Playing Catch-Up at the Newswalk Building
We’ve gazed at the 300,000-square-foot Newswalk building (mentioned twice in yesterday’s
We’ve gazed at the 300,000-square-foot Newswalk building (mentioned twice in yesterday’s commentary) countless times from the Atlantic Avenue side but never really stopped to stare at the wacky Dean Street side of the project that put Shaya Boymelgreen on the map as a developer in Brooklyn back in 2000. The conversion required a zoning change for three city blocks. As we were still living in that other borough across the river at the time, though, we’d appreciate a little history lesson on the conversion. Who designed it? How controversial was it? And has there been much turnover at the 150-unit building recently? What kind of price per square foot are the apartments commanding?
Newswalk Building Spared by Ratner [Village Voice] GMAP P*Shark
Newswalk Marketing Site [Condos in Brooklyn]
Current Newswalk Listing [Corcoran]
Thanks Roz
Yo, 11:07am poster: Whatever you feel about Atlantic Yards, Mr Puca is one straight-up guy. You’d be happy to have him as a neighbor, believe me.
There have been problems in some units with leaks, especially the ninth floor below the roof. He is currently doing work in the building to repair this. There have been other issues , but it helps that he has two sons and one of his construction managers living in the building.
Puca (or other NW residents) – Have you had issues with the quality of Boylemgreens conversion. There are alot of bad stories about shoddy construction by Boylemgreen and failure to followup and fix defects – just wondering how NW fared.
It think the second snot was making fun of the first snot. And it is totally cheesy.
Those two ‘Yuck’ commentors sound like spoiled snots that didn’t learn much in college.
If Anon 11:07 is going to bash me at least spell my name right.
I moved in 9/02 and I can tell you pre-Ratner the biggest concern was the design of the outside elevator. Some unit owners wanted it changed. Speaking to people on the block they were happy to finally see something happening to the vacant Daily News building. They were constantly being woken up by the Daily News trucks dumping off huge rolls of paper at all hours of the night.Back in 2002 till early 2003 prices were from $325-$400 per square foot. Now they are in the $525-$600 range . The first wave of sellers happened in late 2004 when the flippers could get their 2 year tax break. Now some people are selling because they are afraid the Ratner project might happen. A two bedroom duplex facing the railyards on the third floor recently sold for $1,187,000 but I think he overpaid. As you can see from the listing above, which is also on the third floor and a corner apt. facing the railyards I could be wrong if this sells for the asking. People have done some incredible stuff to some of the units. Shaya is going to be selling units on the first floor ranging from $500,000 -$1,750,000 when he gets his act together.
Thanks for the links!