155 Freeman Street: Extremely Tempting
We just sat here staring at the photo of this building for the last ten minutes seriously contemplating whether we should sell our house to by this. The high ceilings, the rounded windows, the color of the old brick, the old storefront, the parking…beautiful. And it’s huge ‘ 7,500 5,700 square feet. Dunno how much…
We just sat here staring at the photo of this building for the last ten minutes seriously contemplating whether we should sell our house to by this. The high ceilings, the rounded windows, the color of the old brick, the old storefront, the parking…beautiful. And it’s huge ‘ 7,500 5,700 square feet. Dunno how much it costs as the folks over at North Brooklyn Realty haven’t put the darn thing up on their website yet. You can give a call to 718.383.5553 to find out. Just remember to let us know. Update: North Brooklyn’s out, Massey Knakal’s in. See the listing link below.
155 Freeman Street [Massey Knakal] GMAP P*Shark
If it sold for 1MM in Feb 2004, I’d be surprised.
1-The asking price was 850K in 11/2003. I just took a look at my notes. I actually had an appraisal done at that time.
2-Property Shark has the transaction in 12/2003.
The buidling at the time it was offered had a Commercial CO and a residential zoning, so converting it to residential was not an issue.
been looking for a warehouse/industrial space myself to make a huge loft out of. too bad i can’t afford this place. anyone know where any good industrial areas are for good deals on warehouses. Newark anyone?
105 Freeman, classified as an E1: Fireproof warehouse, sold for $1M in Feb 2004
david:
no doubt the oil spill and the effects are a big part of greenpoint…but there is definitely no cancer cluster in this particular part of greenpoint…in fact, as far as i know, this part of greenpoint (alphabet streets) has been relatively unscathed from the oil spill and its effects.
The asking prices for this property from March 2006 to today:
$2.2
$1.9
$2.0
$1.8
$1.75
$1.5
As you can see, I’ve been following it. The pics from the previous broker shows that it has potential, but needs LOTS of works inside to make it livable. Not sure what’s it’s zoned, but that may be an issue as well.
Franklin St, while it has improved drastically over the last 30+ years, is not prime. I’ve been in Greenpoint for 35+ so I remember back in the day. It’s still very much an industrial feel. It will probably change over the next 30+ years, but if that’s the case, it’s worth waiting for the price to become more reasonable. Your potential upside is very limited at $1.5 + serious rehab.
If you have that kind of money, but a multi-family dwelling and collect the rent.
Indeed, this part of Greenpoint is a “cancer cluster”, I read a couple of years ago. Apparently there are an exceptional concentration of cancer cases in the area.
However, according to whatever I read, they weren’t sure it was from environmental toxins or simply the lifestyles of people in the area! (That’s what they said!)
Anyway, I moved from Freeman St last year.
i’m confused…many of you have said you have been inside and it needs a complete renovation, but bklynsurfer says “it’s beautiful on the inside”…so which one is it?
PropertyShark square footages are often incorrect although I think it is just the city data they are showing.
The sq footage is often listed as building length x width x no. of stories. However, it often doesn’t account for partially built upper levels, light wells, buildings that get narrower as they go back, etc. Also, sometimes the garden level on brownstones is counted and sometimes it isn’t.
the most expensive home in greenpoint is the 1.7 million apartment in the “glass house” on green street which, not suprisingly, still hasn’t sold.