Bridgeview Tower: Another One Bites The Dust, Goes Rental
Yet another new condo development has gone rental (see editor’s note). Bridgeview Tower, nestled between the Manhattan Bridge approach and Brooklyn-Queens Expressway, has been on the market nearly two years, yet according to StreetEasy only four units are in contract and no sales have been recorded. While several brokerages still have for-sale listings up—the most…
Yet another new condo development has gone rental (see editor’s note). Bridgeview Tower, nestled between the Manhattan Bridge approach and Brooklyn-Queens Expressway, has been on the market nearly two years, yet according to StreetEasy only four units are in contract and no sales have been recorded. While several brokerages still have for-sale listings up—the most expensive is a $1 million two-bedroom—rental listings have popped up on aptsandlofts.com and a number of other sites. That same two-bedroom rents for $3,900 a month, a whole lot cheaper than the monthly mortgage payments on a million bucks. At these prices, do you think Bridgeview will do any better as a rental?
Editor’s note: Only a portion of the building has gone rental, according to aptsandlofts.com founder David Maundrell. He said an investor bought 20 units to rent, adding that his firm rented two the first week. Renters’ “jaws drop” when they see that SubZero,” said Maundrell, referring to the refrigerator and other high-end kitchen appliances.
Kodachrome Goes Rental [Brownstoner]
Scarano-Designed MYNT Now Rental [Brownstoner]
A Couple of Cuts at Downtown’s Bridgeview Tower [Brownstoner]
10:55 This is not in any those neighborhoods, although they want to say it is in DUMBO. I am curious, though, how does that shuttle bus work? Does it only run during rush hour? Where does it go?
“Scared money makes no money”
Bk Heights, DUMBO, Downtown Brooklyn, and Williamsburg will always hold its value and appeciate no matter what the design is. If i had money saved, id buy NOW.
“How can a rental market have a ‘bubble’?”
Speculation that rents only go up and never go down. Pop!!!
Ugly building in an uglier neighborhood. The price per sq feet is too high for such crap. A buyer would be getting better deals in Downtown Brooklyn proper with subway access and stores.
Ugly building! Why would anyone want to spend their hard earned money on this when better offerings are available?
It says Downtown Brooklyn, but i think this is really DUMBO. The location looks awesome on the map, so close to Manhattan. Id rather live here than in Fort Greene or Clinton Hill.
I would buy or rent in there. I think the building looks really nice from the outside. Looks like plenty of the units will have great views. They should change the sign though, it looks like its falling down.
I would buy or rent in there. I think the building looks really nice from the outside. Looks like plenty of the units will have great views. They should change the sign though, it looks like its falling down.
funny comments on bridgeview:
http://www.onehansonplace.com/2007/01/new-strategy-bridgeview-tower-at-189.html
http://www.onehansonplace.com/2006/10/bridge-view-tower-condos-in-dumbo.html