates, is moving from the Upper East Side to One Brooklyn Bridge Park, but it also drops some tantalizing info about other sales at the massive conversion. Turns out that six sales in the building are record breakers for a Brooklyn condo, all going for more than $3.8 million, the previous condo sales record in Kings (that would be at Williamsburg's Aurora). Stribling's 3,442-square-foot pad cost $6.6 million. The development (which is currently being advertised on Brownstoner) is also setting records for the priciest parking spaces at a Brooklyn condo: Each is going for between $128,590 and $281,050. More than one-third of the 1BPP's 449 units are now sold (that's a jump over November, when 100 were in contract and sales were pending on another 25) and move-ins will begin next month. The building's developer, Robert Levine, is happy with the pace of sales at the luxury building: "Considering the state of the economic environment, we're doing very well."
B'Klyn Beckons [NY Post]
Stribling Sells Herself Two Penthouses at 1BBP [Brownstoner]
Update on One Brooklyn Bridge Park [Brownstoner]
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Comments
Geez, The What is going to be silent today. Thanks God.
Posted by: guest at March 3, 2008 9:12 AM
Oh I'm sure he'll come up with something.
But seriously, this building is so ugly and right on the highway. Other than views, what's it got? Are views that important?
Or does it have other worthy qualities?
Posted by: guest at March 3, 2008 9:16 AM
#2 you're partly correct - not all the apartments are on the BQE side of the building, and to have views of the sky and harbor is pretty impressive IMO (manhattan's ok, too). the building itself isn't so handsome - i personally don't mind warehouses but the bizzaro paint job on this place leaves a lot to be desired. i'm not sure what the interior finishes or layouts are like, and i do wonder about the commute from the waterfront, it's a tricky location. i guess that explains the prices of the parking spaces...
Posted by: guest at March 3, 2008 9:23 AM
I really like it but unfortunately it's out of my price range :(
Posted by: guest at March 3, 2008 9:32 AM
it looks like a prison, but the views on the harbor side have to be spectacular.
Posted by: guest at March 3, 2008 9:33 AM
Seems like a market for high end in Brooklyn exists after all...anyone know how well the Richard Meier project is selling?
Posted by: guest at March 3, 2008 9:33 AM
It's true that the commute is a pain in the ass if you need to hike up to the borough hall subway stop every morning, but in truth plenty of people who live on York Ave on the upper east side have a longer walk to their closest subway stop. If you drive to work, you actually have pretty easy access to the BQE.
In terms of what it has going for it - the views are pretty amazing - I was in the building last week. The layouts are good and the finishes are pretty standard for a high end condo nowadays. Also ceiling heights are pretty impressive - looked to be at least 13' to me. And finally, you will (oneday, hopefully soon) be right at the edge of Brooklyn's second largest park. That's got to be worth something....
Posted by: guest at March 3, 2008 9:37 AM
So, they've only sold 25 since November, and it's now March. If they have 300 more to sell, and it's at a pace of 25 every three months, then it will be three more years before they sell it out. Expect price drops.
Posted by: guest at March 3, 2008 9:52 AM
9:52 - I totally agree. Moreover, what do you want to bet that the ones that have sold are all high floor, facing away from the BQE? The apartments on the BQE side are going to need a huge price cut to move.
Posted by: guest at March 3, 2008 10:02 AM
I am willing to buy a unit on the east side of the building...but not five-and-a-quarter for a studio. Hopefully 9:52 and 10:02 are right.
Posted by: guest at March 3, 2008 10:07 AM
I really liked this building and love the amenities and common spaces (big individual storage closets on your floor is an idea more places should implement). And the brooklyn (BQE) views are nice too, if you're high enough.
BUT it's too rich for my blood and, at 5'4" the windows were oddly high for me.
Meanwhile, went to other Brooklyn Heights co-op open houses this and last weekend and they were packed. As in: people had to wait outside while the 20 people inside look and leave. What is going on? Where is this crash The What? I need a place to live!
Posted by: guest at March 3, 2008 10:16 AM
Really 10:16? I went to a few and they were very quiet. Guess we went to different ones.
Posted by: guest at March 3, 2008 10:34 AM
Really. I am looking in the sub-1mm market tho. Are you looking at more expensive places?
Posted by: guest at March 3, 2008 10:40 AM
I went to two open houses in Park Slope yesterday and they were packed also. Had to wait outside for one of them while the others looked around.
Posted by: guest at March 3, 2008 11:06 AM
Market seemed very quiet to me. Sub 1MM, but not by that much.
Posted by: guest at March 3, 2008 11:09 AM
I've NEVER seen an open house where people had to wait outside.
Even BEFORE the bubble burst.
Sounds like the siren song of the sockpuppets to me.
Posted by: guest at March 3, 2008 11:27 AM
you haven't looked at real estate much if you've never had to wait outside. OR you're looking at much bigger places than the avg 2 bedroom floor thru, etc.
I sold my last place when the market was at a fever-pitch (Fall 2006) and we had 250 sign-ins (so possibly 2x that many people) in two hours. Even if you had 10 people in every room all the time, there wasn't room. People had to wait outside.
