What Is Up With Schaefer Landing?
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…
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
^ dumbest. post. ever.
Summary: Schaefer Landing is 40% empty,
Schaefer Landing is ugly, Schaefer Landing is not williamsburg, Schaefer Landing is an investor’s nightmare, Schaefer Landing is a isolated island (no bars no shopping no trains),Living in Schaefer Landing is like being in prison with waterfront views.
Truth is, most of us would not want to live in such an isolated neighborhood waiting for the area to “catch up” commercially. I looked at SL and the distance from trains is prohibitive. I personally think that the other developments on the north waterfront will do much better. In fact I’m gonna by at nortside piers, near the L, shopping, bars and restaurants.
Also to repond to the writer who wondered aloud whether the Toll Brothers will produce a better product, there’s no question. I am getting a sub-zero fridge, an electric convection oven w/gas cooktop and my floor to ceiling windows will be glass without those ugly heater/cooling units.
I think that the new waterfront condos (NSP and Edge) will always be preferred by buyers over SL. I went to go see some dork who was trying to flip a 2 br. in SL for 1.25 mill!!!! Gimme a break, I’ll spend that money on the northside first and feel that most people will too until inventory fills or SL becomes considerably more reasonable.
Also ‘condo dweller’- re “owners who have put down roots in a neighborhood improve that neighborhood. very very different than renters.”
How is living in one place from 97- 2000 , flipping it for a 100% profit , then living in another place from 2000- 2007, flipping THAT for a 100% profit, and moving on to most likely flip again ” putting down roots and improving the neighborhood”-???
Uh no. That is called speculation, and while you are free to do it , please don’t have any illusions about what you are doing,because all you were doing is making money from participating in gentrification, with all the ugliness ( skyrocketing rents for renters, original people moving out, homgenization etc) and goodness ( better coffee, Fresh Direct, other breeding white people for you to hang out with) – that it implies The only thing that has ‘improved’ is your bottom line, unless you truly think, as you quite clearly imply, that these neighborhoods were improved- for however short a time- by your very presence!
ha ha !
“owners who have put down roots in a neighborhood improve that neighborhood. very very different than renters.”
NIce talk!! I have lived in this neighborhood and rented for 10 years because I cant afford to buy and before you tell me to get a life and buy I can tell you its people like me who were the canaries in your coalmine, when you were too afraid to live here becasue it was too Black, Jewish, Hispanic and dirty…It goes without saying that we opened the businesses, galleries etc and gave it the ” vibe’ that attracted people like you to the whole thing to begin with, and now you are looking down at us? Yikes!
And we have worked and fought to keep the garbage processing plant out of the waterfront, to get regular garbage pickup, police service, mail delivery etc.- all the things YOU now enjoy…
I would SO much rather live next to Hassidic and hispanic people- as I have happily for ten years – than the whiney, entitled, jerks who are homogenizing my neighborhood into Park Slope.
AND you should be aware that just becasuer you are middle class, the air and soil you are surrounding your precious little infants isnt:
“Williamsburg has the highest rate of childhood asthma in the city, and the third highest in the nation. The area has a high rate of leukemia and other cancers.”
I wouldnt have a kid here – its VERY toxic
http://www.billburg.com/community/content.cfm?id=72
http://www.ci.nyc.ny.us/html/doh/downloads/pdf/data/2006chp-211.pdf
NO matter what you try to do to the schools, your kids’ lungs arent neccesarily going to enjoy it…
Umm…first of all this is not a bad building by Brooklyn standards, though living with Hasidim (Satmar Jews) takes a certain level of patience.
They are very greedy and combative people. They will fight you for every penny and they will never say hello to you unless they are doing business with you.
I lived for 3 years next to a Hasidim neighbor and it is not a pleasant experience. Satmar Jews also have become known for social isolation from all forms of secular culture and for opposition to all forms of religious, secular, and political Zionism. They do not acknowledge state of Israel, womens rights, etc…
There was a party, you just weren’t invited. Do us all a favor and please don’t move to DUMBO.
Uh, 12:16 – if you posted as halicious before, its still there. Otherwise, someone else posted the developers’ names and prior bad acts on the LES.
Oy vey? What is this site becoming anti-semitic? These people have a certian culture. At least they don’t sit back and b*(l s(^it all day like you do on this thread.