70 Berry Sold Out
After less than five months on the market, 70 Berry is sold out. The 38-unit condo hit the market in late November and as of a few days ago every unit was in contract. The building is a mix of one-bedrooms, two-bedrooms and penthouses. Asking prices ranged from $600 to $800 per foot, and we…
After less than five months on the market, 70 Berry is sold out. The 38-unit condo hit the market in late November and as of a few days ago every unit was in contract. The building is a mix of one-bedrooms, two-bedrooms and penthouses. Asking prices ranged from $600 to $800 per foot, and we hear that there was very little negotiation on price. Pretty darn bullish.
70 Berry Street Hits the Market [Brownstoner] GMAP
DH, could youngins afford it without “assistance” via parents, trustfunds, etc.? we aint talking about 200k pads here
It’s just a solid building in a great location. After what happened at 72 Berry, I’m not really surprised it did so well. I doubt these are being snatched up by investors – I’ve spoken to a couple buyers, as they’re pretty active on Streeteasy.
of course not tybur – what was i thinking? there’s no crown moldings or ornate lintels within 20 blocks of here.
oh wait – we all forgot 70 Berry’s proximity to Greenpoint, the #5 bestest neighborhood in NYC!!
No, DH. That’s not the reason.
I love how there always has to be some alternate explanation why condos sell in Williamsburg (trust funds, investors, etc). Couldn’t possibly be people actually prefer living there rather than other parts of Brooklyn and are putting their money where their mouths are.
By Crown Heightser on April 14, 2010 12:25 PM
Most of these units have probably been purchased by investors to lease. Corporations tend to buy up these developments in hipster parts of the city to house their ex pats to work in USA. Cheaper to own a corporate apartment than house an employee at a five star hotel in Manhattan.
DH, you’re in trouble if above post is true – ie you’ll be running into EUROtrash at work and at home
Most of these units have probably been purchased by investors to lease. Corporations tend to buy up these developments in hipster parts of the city to house their ex pats to work in USA. Cheaper to own a corporate apartment than house an employee at a five star hotel in Manhattan.
trust funds are FLUSH once again. Let the buying, partying, drinking,…. commence
I am truly surprised.
There is a huge overhang of Williamsburg condos and lots more still on the way in 2011. Whether you are a bull or a bear, supply and demand still applies.