Distress Signals in Williamsburg

"Distress Sale for Owner, but for you, Developer\Investor, Profit, Profit, Profit!!" Such is the glass-half-full verbiage in the listing for 191-193 Johnson Avenue in ~~Greenpoint~~ East Williamsburg, where the developer has run out of options. (The developer has unpaid fines owed to DOB.) The price tag on the 16-unit new building? $4,200,000. That's an average of $262,500 per unit. Sound reasonable?

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Probably a short sale too. The architecture looks attractive. I'm torn between liking this one or the Greek salad from yesterday. Both have the attractive balconies.

Posted by: daveinbedstuy at November 13, 2008 11:05 AM

That doesn't look like Greenpoint. Looks like 'East Williamsburg.'

Posted by: dbcn at November 13, 2008 11:13 AM

Yeah, I wouldn't call that Greenpoint.

Posted by: ProspectHeightsGuy at November 13, 2008 11:27 AM

Sorry, it's definitely not Greenpoint!

Posted by: brownstoner at November 13, 2008 11:32 AM

I grew up on that block! Wish I could buy just one unit!

Posted by: BrooklynZoo at November 13, 2008 12:49 PM

I mean.. its ugly and the DOB violations are scary. SO maybe not THIS building. I just meant that I'd love to be able to live right on the block where I grew up, where I have fam, etc. Before people start jumping on me for wanting tio live in a fugly building with multiple violations.

Posted by: BrooklynZoo at November 13, 2008 12:58 PM

Six blocks from Bed-Stuy and a couple away from Bushwick. Call it anything other than Greenpoint. The price is about right. Maybe even a bit high.

Posted by: EnglishKills at November 13, 2008 1:02 PM

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November 13, 2008

Distress Signals in Williamsburg

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