Six Condo Sales Records at One Brooklyn Bridge Park
An article in the Post this morning recycles the way old news that Elizabeth Stribling, the founder of Stribling & Associates, is moving from the Upper East Side to One Brooklyn Bridge Park, but it also drops some tantalizing info about other sales at the massive conversion. Turns out that six sales in the building…
An article in the Post this morning recycles the way old news that Elizabeth Stribling, the founder of Stribling & Associates, is moving from the Upper East Side to One Brooklyn Bridge Park, but it also drops some tantalizing info about other sales at the massive conversion. Turns out that six sales in the building are record breakers for a Brooklyn condo, all going for more than $3.8 million, the previous condo sales record in Kings (that would be at Williamsburg’s Aurora). Stribling’s 3,442-square-foot pad cost $6.6 million. The development (which is currently being advertised on Brownstoner) is also setting records for the priciest parking spaces at a Brooklyn condo: Each is going for between $128,590 and $281,050. More than one-third of the 1BPP’s 449 units are now sold (that’s a jump over November, when 100 were in contract and sales were pending on another 25) and move-ins will begin next month. The building’s developer, Robert Levine, is happy with the pace of sales at the luxury building: “Considering the state of the economic environment, we’re doing very well.”
B’Klyn Beckons [NY Post]
Stribling Sells Herself Two Penthouses at 1BBP [Brownstoner]
Update on One Brooklyn Bridge Park [Brownstoner]
I went to two open houses in Park Slope yesterday and they were packed also. Had to wait outside for one of them while the others looked around.
Really. I am looking in the sub-1mm market tho. Are you looking at more expensive places?
Really 10:16? I went to a few and they were very quiet. Guess we went to different ones.
I really liked this building and love the amenities and common spaces (big individual storage closets on your floor is an idea more places should implement). And the brooklyn (BQE) views are nice too, if you’re high enough.
BUT it’s too rich for my blood and, at 5’4″ the windows were oddly high for me.
Meanwhile, went to other Brooklyn Heights co-op open houses this and last weekend and they were packed. As in: people had to wait outside while the 20 people inside look and leave. What is going on? Where is this crash The What? I need a place to live!
I am willing to buy a unit on the east side of the building…but not five-and-a-quarter for a studio. Hopefully 9:52 and 10:02 are right.
9:52 – I totally agree. Moreover, what do you want to bet that the ones that have sold are all high floor, facing away from the BQE? The apartments on the BQE side are going to need a huge price cut to move.
So, they’ve only sold 25 since November, and it’s now March. If they have 300 more to sell, and it’s at a pace of 25 every three months, then it will be three more years before they sell it out. Expect price drops.
It’s true that the commute is a pain in the ass if you need to hike up to the borough hall subway stop every morning, but in truth plenty of people who live on York Ave on the upper east side have a longer walk to their closest subway stop. If you drive to work, you actually have pretty easy access to the BQE.
In terms of what it has going for it – the views are pretty amazing – I was in the building last week. The layouts are good and the finishes are pretty standard for a high end condo nowadays. Also ceiling heights are pretty impressive – looked to be at least 13′ to me. And finally, you will (oneday, hopefully soon) be right at the edge of Brooklyn’s second largest park. That’s got to be worth something….
Seems like a market for high end in Brooklyn exists after all…anyone know how well the Richard Meier project is selling?