Posted by: guest at March 3, 2008 11:39 AM
i had an fsbo on my studio and also had people waiting outside.
not that uncommon in small nyc apartments.
apparently 11:27 is a renter.
or not been to too many open houses.
Posted by: guest at March 3, 2008 11:42 AM
Actually I am a renter who has been to MANY open houses in Park Slope. And no, I have not seen any such lines. At least not in the last 18 months.
Posted by: guest at March 3, 2008 11:46 AM
when i sold my 2 bedrm in PS in 2006, there was also a line. They had almost 90 people within 30 minutes. I believe that there are lines...
Posted by: guest at March 3, 2008 11:55 AM
11:46 - Hellen Keller
Posted by: guest at March 3, 2008 11:57 AM
I went to two open houses over the weekend and they were moribund. I was the only visitor at one of them. The broker said that the "market had slowed". I wanted to get to 1 BBP, but couldn't. The place looks awesome from the outside.
Posted by: guest at March 3, 2008 12:16 PM
Just walked down 7th Avenue and the warm spring day seems to have the masses in Park Slope hungry for real estate. I could barely find a place to squeeze in and look at the window of Brown Harris Stevens and Heights Berkeley Real Estate.
Will be interesting to see what spring brings.
Posted by: guest at March 3, 2008 12:32 PM
Love the bullshit all over this thread. Hilarious.
Posted by: guest at March 3, 2008 1:26 PM
"The place looks awesome from the outside."
what?? it looks like a house of detention!
Posted by: guest at March 3, 2008 1:30 PM
There is so much lying on this site. I have not seen any lines and have done a lot of looking.
As for One Brooklyn Bridge, you can bet there will be a Water Taxi stop there some day soon.
Posted by: guest at March 3, 2008 2:24 PM
This is not the most flattering photograph, but it is actually quite an attractive looking industrial building.
Posted by: guest at March 3, 2008 2:26 PM
I went to a place on Columbia Place (willowtown, brooklyn heights) 2 weekends ago and there wasnt a line, but there were 50 people crammed in a tiny place. But at 625 (650?) it was a bargain.
Posted by: guest at March 3, 2008 2:33 PM
i'd like to know what the price range is for those standing in line. either they are priced very low and offering three bedrooms OR they are for first time buyers who want studios or small 1 bdrms. I haven't seen a packed open house since MAYBE early 2006.
Posted by: guest at March 3, 2008 2:34 PM
granted you haven't been to an open house since early 2006, but who's checking, right 2:34?
love all the lies.
Posted by: guest at March 3, 2008 2:49 PM
The One BBP building is a great looking building, It has pre-deco styling and a pleasing symmetrical massing. I have always admired it.
The upper floors have not yet been painted I don't think it is the intention that the building be two-toned. Architecturally the place is great and of course the situation is unbeatable right on the water and a short ride from the bridge or the tunnel. I would buy there in a heartbeat. DUMBO in Brooklyn Heights with protected views in all directions. Elizabeth Stribling is no dummy.
Posted by: guest at March 3, 2008 3:01 PM
I think this is to Brooklyn what 15 Central Park West is to Manhattan.
An excellent development in a superb location, attracts celebs, record prices and jealousy.
We've seen all of that from this thread alone.
Posted by: guest at March 3, 2008 3:36 PM
I am looking for 2 bedrooms for under 1mm. Went to open houses last two weekend in BH and there was a line at one last weekend and one weekend before.
Don't ask me about Park Slope or every other open house out there. Just reporting that there was a lot of traffic out -- and I haven't seen that since I've been looking this go-round (last 3-4 months)
Posted by: guest at March 3, 2008 3:40 PM
Went to a couple of open houses recently - no lines - but quite busy - that being said - looking and buying are too entirely different things
Posted by: guest at March 3, 2008 5:15 PM
This photo is really misleading. the building in the foreground is some POS by the docks. It is not part of 1 BBP which you can sort of see in the background behind two poles. What gives with this photo?
Posted by: guest at March 3, 2008 6:11 PM
ugly building in a shitty location. Enjoy sleeping next to the highway every night.
Posted by: guest at March 3, 2008 6:44 PM
Why is the highway an issue here but not in DUMBO or for that matter in Manhattan where the fanciest new buildings are next to the west side drive aka west street?
Posted by: guest at March 3, 2008 7:17 PM
6:44 shitty location?
I swear some of the comments here are truly demented. Define shitty?
Not in an ex-ghetto?
Not in some breeders cup block in Park slope?
Give it a rest.
Posted by: guest at March 3, 2008 7:40 PM
Not near any train
Posted by: guest at March 3, 2008 8:36 PM
Not near any train
That's true, you have to walk four whole residential blocks to catch the 4,5,2,3 and three and a half blocks for the R and M. The building is in Brooklyn Heights, which as everyone knows is out of the way and inconvenient.
The building will probably have direct ferry service to Manhattan as well but will still be very inconvenient to Coney Island.
Posted by: guest at March 3, 2008 9:27 PM
This building was painted the wrong color. It does look like some awful institution for punishing people. The brooklyn-warehouse cream color it was originally would have been a far better choice.
Posted by: guest at March 4, 2008 8:33 AM

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