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November 24, 2008

44 Berry Street Website Launches

44-Berry-Street-1108.jpg
44-berry-interior-1108.jpgThe new rental development at 44 Berry Street (and North 11th Street), which Curbed first profiled back in April, is about ready for prime time. A tipster just alerted us to the fact that the website for the 42-unit rental project has launched. (The developers paid $12,650,000 for the 44,000-square-foot former seltzer factory a year ago.) We bet this'll be nice. The rendering, at right, looks pretty slick, don't you think? Plus, we think a converted warehouse should have strong appeal among all the new-builds in the neighborhood.
44 Berry Renovation Revealed [Curbed] GMAP P*Shark DOB




Posted by Brownstoner at 2:29 PM | Comments (5)
Categories: Development, Williamsburg

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i just clicked on their link. why do real estate developments have the tackiest, most cumbersome, convoluted websites EVER!? i was only curious about the prices of these rentals. i dont feel like have to look at a ton of other irrelevant crap. it's not just this specific one, it's like EVERY SINGLE developments site!!!

*rob*

Posted by: PitbullNYC at November 24, 2008 2:37 PM

Now where will I get my fork lift repaired?

Posted by: IMBY at November 24, 2008 8:47 PM

Well let's see. With 42 units and the purchase price, before any remodeling or construction takes place you're looking at a $301K investment in each unit. Given the state of the economy and the rate of real estate prices falling, these should be upside down on a sales perspective before the work orders are even filed. So, realistically what can these rent for long term once unemployment surges, other wages fall, and every condo/coop in the Burg and the northern half of Brooklyn are competing for tenants. Look for Home Depot fixtures, Lowe's cabinets, formica countertops, and a marketing strategy using words like "loft-like living space" - ie the gritty cheap barren look - coming very soon to 44 Berry St.

Posted by: williamsburgguy at November 24, 2008 9:37 PM

Rendering is at left, no?

What neither image shows is the Fedderization of the building, which has been ongoing for a few months.

This was originally constructed in 1919 as the New York Quinine & Chemical Works.

Posted by: WBer at November 24, 2008 10:06 PM

WBer - do you know a site where you can research the history of old industrial buildings? My friends live in 550 Driggs, a huge place that had its own boiler house with a smokestack and boilers as big as a bus. They are trying to find out what used to go on there.

Posted by: dittoburg at November 25, 2008 8:21 AM

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