Vinegar Hill
March 25, 2008
Condo of the Day: 206 Front Street
About nine months after closing on her second-floor one-bedroom at the Vista at 206 Front Street in Vinegar Hill, the broker who owns it is looking to cash in her chips and move on. While the exact closing price is unclear, the 540-square-foot apartment was originally listed for $370,530. So what's the asking price less than a year later? $485,000. Seems like a stretch to us.
206 Front Street, #2D [NY Times] GMAP P*Shark
The Vista and J Condo Get Their TCOs [Brownstoner]
March 24, 2008
Dumbo: A Bridge Too Far?
Newsflash: Brooklyn's not for everyone. This weekend The Times reports on a woman who lived in Manhattan for 17 years (mostly in Alphabet City) after moving to NYC from Australia; last year, however, she decided to uproot to Vinegar Hill after visiting a friend who had bought a condo in Dumbo. And now? "I feel trapped here in a way,” she says, and apparently still spends a great deal of her time in Manhattan, despite the fact that she rents a studio for work only a few blocks from her Front Street home. She's also been slow to explore nearby neighborhoods like the Heights and Dumbo, and says she occasionally feels unsafe in her new 'hood. More than anything, the article is a curio for the Times's real estate section, which so rarely expends ink on neighborhood stories that aren't seen through a rose-colored lens. The question is, now that the real estate market is cooling, are we going to see more and more of these Brooklyn backlash stories?
She Left Her Heart in Manhattan [NY Times]
Photo by DumboNYC.