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October 22, 2008

Condo of the Day: 30 Main Street Loft

We'll be interested to see how the prices in Dumbo, the highest in the borough, hold up in the coming months. Someone else who will be interested is the owner of this two-bedroom loft in the Sweeney Building at 30 Main Street who's set up his own FSBO site to take his message straight to the people. From the numerous photos, it's pretty clear this is a drool-worthy pad. In addition to the predictably high ceilings and abundance of light, the corner loft has a swanky kitchen and high-end bathrooms. The monthly charges come to $972. Price tag? $1,585,000.
Sweeney Building Loft [FSBO] GMAP P*Shark
FSBO: 30 Main Street, C Unit [DumboNYC]




Posted by Brownstoner at 12:38 PM | Comments (40)
Categories: Condos, Dumbo

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Comments

gorg. bonus: won't lose views as result of dock st.

Posted by: bklynite at October 22, 2008 12:46 PM

Wow. I want to hire the seller to stage & photograph my house when I sell it -- very impressive presentation.

Posted by: rachel at October 22, 2008 12:49 PM

This is a great space. Two bedrooms, two-and-a-half baths, That's nice. It will be interesting to see if they get their asking price. It isn't priced cheap.

Posted by: sam at October 22, 2008 12:54 PM

That's my bathroom!!! Well, mine is slighly smaller but the same carrera marble and vanity stand. Very classy. Restoration Hardware fixtures I assume also.

Posted by: Adam Dahill at October 22, 2008 12:56 PM

What is it with these 3 baths in a 2 bed place, a stupid waste of space? And the additional effort of having to clean them. Besides, that1/2 bath directly off the living space is gross.

Posted by: cmu at October 22, 2008 12:57 PM

I hate you Adam Dahill - I want that bathroom! ; )

Posted by: cobblehiller at October 22, 2008 12:58 PM

what am i missing here? place is boxed in by other buildings and 1 of the bedrooms is cramped. the price makes no sense.

Posted by: BrooklynLove at October 22, 2008 1:00 PM

He deserves his 6% on the basis of his photos. Brokers should see that site and be ashamed of themselves.

But doesn't it seem the building is surrounded? No views?

Posted by: denton at October 22, 2008 1:01 PM

very impressive website. I love their study built-ins.

Posted by: gkw at October 22, 2008 1:12 PM

I totally agree with denton--the site is so much better than than what brokers provide! This is what a listing should look like.

I also agree with booklynlove that this place isn't that hot at all--with the exception of the maste bath, which is pretty darn nice (all the suburban comforts, with an urban aesthetic). But other than that, the rooms aren't very big, most of the windows look at a building, and the floorplan is too boxy and boring.

Posted by: shillstoner at October 22, 2008 1:20 PM

saw this on AT. love it.

it has buildings around it -- what is the problem with that? does it say somewhere that it has views? it's just a block up from the water.

wonder which bedroom you think is cramped brooklynlove?

love the bathrooms, but pretty sure they were standard issue TwoTrees circa 2001-2005. that's why they're successful!

Posted by: Ringo at October 22, 2008 1:25 PM

a place almost 1700 sq' absolutely calls for 2 1/2 baths.
bath for each bedroom and a 1/2 for living/guests. makes complete sense.

this place is sweet. wish i had money.

Posted by: RobertMosesJr at October 22, 2008 1:28 PM

You can do the bathroom with Pottery barn to save some money instead of going restoration hardware. I had spent some time just researching the pieces I wanted and surfed the internet looking for wholesalers looking to unload stock. I think I did it for maybe a quarter of the price that I would have spent just buying retail. I will mention that I do not have the separate shower though. Not enough room for that but I did manage to squeeze a washer/dryer combo unit in the bathroom. I'm still in the process of putting built in shelves and more tile but I'll post the pics when I'm done. Sorry for hijacking the thread.

