« AY Arguments Heard at Appellate Court Zoinks! The Clermont Going Rental »

September 18, 2008

Inside Be@Schermerhorn

Although the new development technically hit the market a couple of weeks ago, Be@Schermerhorn really opened for business with last night's preview party. Making our way past the disco ball and crudités, we were able to snap these shots of the model apartments and, even more fun, take a trip up to the under-construction roof garden. Gotta love those views.
Be@Schermerhorn Hits the Market [Brownstoner]
Be@Schermerhorn Website Fleshed Out, Still No Pricing [Brownstoner]




Posted by Brownstoner at 10:00 AM | Comments (34)
Categories: Condos, Development, Downtown Brooklyn

Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/6297

Comments

what tiny, ugly little rooms...with wall street falling, how soon before these things become section 8 housing

Posted by: eman at September 18, 2008 10:05 AM

The closet and bathroom finishes are awful, the rooms seem very small, the rooftop views are spectacular and the preview party turnout appears to be depressingly low.

Posted by: Biff Champion at September 18, 2008 10:12 AM

Hideous. This is a loser. Talk about putting lipstick on a pig.

Posted by: HellsBelles at September 18, 2008 10:23 AM

the bathrooms and kitchens are so BLAAAH! Tell me they were better in person.

Posted by: bayridgegirl at September 18, 2008 10:25 AM

Yeah, what Biff said!

I also need to add that I despise those tiny little sinks that they are putting in kitchens these days. We have one in the house we just bought. Just TRY washing a large roasting pan or stock pot without a flood. We had a big dinner party and I brought all of the giantess pans (you know the ones that you just can't put in a dishwasher) down to the old stone slop sink in the basement to wash.

Such an ill-conceived concept. Clearly these designers eat a lot of take-out since they don't understand the real needs of a kitchen.

Posted by: TownhouseLady at September 18, 2008 10:29 AM

HellsBelles, by lipstick, I'm assuming you're referring to the bright red walls! Otherwise, I don't see much of an attempt at making these units attractive.

Posted by: Biff Champion at September 18, 2008 10:30 AM

Anyone remember the nightclub Red Zone? Those red fabric curtains brought me straight back to my clubbing days in the early 90's.

Posted by: TownhouseLady at September 18, 2008 10:32 AM

Gulp. I like it. Too expensive, but it looks like a nice place to live.

Posted by: Fast Freddy at September 18, 2008 10:33 AM

Mr. B, can you at least rotate the pictures again? I would rather look at that cockroach from yesterday than this bathroom.

TownhouseLady, that's odd. I don't recall being invited to any big dinner party at your place. You must have my old address!

Posted by: Biff Champion at September 18, 2008 10:35 AM

And no salamander either THL.

Posted by: daveinbedstuy at September 18, 2008 10:44 AM

almost $1,000/sf to live in tiny rooms on a crappy block? um, no thanks.

Posted by: z at September 18, 2008 10:48 AM

Are the red walls and disco balls permenant? Or where they just for the opening. And is that the lobby?

The prices range from $750 sq. ft. to $1100sq. ft....Yikes.

Posted by: bayridgegirl at September 18, 2008 10:49 AM

We'll see it up here again as "doing rental" in about 4 weeks!!! Ridiculous prices for such crap

Posted by: daveinbedstuy at September 18, 2008 10:51 AM

"going rental"

Sorry, we're excited about the stock market today and starting to buy. Where's the What to call me an Asshat????

Posted by: daveinbedstuy at September 18, 2008 10:52 AM

Soon to be rebranded as Rent@Schermerhorn.

Posted by: SnarkSlope at September 18, 2008 10:53 AM

no-fee rental apartments! first 2 months rent free! 6 months free cable! plus a coupon book from local businesses! inquire within! PLEASE!

Posted by: z at September 18, 2008 11:01 AM

by nice views i assume bstone meant the roof deck, versus that 2nd picture that seems to look out onto a parking lot. too bad you cant live on a roofdeck. ick.

Posted by: goldie at September 18, 2008 11:01 AM

the red walls were only for the party and the crowd was actually a lot bigger when i was there. the apartments definitely look better (and brighter) in person.

