96 Rockwell Place Sales: Over the Halfway Hump
In his letter to the editor of the Brooklyn Eagle yesterday, DBP head Joe Chan tried to refute the paper’s earlier assertion that residential sales were flagging Downtown Brooklyn by throwing out stats about some of the highest profile projects in the area. We were interested to read about the progress at 96 Rockwell Place….
In his letter to the editor of the Brooklyn Eagle yesterday, DBP head Joe Chan tried to refute the paper’s earlier assertion that residential sales were flagging Downtown Brooklyn by throwing out stats about some of the highest profile projects in the area. We were interested to read about the progress at 96 Rockwell Place. Back in August, we reported that 15 out of the 37 units were in contract. In Chan’s letter, he notes that 58 percent of the apartments are now sold. That number jibes with 21 listings currently tagged as being in contract on the Halstead site. While this is nothing to sniff at and we happen to like this place’s prospects, that clearly marks a deceleration in the pace of sales: 15 in the first four months and 6 in the past seven months. Eight of the units will be on view at the open house on Saturday from 2 to 5 p.m.
96 Rockwell Listings [Halstead] GMAP P*Shark DOB
Checking In on 96 Rockwell Place [Brownstoner]
New Development: 96 Rockwell Place [Brownstoner]
The problem with this is that the city is taking over the building directly across the street from it and adding a bunch of stories to it blocking the city views on Rockwell and any light. Then there’s the construction scheduled for the next 5-10 years on that block. The building is nice but living there is going to be noisy and dirty for at least a decade. Buying on the Flatbush side is a safer bet.
here’s the Booklyn Eagle Article
http://www.brooklyneagle.com/categories/category.php?category_id=10&id=19140
zinka: look at curbed’s picture from last month compared to the one above. obviously work is going on up top: http://curbed.com/uploads/2008_02_Rockewell.jpg
Seems overpriced to me when considering the neighborhood and other locations.
CC seems high as well.
12:07: Forgive me, but I trust the DOB website over an anonymous blog commenter.
And actually the 2BR’s are a lot more than Forte. Forte’s 2BRs start at $649k.
Actually, the stop work order was lifted. for whatever reason, the DOB website has it still as a partial stop work order but they are working on the addition with their permits posted. I believe it was lifted early February.
as far as better prices vs competition, the 2 bedrooms are less than forte and hanson and 1 bedrooms run about the same.
Anyone find a link to this article? I can’t find it on the Eagle website.
Don’t worry, I’m sure there’s an excuse coming with why this isn’t really a slowdown and how by 2008 year end, prices will still rise.
Now if only they could do something about the stop work order that has been in place since *October* on the roof addition… there has been no progress above the old roofline since then. Unbelievable.