Price Cuts at 194 Meserole Street

The eight-unit condo building at 194 Meserole Street in East Williamsburg has only been on the market since early March but it's already undergone one across-the-board price cut of around 10 percent. Frankly, we're surprised the developer is even trying. Who the heck is going to shell out over $500 a foot for something this ugly in far-from-prime Williamsburg (except for the two people who are already in contract, that is)? GMAP

Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/9301

Comments

Who the heck is going to shell out over $500 a foot for something this ugly in far-from-prime Williamsburg (except for the two people who are already in contract, that is?

Ouch!!!

Posted by: Brooklynnative at April 16, 2009 10:49 AM

haha Brownstoner, SOTD!

My friend lives a block up from this place on Scholes - not a terrible location, but of course the price isn't right.

Posted by: dirty_hipster at April 16, 2009 11:00 AM

Besides the tasteless design
Price per sq feet varies a lot per unit:
One unit is $600 sqf and another unit $300
doesnt make sense to me...

Posted by: dutchman at April 16, 2009 11:06 AM

Last week, I walked down Meserole from Union to Waterbury, and I was shocked at all the new construction. It seemed like 50% of the street was new condos... which, apparently, no one is buying. (At the time, all I could think was, who is buying this crap?)

Posted by: broadwayron at April 16, 2009 11:14 AM

One probably has a "recreation room," dutchman, accounting for some of the square footage underground.

I used to like this area, it was pretty working-class and some of the houses were cute. The new construction seems to have kinda blighted it.

Posted by: Heather at April 16, 2009 11:57 AM

This area is way over developed by the Jews that owned or bought many of these empty lots and built crap. I onced thought this area was a cheap alternative to prime Wiiliamsburg, but from Bedford, Lorimer, Grand, Montrose L stops- the whole area is WAY over developed with many projects not even close to being finished. Unless the entire Ohio is moving to Hipsterville I see the area lagging along for many years. Rent use to be very profitable for an investment in the area. But with so many Condo projects going rental and not much demand, the rental market has taken a dive as well.

Thats whu I think landmarked Brownstone Brooklyn nabes are a much better investment then Williamsburg.

Posted by: Crooklyn at April 16, 2009 12:11 PM

Are there any interior photos of this place?

Posted by: mopar at April 16, 2009 12:40 PM

$180/sq feet max

Posted by: stringer at April 16, 2009 12:45 PM

Crooklyn, love that you singled out the Jews for the sin of over development (NOT). Surprised you didn't bring up our devil horns...

Posted by: wasder at April 16, 2009 11:08 PM