Posted by: Adam Dahill at October 22, 2008 1:32 PM

Yup, a mil and a half. That's what I guessed. There's something about Dumbo and that's a fly ass crib. But FSBO reeks of desperation. A bid of 1M might stick (Ssshhhh! I think I hear the owner lurking in this thread).

Posted by: DOW8000SP800 at October 22, 2008 1:56 PM

"gorg. bonus: won't lose views as result of dock st."

it appears this unit does not face the bridge view (nor dock street). it appears to face onto main street (and howard alley on the short side), best i can determine. if that is the case, that puts this apartment on the corner of the building nearest the loading docks for the building across the street, and adjacent the loading dock for the building next door.

Posted by: janelle at October 22, 2008 1:58 PM

What's wrong with boxy? You prefer the caboose layout that brownstones offer (the biggest drawback IMHO).

Posted by: DOW8000SP800 at October 22, 2008 2:04 PM

I love this place. Completely. Too bad I don't have 1.5 ,or 1 or, heck, .5 floating around.

Posted by: BrooklynButler at October 22, 2008 2:07 PM

There is a suspicious lack of pix showing the views, but this building is awesome and there is very little inventory for something like this. I would be a little surprised if they take more than a 5% haircut on the ask.

Dow, since when does FSBO reek of desperation? If you had the time to put together a site like that, you'd be out of your f*cking mind to pay Corcoran 6% on $1.5M.

Posted by: FatLenny at October 22, 2008 2:13 PM

yeah, I don't see how FSBO reeks of desperation.

btw, I haven't looked but since so many of the clocktower and sweeney units are the same, the comps would be very telling

Posted by: Ringo at October 22, 2008 2:24 PM

When an owner has that much time on their hands, FatLenny. Lehman or equivalent. I smell blood. Bid a mil. (Ssshhh! I told you to keep it down!)

Posted by: DOW8000SP800 at October 22, 2008 2:39 PM

This apartment looks amazing -- and at less than $940 per square foot it seems priced rather aggressively to sell (compared to other units that have sold in the neighborhood). I'll bet the owner gets asking if not more.

Posted by: QB Steve at October 22, 2008 2:42 PM

When it's on craigslist, that reeks of desperation. When it's a good site with professional images, that reeks of someone unwilling to pay a broker $90K to sell a highly desirable apartment.

A friend of mine paid $960/SF for a similar unit back in April, with seemingly much better views than this unit.

Posted by: FatLenny at October 22, 2008 2:46 PM

Or a stay at home spouse with a web design background -- I know several of these in Dumbo -- or a kid sister/brother who can do this kind of thing. It's just not that hard to do a cool website especially if you have some sense of design. That's why it's beyond the limits of reason that realtors still suck at it.

In this market, I think a FSBO tactic with a low price makes sense. Not sure this IS a low price, but you get my meaning.

Posted by: Ringo at October 22, 2008 2:48 PM

I'm familiar with the building (been looking at it for awhile). The unit sold in April for $960/SF did have a slight view of the Manhattan Bridge, but it was also only a one Bedroom/home office. That is to say that the second room had no windows. True 2brs are rare in Walentas buildings which makes me think that this thing sells.

BTW, not sure where people are getting the desperation. I think this owner is pretty damn smart for trying to save 6% of 1.5M. He or she can always go with a broker later.

Posted by: donniedarko at October 22, 2008 3:14 PM

Very impressive presentation! Puts even the best brokers to shame. And I love these people's sense of design. I want to buy it, furniture and art and all!

Posted by: Park Sloper at October 22, 2008 3:23 PM

Adam...you and I have good taste. My bathroom is very similar and very Restoration Hardware. My second bath is all pottery Barn Fixtures. You're correct. They are pretty high quality for a fraction of the price.

Posted by: daveinbedstuy at October 22, 2008 3:25 PM

If they have the time and energy to show and market the unit, good for them. Given their sense of style and design, I can see why'd they'd want to be in charge of the presentation.

