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…
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
i looked last september at the duplex in question w outdoor space. Yeah, it’s one block from the Montrose L. But I don’t commute daily. I have friends at Graham L w tricked out duplex down recreation room king humungous en suite bedroom / bath. That’s pretty awesome. Take another $25,000 off the price you can get this for $374 sf interior, $272 sf incl. very real tangible private outdoor space. It’s the last unit in the building so in fact it did sell through. Assuming I can walk safely home one block from the Montrose L at all hours, biggest issue for me is only six units total sharing the eventual expenses. After 6 months of looking so far, I almost wanna take a 2nd look. Any feedback?
Crooklyn, love that you singled out the Jews for the sin of over development (NOT). Surprised you didn’t bring up our devil horns…
$180/sq feet max
Are there any interior photos of this place?
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.
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.
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?)
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…
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.