Buyers are picking up apartments at 145 McGuiness, the 10-unit Greenpoint condo that launched this April. A sales rep at Aptsandlofts.com reports that five units are now spoken for. In fact, all five offers came in and were accepted at the official building launch on May 9. Prices range from $499,000 for a one-bedroom to $949,000 for a two-bedroom. The next open house is this Sunday, from 2 pm to 4 pm.
10-Unit Condo Launches in Greenpoint [Brownstoner]
145 McGuinness Boulevard Listings [Aptsandlofts.com] GMAP
This new loft listing at 50 Bridge Street is huge and pretty well priced for Dumbo. The defining feature of the loft apartment is the great room, which has 15-foot ceilings, freestanding columns and a circular staircase to the mezzanine level. Despite its size, though, the apartment’s not currently designed for family living, with only a single master bedroom. Nor is it designed to building codes, apparently. “Use of this loft does not conform to building department standards,” says the listing. “Consult an architect for further details.” That could explain why such a large place in Dumbo is asking just $1,500,000. A buying opportunity or a bureaucratic nightmare? You decide.
50 Bridge Street, #609 [Brown Harris Stevens] GMAP P*Shark
The conversion at 392 Dean Street that we have been following is all done, an open house was held on Mother’s Day, and photographs of the interior are now available and posted on the listing. Even though the townhouse is basically a brand-new build on an old foundation, the exterior and interior details such as the doors, moldings, windows, and salvage fireplaces are historically appropriate for this mid-19th century dwelling and its neighbors. The kitchens and baths are more modern in style and, as noted before, have book-end matched walnut and lacquer cabinets, and Carrara marble tile. Or, as developer Seth Brown put it, the unit for sale for $1,995,000 is a “mix of new and old, with a traditional parlor and working fireplace in keeping with a 150-year-old house, but with a very modern kitchen, home automation, ultra-efficient mechanicals, etc.” We think the whole thing turned out very well. What’s your opinion?
The owner of this 1,797-square-foot loft in one of our favorite Williamsburg condos — The Mill Building — found out that selling an apartment isn’t always as easy as it looks. This place was on the market as an FSBO for the month of April at $2,095,000. Now it’s back on with Douglas Elliman for $2,150,000. It’s a big place with lovely original wood beams and floors as well as high ceilings. The only negative we can see is that there is only one exposure and the apartment goes back pretty deep into the center of the building (floor plan here), meaning that the parts of the apartment don’t get a lot of natural light. Otherwise, very sweet pad.
85 North 3rd Street, #306 [Douglas Elliman] GMAP P*Shark
If new(ish) condos in Downtown Brooklyn are your thing, this two-bedroom pad on the 25th floor of the Oro is definitely worth a look. The views through the wall of windows in the living room are great and the floors look much nicer than you usually see in new construction. On top of that, both bedrooms are decent-sized and there are two bathrooms to boot. Asking price for the 1,092-square-foot apartment is $970,000. Historically that would be a high valuation for this part of town but in this market historical pricing doesn’t seem to matter much.
306 Gold Street, #25D [Town Residential] GMAP P*Shark
The architecture firm Lubrano Ciavarra Architects just secured permits for a new build at 45 India Street, currently an empty lot between West and Franklin streets in Greenpoint. The four-story, seven-unit condo building will break ground in late May. The architects were given the task to design a small scale building that would reflect the neighborhood’s 19th century architecture and distinguish itself from the new glassy architecture along the waterfront, as well as the recently constructed, low-rise, fast-track developments going up around North Brooklyn. Here’s what they have to say about the design:
In exploring masonry patterning, the “corduroy” brick façade recalls the system of bays that organize the traditional industrial facades of the neighborhood. The metalwork that articulates the entry both alludes to the ironwork found at the street level of 19th century buildings to the east, and the boat-building industry that was so predominant at the bottom of India Street to the west.