Posted by: brooklynjay at September 18, 2008 11:11 AM

Dave since the what is not here. I won't call you an asshat but will tell you it is not the time to buy! If you have any commodity funds hold on to those- I got nervous last week and sold, dumb mistake. Even money markets are not safe. We are still not out of this mess.

Posted by: 7andfive at September 18, 2008 11:19 AM

not trying to call a bottom just putting toes back in. Clients don't pay you for holding cash!!!

Posted by: daveinbedstuy at September 18, 2008 11:23 AM

I'd be happy to help out and call you an asshat DIBS! [raised eyebrow and smirk]


Posted by: cobblehiller at September 18, 2008 11:25 AM

holding cash is not bad. You can still find savings account rates at about 4% interest. Better than what the market is doing right now.

Posted by: 7andfive at September 18, 2008 11:33 AM

The red room brings back memories of my time spent @ Kookie's during the 90's in the Burg. Those were the days. Nothing like a late night party Kookie's . . .

Posted by: PropJoe at September 18, 2008 11:35 AM

Meant to spell "Kokie's"

Posted by: PropJoe at September 18, 2008 11:36 AM

Clients make decisions as to what they want their overall investment portfolio to look at. They hold cash and they have managers invest the rest. On an individual basis, you move money out of stock and mutual funds 7andfive. The money that you leave in mutual funds you expect to be invested according to that fund's strategy. You don't expect that fund to hold a lot of cash. You expect him to do what the fund says it is going to do.

Posted by: daveinbedstuy at September 18, 2008 11:39 AM

Holding your money under a mattress is sounding good. 3-month treasuries are yielding an 4 basis points and I believe that's still falling. At 4 basis points, investing $100,000 today will earn you $40 per year. And where's DOW? Analyst predictions on CNBC today are indeed predicting the Dow will go down to 8,000.

Posted by: Biff Champion at September 18, 2008 11:40 AM

You can also invest short-term and give the government your money today and get it back virtually with no interest in a few weeks. I think the short-term rate offered right now is 2 basis points. Isn't that what they get in Japan?

Posted by: Biff Champion at September 18, 2008 11:44 AM

The treasury yield curve looks like this right now:

1 Yr 1.4%
2 Yr 1.6%
5 yr 2.5%
10 Yr 3.4%
30 Yr 4.0%

you can get higher yields but you take more risk. The definition of the risk free rate is Treasuries. That said, if rates rise, you lose part of your principal in the Treasuries. If you are 60 and ready to retire your investments sure as hell better look different than if you're 30!!

Posted by: daveinbedstuy at September 18, 2008 11:49 AM

The 1991-92 debt crisis was conventional. What we are facing here with the extent of derivatives and leverage is unprecedented and that's why Paulson & Bernanke have to make the decisions to do what they are doing.

Just look up "credit default swap" in wikepedia and it begins to show you the complications. yesterday, deutsche bank said it was too risky to allow clients to trade these. So if a global bank can't understand and quantify the risk then who can??

Posted by: daveinbedstuy at September 18, 2008 11:56 AM

"So if a global bank can't understand and quantify the risk then who can??"

The What?

Posted by: SnarkSlope at September 18, 2008 12:26 PM

Back to the topic: the apartments are astonishingly boring. The teeny kitchen sink struck me, too. It's looks like a bar sink! To the developers: good luck with that.

Posted by: Brooklyn Chicken at September 18, 2008 3:49 PM

Yeah, I agree. The overall feel is sorta blah. I think some of the finishes are okay. The rooms are small but if they lower the prices then they may not have to go rental. I see it as good investment though. Buy one and rent it out until the market picks up again in another five or seven years. It's worth the risk.

Posted by: sistareeve at September 19, 2008 2:33 PM

i tell you..any day now they will be housing mental paients..same as 1987...they have to pay off their loans, or worse abandom the building entirely..

Posted by: eman at September 20, 2008 7:19 PM

i tell you..any day now they will be housing mental patients..same as 1987...they have to pay off their loans, or worse abandom the building entirely..

Posted by: eman at September 20, 2008 7:21 PM

Post a comment

Please be patient while your comment is published. It may take a moment.

Latest Restaurant Additions