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Since sales started last Fall, roughly a hundred buyers have dialed in to buy a place at the former New York Telephone Company building at 101 Willoughby Street that’s better known in real estate circles these days as the Belltel Lofts. When the listings were first released in October, we opined that “the apartments look pretty attractively priced.” There’s been only one round of price increases since (all in the 2.5 to 5 percent range), so our original statement still stands. No one’s going to dispute the architectural merits of the iconic art deco exterior and the interior reno by Beyer Blinder Belle look pretty nice too. As is the case with all of the new buildings planned for this part of Downtown Brooklyn, services are the big question mark. We’re optimistic they will come, but that’s also why these places (about 150 of which remain) seem like a relatively good bargain right now. Any readers out there who’re in contract here? What sealed the deal for you?
The Belltel Lofts [Douglas Elliman] GMAP
The Floodgates Open at 365 Bridge Street [Brownstoner]
Downtown Art Deco Icon Going Condo [Brownstoner]


What's Your Take? Leave a Comment

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  1. Thanks for your honesty Anon 4:55. You’re right… let’s skip the drinks and go back to your place, er, I mean your mom’s basement, for good old-fashioned fun 😉

    a non ee mus
    (dang, I should have come up with a shorter moniker… I didn’t think I’d be using it so often)

  2. Calm down? Hmmm…I’m not sure what you read in my post that made you think I wrote the above in a blind rage.

    OK, since you don’t care what I think, then let me say that I think that anyone who bought at Belltel are class-A suckers.

    Of course, since you don’t care what I think, I’m sure you won’t bother replying, right?

  3. Hey anonymous 4:55,

    Calm down.. I wasn’t being defensive. I was just passing along my opinions of Belltel and how it compares to it’s brethren buildings. And I still couldn’t care less what you think. Peace.

    a non ee mus

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