Posted by: LilBitOfLuck at October 22, 2008 3:27 PM

this building is in the quieter part of dumbo at least. waterfront property justifies the price i suppose. I looked at a similar apt on a lower floor about 2 1/2 years ago for just under a million (i'm thinking it must have been smaller tho), and i do believe that they overestimate the sq footage a lot in that building. if you are interested in buying there, definitely bring your tape measure and make sure that you will have enough room.

btw-i agree with the above poster who saves 2 1/2 baths are too much. they are for a 2 bed rm. eliminate the 1/2 bath and turn it into a storage closet i say.

Posted by: wine lover at October 22, 2008 3:38 PM

I think this place is great and well-priced. I think characterizing a FSBO as desperation is way off the mark - if they were desperate to unload they would have listed it with a broker like corcoran that likely has a much larger marketing budget and site traffic than the owner does and who could therefore sell it quickly. Probably just has a great web design background and wants to give FSBO a shot before forking over 6% to the man.

Posted by: bklyndoug at October 22, 2008 3:51 PM

You guys guessing on the price should look at comparable sales in the hood. Nothing there sells for under $1000 a s.f. Even older units on low floors. If it has a good view it can go for 1600 a s.f. This place is cheap.

Posted by: lmfao at October 22, 2008 4:09 PM

I love the 2 1/2 baths. That is one of the things that makes this special. I think it is a great unit. I would move in there in a second. The market is soft tho, if they want to sell, they will need to make a deal. I notice the maintenance is pretty high for DUMBO, although I suppose that is minor. Great unit, the detractors must have their own motives.
We already know from past postings that cmu does not believe in multiple bathrooms. He must be trying to unload a one-bath, three-bedroom apartment somewhere.


Posted by: sam at October 22, 2008 4:28 PM

Put me in the camp that thinks this apartment is smaller than 1,600 SF.

Posted by: Boerum Hill at October 22, 2008 4:55 PM

seriously deluded people on this blog. this place has the absolute antithesis of views. it hardly even has any clear space. the second bedroom is tight. so we have a 2 bedroom with one small bedroom, 2.5 baths, and virtually no open exposures. upside is a virtual guarantee that every resident gets his/her own crapper i guess. 7 figs alone is pushing the envelope in my opinion but i won't be surprised if some sheep pays that.

Posted by: BrooklynLove at October 22, 2008 7:03 PM

by the way, any seller who is paying a broker anything close to 6% in this market is about as much of a shmo as someone who pays anywhere close to ask on this place.

Posted by: BrooklynLove at October 22, 2008 7:08 PM

1689 Sq.Ft.???

The entire floorplan fits in a 26x36' rectangle which comes out to 936 Sq. Ft.

Posted by: WeaselMaster at October 22, 2008 9:56 PM

Yeah, it is obviously much smaller than advertised. Wonder why they would do that if it is so easy to confirm otherwise.

Posted by: wasder at October 23, 2008 1:41 AM

I've been in this unit (well, not this exact one) and it may not be 1689 as advertised, but not by much. some might be confused by the "21 x 15" on the floor plan -- that's just the living area and doesn't include the kitchen and dining area (which is clear to see from the pics). I think the rough area is more like 32 x 50.

Posted by: QB Steve at October 23, 2008 7:40 AM

QB Steve--I see what you are saying. The floorplan is a little confusing.

Posted by: wasder at October 23, 2008 9:16 AM

BKLove, i don't know about the particular views in this unit but this building is beautiful inside and out. It is precisely these kinds of units that will fare the best with the market turmoil. I ain't saying they won't go down, just less so than other condos.

Posted by: FatLenny at October 23, 2008 10:05 AM

didn't mean to imply the unit had views. I was pointing out it really has no views to lose as a result of dock st.

Posted by: bklynite at October 23, 2008 10:50 AM

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