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We got bombarded this week with data about the sales (or lack thereof) at Williamsburg’s Schaefer Landing by a guy with either an axe to grind or way too much time on his hands. A few things we know: (1) The developer switched from Elliman to Halstead several months ago, which suggests sales didn’t get off to a booming start; (2) Halstead currently has 15 condos as 6 rentals up on its website, so the place is far from sold out; (3) Some original buyers (like Apartment 10D) are trying to get out of their investment. We’re not so sure about our tipster’s calculation that there are some 50-odd units for sale or rent through various brokers; this tipster also reports that a lot of the original purchases were by investors, not people planning to live there, which wouldn’t bode well for the stability of prices. Anyhoo, we’re sure some of you have been paying closer attention than we have. Is this really a bad situation — or is it just a big building that still has a bunch of units left? Property Shark shows no comps for the past twelve months.
Schaefer Landing Listings [Halstead] GMAP


What's Your Take? Leave a Comment

  1. I live in Schaefer Landing and I love it. I have an underground parking space, ride the bike when its nice out and plan on adding a motorcycle to my toy collection. When walking, I like walking up Broadway and taking a left to S. Bedford, the road from there all the way to the L Train, and McCarren Park is filled with shops and people – it reminds me of a young Lower East Side, with the mix of new people and old flavor. Gentrification is what it is, and I enjoy the mix. I also like the early parts of Broadway (under the bridge). Its a great neighborhood – yes a bit isolated but that’s part of the charm and its going to change fast enough. I do hope the aLoft gets built, that’ll pump alot of people into the area, but what it is now is cool and chill too. – PSE

  2. My wife and I are considering purchasing in SL. Could any residents please tell me of any issues that may have developed for them concerning quality, etc? Also, is sound from apt to apt blocked fairly well?

  3. Live in the north tower of SL. Here is real knowledge. The water taxi is wonderful if you work in the financial dist. The JMZ is not an ideal train, but it is not far (15 min tops) and one stop from the F, two for 4,5,6. Train is not fun in winter, but what is. Used to live in the building next to NSPiers, the walk to the L from there was exactly the same. I can be anywhere door to door by train in 35min, usually much less. If you have a bike you are 10min from L train. Parking is cheap, in and out, and is laid back. Gym and roof deck are both very nice, nothing compares to the water in your backyard. View is unrivaled…nothing like looking down a bend in a river. Have looked at NSPiers, apartments are going to be very expensive, and small comparatively. The workmanship and materials in the unit itself are not great, appliances are mid level. I will definitely remodel eventually. The space is amazing though, and will remodel well. Diner, Marlowe and sons, Dressler, Lugers, Pies and Thighs are all amazing restaurants. New grocery is under construction on Broadway. Broadway retail is young but the infrastructure and space is there for a very vibrant future neighborhood. It will always be different from the northside, I predict it will be a more desireable place to be then the northside in 5 years. For me it already is.

  4. 10D might be trying to flip his apartment..but he’s trying to flip it for a hefty premiuum… i’d flip apartments too if i could actually get the ROI that he’s hoping to get.

  5. I live at SL in the north tower and I am very happy about it. tonight i had dinner on the rooftop and it was a real pleasure.
    The service is great, gym, garage, lobby, shuttle etc. The ac units are big but if you walk into a new apt rarely everything is perfect and some things are always changed by the new owners (move the AC into the wall). Then i do not understand all this racism about one of the few parts of the city where you can still see kids running in the streets and playing with no fear. This is NY and this is why i love it and would not change it for any other city. u don’t like? go somewhere else and make some space for smiley people

  6. I live in Schaefer, winter was terrible and I took off, but now that its beautiful out, I’m feeling very lucky to have the esplanade as my backyard – yeah, the place needs character, the trees need to get a little taller, but they’ve set up a great place to relax and look at amazing sunsets. Kent Ave is nice and quiet (and smooth) and a great road to bike – heading up broadway and busting left on Bedford gives you a great tour from S. 5th to N. 8th of Williamsburg. No, its not prime action, but not everyone wants that – like to be close to the city but some of the best views of Manhattan are on the roof of Schaefer Landing. I did my time in Bushwick – The Williamsburg/Greenpoint waterfront is going to be amazing thing for the city, and I’m happy to be a part of the change.

  7. It is interesting to note that the majority of people posting negative comments are not owners and have never set foot in the building, and that all the residents posting here seem to be happy.

    As a new owner our experiences are nothing but pleasant. The finishings and appliances are well installed and a pleasure to use, the double paned windows keep the place silent and warm and the common areas (including the roof, free gym and boardwalk) are fantastic.

    While the average commuter packs onto a train I’m sailing up the river in style with my newspaper and free coffee. For those too lazy to walk to the train (it’s really not so far) there is a shuttle.

    And it’s funny – walking on the upper west side, no one looks me in the eye or shakes my hand either. If people in funny hats and beards make you scared, perhaps you might be more comfortable in Boston or Salt Lake City.

  8. I happen to be a broker that sold many units at schaefer landing and am also a satmar hasidic person. First, regaurding the building and the people who are now living there have told me that they like it alot. Second, about the negative comments regaurding hasidim in williamsburg there are none residing in the luxury condo building and I find those comments very offensive and think you probably never really got to know enough hasidic people to generalize like you did! Hasidim are the warmest and nicest peolpe in the world!!!

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