And here’s what they have to say about the building itself: (more…)
This two-bedroom duplex at The Arches in Cobble Hill is interesting — interesting as in it’s not your average cookie cutter apartment, and that has some good things about it and some not-so-good things. The living space features big windows and double-height ceilings (good!) but the upper level has some awkward dormer ceilings and oddly placed windows. The terrace is a nice feature, but unfortunately it’s off the master bedroom rather than the living room. Overall, the place is in very good shape (having been renovated in 2005) but the finishes are relatively charmless in our opinion (stuck in that ‘taint of the the design spectrum, neither vintage nor modern). Asking price for the 1,250-square-foot condo is $1,200,000.
401 Hicks Street [Corcoran] GMAP P*Shark
This two-bedroom condo in the converted industrial building at 55 Berry Street just hit the market with an asking price of $1,495,000. Given that this place is the same price as yesterday’s Condo of the Day in Dumbo but 10 percent smaller, it seems like a bit of a stretch to us. Williamsburg is on fire, though, so who the heck knows! This place has a lot of windows and a nice open plan. Personally, we like the finishes in yesterday’s apartment a little better.
55 Berry Street, #2F [Corcoran] GMAP P*Shark
More than a million dollars is a lot of money for a one-bedroom, but this new listing in Dumbo’s Sweeney Building is a lot more than your average one-bedroom. First off, it’s got about 1,500 square and a big living/dining/kitchen area with (partial) river views. And, like many of the apartments in these converted Dumbo buildings, there’s a windowless “office” room, big enough for a child’s bedroom but legally disqualified from being called such. Asking price on this baby is $1,495,000.
30 Main Street, #5A [Halstead] GMAP P*Shark
According to the listing for this 11th-floor condo at 1 Hanson Place in Fort Greene, the K line is rarely available. And we can see why: It’s a great layout, with two good-sized bedrooms flanking the living room and kitchen area. There are also two full bathrooms and a washer/dryer. The asking price of $1,399,000 is the same as yesterday’s Co-op of the Day at 47 Prospect Park West. Which you do think is a better deal?
1 Hanson Place, #11K [Corcoran] GMAP P*Shark
It’s hard to believe there was a time when no one seemed to want to live at One Brooklyn Bridge Park. The converted industrial building at the end of Joralemon Street in Brooklyn Heights is now très populaire, with apartments on the waterfront side selling in excess of $1,000 a square foot. Such is the case with this two-bedroom on the ninth floor. The 1,550-square-foot pad has high ceilings, big windows, killer views and attractive modern amenities. Asking price: $1,750,000.
360 Furman Street, #904 [Corcoran] GMAP P*Shark
The townhouses are getting snatched up at Sackett Union, now that all 32 condo units are spoken for. A sales rep reports that five of the 11 townhouses have already sold. The homes range from a five-bedroom asking $3,300,000 to a six-bedroom priced at $4,025,000. You can view floor plans of the remaining seven townhouses at the developer’s website and check out renderings here. The condos, priced from $1,105,000 to $3,100,000, sold out in February. As you can see, the facade on the condo portion of the building is almost complete. Buyers are expected to be able to occupy the development this fall.
Sackett Union Sells out, Plus New Townhouse Renderings [Brownstoner]
Renderings and Listings Appear for the Sackett Union [Brownstoner]
Sackett Union Condos Are Selling Fast [Brownstoner]
The big, 13-story Bed Stuy build The Shelton will begin closing units early in May, and occupancy will begin immediately after said closings. The 83-unit, middle-income building features one-, two- and three-bedroom apartments. The developers held an affordable lottery for 30 percent of the units in January 2012; market-rate units hit the open market one month later. According to a press release, “The remaining units include: two-bedrooms priced from $395,000 to $456,500 (including a penthouse with private terrace) with 986 to 992 square feet of living space, and two 1,113-square-foot three-bedroom homes from $445,000 to $455,000.” The building hit the 70 percent mark last September.
