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February 10, 2009

Co-op of the Day: One Main Street #6G/H

Bullishness is not dead in Dumbo apparently. One Main Street, the residential conversion that started it all and is still the premier address in the neighborhood, has seven apartments on the market and they're all priced at over $1,000 a foot. The Mac Daddy of them all is a 3,300-square-foot three-bedroom that just hit the market on Friday with a price tag of $4,400,000. Think they can pull it off?
One Main Street #6G/H [Sotheby's] GMAP P*Shark

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No way. Am I viewing this listing incorrectly or are there no direct views to the water? Not a chance at that price unless it was full open views. These views are not much better than the 30 Main COTD you posted in December that was asking something like $750 a square foot.

Posted by: twc at February 10, 2009 12:51 PM

i know right? no views? for that much?

sheesh

Posted by: sender9999 at February 10, 2009 1:14 PM

Not thinking about price or lack of view...but this apartment is niiiiice.
Limestone kitchen countertop...YES!

Posted by: bayridgegirl at February 10, 2009 1:48 PM

It's a very nice apartment. Beautiful layout, high floor, low common charges, nice finishes, but 4.4 million? I doubt it. That is more than Wallentas paid for the entire neighborhood fifteen years ago.

Posted by: sam at February 10, 2009 1:49 PM

someone bought the unrenovated penthouse, smaller than this unit, for $7,000,000, just a few months ago.
I don't get the appeal of Dumbo at all, but there is ample evidence I'm in the minority. I don't think it's a crazy price.

Posted by: Maly at February 10, 2009 1:52 PM

High floor - to me, eh. I need to be able to jump out the window and live.

Posted by: infinitejester at February 10, 2009 2:02 PM

If it had a view, it would get that price. But I still think it'll get close to that.

Posted by: FatLenny at February 10, 2009 2:14 PM

You could call in to 1010 WINS traffic report with updates on traffic flow on the Manhattan Bridge from your dining table.

Posted by: sam at February 10, 2009 2:31 PM

Well, it's certainly nice. Not what I'd spend 4mm on, if I were looking to spend that much on a house. Then again, I doubt very much that I'll ever be looking to spend that much on a house, even could I afford to do so. But if I was, it wouldn't be on a DUMBO loft.

Posted by: cwbuecheler at February 10, 2009 2:36 PM

"Bullishness is not dead in Dumbo apparently."

Yes it is. Sales are down. It's delusion that's not dead.

***Bid half off peak comps***

Posted by: Brownstones Half Off at February 10, 2009 6:01 PM

I don't like Dumbo either...but I wouldn't mind a nice big mod apartment. It would be easy on the knees. The stairs are killing me lately.

I must add that I hope there are ample bidets for this offering price.

Also, the real estate website has a "Watch this property" feature. Is this like Ebay?...

Posted by: BrooklynGreene at February 10, 2009 7:37 PM

The view is inside - feast your eyes there. Its a gorgeous loft, with a meticulous attention to detail, spectacular in the evening or day. There isn't anything else like it.

Posted by: skyblue3 at February 10, 2009 8:54 PM

It will sell in 2014.
Until then, rent-city.

Posted by: sam at February 10, 2009 9:14 PM

Wow. All I can say is, wow. But not in a good way.

This pricing seems very 2007 to me. I genuinely cannot imagine they will even come close to such a number. And it appears to me they've strettttccched the square footage. That is not 3300 sq. feet. Unless you count the hall from the elevator to the front door and the fire stairs.

I've been wrong though.

Posted by: Nokilissa at February 10, 2009 9:37 PM

without naming names ... if you look closely those listings are all by the same broker at sotheby's, this broker overprices every unit she puts on the market. this is not reality, she's delusional.

Posted by: munchkin at February 15, 2009 10:22 AM

« Last Week's Biggest Sales House of the Day: 296 Degraw Street »

February 10, 2009

Co-op of the Day: One Main Street #6G/H

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