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December 8, 2008

Sales Halted at Steelworks Loft

steelworks-1208.jpg"Halstead will also halt sales at the Steelworks Lofts, an 88-unit condominium in a former steel warehouse on North Fourth Street in Williamsburg, Brooklyn, a few blocks from the waterfront," reports the NY Times. It's listed as one of several projects "hibernating" for the winter. Guess their price protection insurance didn't sway buyers.




Posted by lisa at 11:15 AM | Comments (3)
Categories: Sales, Williamsburg

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Comments

Deer in the headlights.

***Bid half off peak comps***

Posted by: Brownstones Half Off at December 8, 2008 2:16 PM

The problem was that the units were not special in any way.

The biggest one was 1700 sq.feet.

If they supersized the units, they would have sold like hotcakes, even in this market.

Just look at the Mill Building. The SMALLEST are 1700 sq feet.

That is a really interesting buidling. They should build really interesting HUGE apartments.

Posted by: therealflyintheointment at December 8, 2008 3:14 PM

agree that the apts have odd layouts and should be bigger. cool old building tho. was looking forward to seeing it come back to life.

Posted by: wine lover at December 8, 2008 11:04 PM

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