Bed Stuy’s The Shelton Is 70 Percent Sold [Brownstoner] Bed Stuy’s The Shelton Hits the Open Market [Brownstoner]
The Shelton Gets Bricked [Brownstoner]
Bed Stuy’s The Shelton Tops Off [Brownstoner]
East River Partners, the developers known for brownstone condo conversions around Brooklyn, have just launched sales at 371 6th Avenue in Park Slope. They are in the process of converting the building into four units: a two-bedroom, two-and-a-half bath garden duplex with a private outdoor garden, two 1,047-square-foot two-bedroom units on the second and third floors, and a 1,076-square-foot, two-bedroom penthouse with a private roof terrace. The developers said they decided to begin selling the apartments from the floor plans before the project is 100 percent complete because there’s been such a strong interest. The completed units, which range from $1.05 to $1.8 million, will be ready this summer. East River sold out another condo conversion in the neighborhood, 397 1st Street, earlier this month. They’re working on a similar project in Carroll Gardens at 364 Union Street.
371 6th Avenue Site [371sixth.com] GMAP
Aptsandlofts.com just launched 145 McGuinness Boulevard, a 10-unit condo building in Greenpoint, which the marketing copy calls “the other side of Williamsburg, Brooklyn.” So far they’ve listed five units: four one-bedrooms priced from $499,000 to $799,000 and a two-bedroom asking $949,000. The first open house is May 9 from 6 to 7:30 pm. The amenities and floor plans look pretty typical for a new North Brooklyn build. How do you like the look of them?
145 McGuinness Boulevard Listings [Aptsandlofts.com] GMAP
After about eight months on the market, all three big-ticket units at 253 Pacific Street have sold. Last week, Unit #2 hit our Biggest Sales List after selling for $2,647,450. It was asking $2.6 million. And over the weekend a broker reported that the last unit, which was asking $2,150,000, sold. Both units #1 and #3 sold at ask, according to the broker. This townhouse building, which features private balconies, elevator entrances, lots of concrete and steel panels, was designed by architect James Cleary.
One Left at Modern Cobble Hill Condo [Brownstoner]
Modern Look for New Building at 253 Pacific Street [Brownstoner] GMAP
PropertyShark set up its quarterly interactive map displaying closed condo and co-op sales in Brooklyn for the first sales quarter. Unsurprisingly, there was a lot of action in Brooklyn Heights, Dumbo, and the northwestern and west end of the park.
There are hardly any new homes available for sale in Brooklyn, and that is pushing prices sky high, reported several outlets, based on a report from real-estate firm MNS. Lenders have been reluctant to lend for condo buildings, so most of the new builds coming on the market now are rentals, even if they were originally slated to be condos. Four years ago, some new condos sold at “fire sale prices” of 20 percent off or more, and now those same units are selling for nearly twice the price, said The New York Post. New development sales inventory in Brooklyn in the first quarter “was down a whopping 98 percent from the fourth quarter of 2012, according to the latest reports from brokerage MNS,” said Curbed, because “there just aren’t a lot of new apartments coming to market.” The lack of supply of new builds pushed prices per square foot up 8 percent, according to Curbed. Incredibly, over in Clinton Hill, the average sales price for new condos jumped from $505,000 to $745,000 in three months, according to DNAinfo, based on the MNS report. Do you think there will be any relief soon?
Brooklyn Bump [NY Post]
Brooklyn New Development Sales Plunge by a Ton [Curbed]
Clinton Hill Gets Fancy and Sees Major Jump in Real Estate Prices [DNAinfo]
Having recently had dinner on a high floor of 85 Adams Street, we can attest to the fact that the views from the Dumbo tower are incredible. That appears to be the case for this particular 12th-floor one-bedroom that just hit the market with an asking price of $725,000. The 779-square-foot one-bedroom has a conventional layout and nice modern finishes in the kitchen and bath. Given that $1,000 a foot is the going rate in Dumbo these days, we suspect they’ll get close to what they’re looking for.
85 Adams Street #12B [Brooklyn Bridge Realty] GMAP P*Shark
The exterior of the huge
condo rental building under construction at 53 Broadway in South Williamsburg is going up and looking quite colorful. We like it! Guess the designers Kaish & Taub decided to change things up a bit since this rendering appeared. When this 70,000-square-foot building is complete, it will house 72 apartments, ground-level retail, 66 parking spaces, a health club and a pool. Update: Aptsandlofts.com will be handling rental units here.
Scaffolding Coming Down at 53 Broadway [Brownstoner]