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
11:28, No, it’s not for everyone and maybe not for your clients. You’re generalizing. The neighborhood he’s interested in, is not the one surrounding the L. There ARE others, you are a broker you should know that. No one moved here thinking they were going to be surrounded by bars and ‘hipsters’ however you define them.
You CAN always walk the 2 blocks North of Broadway for bigger change.
Infrastucture? You mean supermarket? When I lived in Manhattan I used Fresh Direct, and I lived DIRECTLY across the street from an Associated. My life hasn’t changed one bit, oh wait, it has. I can walk 2 blocks without passing a Duane reade now.
People have different needs and desires, there are 8 MILLION of us here, there is somthing for EVERYONE.
Another post from a non-resident. Yawn.
The hasidic element is definitly an issue. THe people will not look you in the eye unless you are doing business with them. If you are ding business and youre a woman they will not shake your hand. Id rather live in the Marcy projects than in their neighborhood. Oh wait that is their neighborhood now. Id rather live anywhere else.
Im not talking all Hasids, just specifically Williamsburg Jews. They are weird.
Oh yeah, the location sucks and the building is ugly.
Actually, Anonymous @ 11:23, that’s not true. Take the F one stop to Jay Street and switch to the A. Total, a 15-20 minute commute to Fulton Street or Chambers.
No different than commuting from Cobble Hill.
And I am not a fan of DUMBO. I like some of the OLD buildings, and the waterfront, but the noise, the isolation and the new highrises sink it for me.
Schaefer Landing is not the place to live to see “if you like the neighborhood” – you’re nowhere NEAR the neighborhood. It’s not like living up on N8th and Kent. There is no infrastructure. (Don’t say ‘Diner’.) And the neighborhood is not going to change all that much – south of Broadway is Orthodox and while some buildings are changing, it’s not going to happen any time soon. You’ll always be isolated from the neighborhood at Schaefer Landing.
I know that when I was still working I was getting a lot of calls from investors who couldn’t rent it themselves and wanted help. But that type of property didn’t appeal to the type of client I worked with.
Be prepared to see a lot more posts like this one.
Williamsburg, LIC, and DUMBO, and the “Gowanus Slope” will slump the worst.
Actually we’re totally in agreement, 11:15. That time is coming for DUMBO. I was just sharing what my friends experienced this past year.
People need to get less defensive about their neighborhoods here. Why be competitive? It’s so square and dorky to compete over neighborhoods. We have a house in one of the controversial nabes in Brooklyn that always provokes heated discussions here. My husband and I will always totally willingly admit all the downsides to our ‘hood! In fact we’ll make fun of it. On days we feel like laughing instead of crying. Ha. We’re all in this together, people.
the theme is always the same – accessibility to the job in Manhattan that pays the mortgage. Areas with good accessibility …BH, PS and, yes, AY…will always trade at a premium to those that don’t have the accessibility…this place, CH…DUMBO has F only – no one commuting to lower Manhattan can live there – but people will sacrifice the convenience if the real estate is priced accordingly…Red Hook has always been the classic example.
I was commenting on 9:12 am… “the majority of people i’ve seen coming in and out of there are hasidic jews, who are there as low-income tenants. glamourous it isn’t.”
Exactly the thing to ask, S. Will, “where are you guys getting your info?”
There are seldom any factual statements made on this site. This site’s posts are mostly opinions based on merely looking at RE listings. Few people who comment have ever seen the properties themselves, have any knowledge of the building, or have actually been to the neighborhood they’re critiquing. “Curb appeal”, how a property or nabe looks to a passerby, is definitely a factor in RE and should be discussed. But the site would be so much better if more posters here had inside knowledge like you do. And if they don’t, if they at least admitted they do NOT have inside knowledge about the property and nabe they are commenting on. Instead, they all feel the need to sound like experts on all things. Sort of like my 74 year old Republican Midwestern father does.