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We finally took a tour of One Brooklyn Bridge Park and were very impressed with the size, layouts and design of the apartments. After a slow start (it’s the prices, stupid!) the waterfront development has been building some solid sales momentum in recent months. At this point, the building is 44 percent sold if you include contracts that are “out”. After some major reductions last August (when some one-bedrooms got as low as $325,000), prices appear to have found an equilibrium point: mini-lofts and one-bedrooms now start at $480,000, two-bedrooms at $935,000 and four-bedrooms at $2,275,000. The building is currently about 8 percent rented from, though sales are going well enough now that the developer is no longer offering new rentals. With the development of Brooklyn Bridge Park continuing to move along, we suspect the building will continue to be increasingly attractive to prospective buyers.
One Brooklyn Bridge Park Picking Up Steam [Brownstoner]
Price Cuts at 1 Brooklyn Bridge Park [Brownstoner]
Renting 1 BBP: ‘We Would Like Things to be Different’ [Brownstoner]
Rentals, Price Cuts and Loan Extension at 1BBP [Brownstoner] GMAP


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  1. I never saw the problem with the height of the windows in any of the units I looked at and would say the units themselves are pretty decent in terms of light, space, and finishes. Most of the negatives are well documented across the blogosphere… BQE (grime, pollutants, expansion joint/truck horn din, reconstruction disruption), distance to amenities/subway (former improving with recent openings in Willow Town, upcoming Pier 6 uplands), high common charges (in part due to ground lease, first increase of 5-6% to build a reserve fund is imminent). I’m also not that keen on the labyrinthine corridors or interior rooms (home office) implied by the vast footprint. As someone pointed out the park plan currently includes two new residential buildings directly to the South which would block views towards V-N bridge if they get built. I also agree that having the main entrance on Joralemon would have made more sense although the lobby is pretty cool once you get in there.

  2. The windows are too high. If you stand in your living room, you can’t look out the windows (well, you can look up out the window). You need to stand AT the window to see the view, assuming you have a view and the bars cross at just a bad level even for that.

    I do like the penthouse units with window walls and the corner wall units. But those are money

  3. I liked the units I saw there. Very roomy and stylish. Hi-lux by the bay, and across the street from Brooklyn Heights. If I were not such a stick-in-the-mud I would trade in my old jalopy for one of these.

  4. I don’t know about them not renting out the units anymore. My now-former downstairs neighbor just moved out last week to move into one of the apartments there that she’s renting from the developer. And I believe she negotiated down the rent considerably. She only signed the lease at the beginning of this month.

    I went on a tour of this building last year and I really liked a lot of the units. BUT: location, location, location. I don’t want to have to walk under one of the busiest freeways in the metropolitan area every day and not be able to open my windows because of fumes and noise. And the waterside units aren’t really much quieter since the building’s directly across from the downtown heliport.

    And why did the architect and/or developer locate the entrance on Furman Street, midway along a block beneath the BQE!? What were they thinking? Put the entrance on the south side of the building along Joralemon facing the park! What a stupid, easily avoided mistake.

  5. somehow I can’t believe many units are like that, Manhattanite….Doesn’t seem that many would even have balconies.
    The area right up against the BQE (at highway level) seems to be parking garage area.
    I don’t what ‘development’ you are talking about going up on other side….That would be the east river.

  6. So does anyone know when Pier 6 is actually going to open? I’ve been walking by for the last couple of months, and it keeps looking close (most recently they’ve laid down the surface for the dog run, which looks really nice!), but still can’t find out anything about an opening date…

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