Steelwork Lofts Coming Down the Pipe
While a glance at the exterior of 76 North 4th Street in Williamsburg suggests the 88,000-square-foot building is a long way from being ready for prime time, two banners proclaiming the inevitable condo conversion appeared along Wythe Avenue towards the end of last week. Halstead’s got the listing for what will be known as the…
While a glance at the exterior of 76 North 4th Street in Williamsburg suggests the 88,000-square-foot building is a long way from being ready for prime time, two banners proclaiming the inevitable condo conversion appeared along Wythe Avenue towards the end of last week. Halstead’s got the listing for what will be known as the Steelworks Lofts. According to DOB filings, the building, which sold for $26,500,000 last June, will have a total of 96 units. The bare-bones web site for the development suggest a full range of unit types, from studios starting at $560,000 to well over $1 million for larger apartments. There’s no way to know what the finishes will be like but the raw space and size of the windows are good starting points.
The Steelworks Lofts [Homepage] GMAP P*Shark DOB
who the fuck would pay 560k for a studio in this market? oh yea, idiots will!
got desperation?
2:48 whatever. wait to see the damn sq. footage. really, go check the rental market around there and do the math.
i am writing because I am informed about this neighborhood.
so many brownstoner posters applaud pos walk up falling apart pre war apartments especially if in PS ….
also,brownstoner posters constantly go after properties outside their own hoods – talk about propping up home values and discrediting yourself!
i am just calling bullshit on this because it is always happening.
2:17, you just discredited yourself by admitting that you were here to prop up your properties. Can you add anything to this thread without shilling?
#3 here – not a broker, but thank you #4 – you seem very knowledgeable.
i am an owner and investor in brooklyn. also own my own biz in manhattan completely unrelated to the real estate industry.
what do you do?
can you add anything to this thread? do you know anything specifically about williamsburg real estate? doubt it.
Thank you broker #2 and #3.
commenting on price with zero specs is stupid. it could be a decent amount of space for instance. all comes down to psf price + amenities/finishes….
renting in the neighborhood for sure would cost more.
560K is a good deal in this market. First rung on the real estate wealth ladder.
560k for a studio? Since it’s the lowest priced unit, it must be on the ground floor as well. Who is that stupid?