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Price Cuts at Warehouse 11

Categories: Condos, Williamsburg

warehouse-11-0209.jpgAbout 30 percent of the listings at Warehouse 11, the Karl Fischer-designed development at 214 North 11th Street in W'burg, are spoken for and they've been averaging about 20 open house visitors on recent Sundays. Still, prices on a few of the units needed some tweaking recently: five apartments received trims of around 5% last week, not much given the market. Next step: The Temporary Certificate of Occupancy is expected shortly. GMAP



By Brownstoner at February 27, 2009 11:15 AM | Comments (6)

6 Comments

By Brownstones Half Off on February 27, 2009 11:20 AM

Glass 30% full. 5% price sanding? Cute.

***Bid half off peak comps***

By hazenyc on February 28, 2009 2:09 PM

when do they expect people to begin closing and moving in (for those 30% who bought already?)

By riley729 on March 1, 2009 1:20 AM


I am in contract and I have been Told April. I think April-May seems realistic by my last inside viewing of the building.

By riley729 on March 1, 2009 1:20 AM


I am in contract and I have been Told April. I think April-May seems realistic by my last inside viewing of the building.

By franco45 on March 1, 2009 2:42 PM

I have been checking this building out since october 2008. I think it is a bit pricey considering the cuts at Northside Piers. Furthermore, at my last visit in mid-February, not much work has been done. That has me concerned. Another broker who works for aptsandlofts visibly winced when I mentioned I was attending an open house there. Granted he worked at another building but I had already told him I was not interested in the condos he represented. My gut is telling me to stay away. I think prices are too high by about 25%.

By sosnowski on June 10, 2009 8:10 PM

It will suck to live here by July 2009, as trucks will be detoured off Kent ave & up and down both sides of these condos.
http://www.nyc.gov/html/dot/downloads/pdf/kent_ave.pdf

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