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]
It’s very unpleasant walking around over there — you’re held hostage by speeding trucks and cars from all sides, and there’s nothing to do! IMO, not artsy enough for the loft types and not nice enough for those seeking creature comforts.
Oh, so they’re trading in the over-priced condo for an over-priced rental. Got some real marketing wizards over there. I believe that, at least initially, these apartments were being developed for/marketed to Chinese…kind of East Chinatown, accessible via the B51 bus.
I’ve always loved the huge banner hanging from Bridgeview that reads: “If you lived here, you’d be home by now.”
It would be cool if every building had that banner. And it would always be true.
Why is everyone so hang up on the looks of this bldg, it’s not ugly by any means. I like it better than the JayCondos or Forte bldgs aesthetically. It’s the location and $3900 rent price that work against it. From my visits, the University Towers is a great deal if one wants the BEST deal in town. It close to the subway and everywhere else. Everyone else is overpriced – Oro, Toren, bellTel. Are they worth it?
I went and saw inside. Biggest problem for the building is bit of walk to subway and at this point not much commercial close at hand.
Finishes and look not as nice as Forte. Living rooms seemed small.
The studios I thought were very nice size – with wrap-around terrace. That line of apts also has lots of glass and southern exposure.
yep ugly.
This is probably the worst tallish building ever built in Brooklyn, IMO.
there is another standard 1-bd for rent in this building for 3500/month. they must be crazy if they think they will get that rent. maybe 2500 but no way will thet get 3500.
http://www.bridgeviewtower.com is incredibly amateurish. They even spell the name incorrectly in the page title (“BidgeView Tower”). The “Neighborhood” page includes this gem: “Our distinctive neighborhood allows for suburbian [sic] living with the same luxuries of being in NYC for less.” Uh, yeah.