One BBP: 100 Contracts in 100 Days
At least week’s real estate round table, Robert Levine gave an upbeat update on his firm’s progress at 449-unit One Brooklyn Bridge Park. As of next week, they will gone into contract on 100 units in 100 days (how convenient for marketing purposes!). The average price on units in contract so far? More than $1,000…
At least week’s real estate round table, Robert Levine gave an upbeat update on his firm’s progress at 449-unit One Brooklyn Bridge Park. As of next week, they will gone into contract on 100 units in 100 days (how convenient for marketing purposes!). The average price on units in contract so far? More than $1,000 per square foot. Contracts that have gone out in the last couple weeks have been at above $1,100 per square—that’s after seven price increases since sales launched in April. Perhaps most amazingly, Levine reported that some non-waterfront units have gone in the $1,200 to $1,300 range. In addition to a 500-space public parking facility being constructed, there are 132 condo parking spaces that are now selling for $170,000 (a bargain compared to the rooftop cabanas in Dumbo). As of now, they’re targeting first move-ins in late October or early November. Demolition on the park is expected to start in 6 to 8 weeks and 85 to 90 percent of the park is scheduled to be complete by 2010, according to Levine. As for the controversial tower to be built in the park, Levine said he didn’t think the RFP would happen anytime soon.
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ooooh, you got me! I disagreed with your babble so I must be a broker! dork.
Can someone please explain what is meant by RFP for 3 towers? What is the story with the “Controversial tower” in the park?
It’s not jealousy mr broker. It’s a sloppy product and the developer and the brokers (have to second guess any project that has involved the developers goup) have stretched information about progress, price per foot, units in contract, to suite their marketing babble. This is a lame duck that is having trouble. You’ll see…..Oh and the RFP for 3 towers is being worked on.
the 100 bill comment has GOT to be one of the most asinine i’ve ever heard on this board.
seriously.
Wow. so many suckers. They will be underwater for years.
blah, blah, blah. Some bitter fools posting here.
IMO, it’s a win-win. Brings new wealthy residents to the neighborhood while not displacing anyone (industrial area, etc.).
New rich residents will pay to support the park.
I say welcome!
The complainers are either jealous or NIMBY wealthy BHeights residents.
Hope they enjoy the long slippery walk uphill in the winter. I look forward to seeing them walk by my much more attractively priced rental.
Just remember: Efficient tiling of $100 bills is only $900PSF. Paying more than that is crazy.
i agree with you, 11:02.
i can’t for the life of me figure out why there is such hatred for this place.
other than pure jealousy, there isn’t a whole lot of reasoning behind it.
1300 sq/ft for a view of the BQE? 100 units in 100 days??? Is it possible somebody’s not telling the truth? Who cares, so long as there are greater and greater fools lining up.