Another New Condo in Williamsburg
Add another one to the long list of Williamsburg condo buildings that have launched this summer: 99 Havemeyer Street, at Hope, is a six-unit building with a private garage, 17-foot ceilings, and floor-to-ceiling windows. StreetEasy shows that sales at the Scarano-designed building got underway in mid-June but haven’t exactly been sizzling, with just one unit…
Add another one to the long list of Williamsburg condo buildings that have launched this summer: 99 Havemeyer Street, at Hope, is a six-unit building with a private garage, 17-foot ceilings, and floor-to-ceiling windows. StreetEasy shows that sales at the Scarano-designed building got underway in mid-June but haven’t exactly been sizzling, with just one unit in contract so far. Prices range from $630,000 to $690,000 for these one- and two-bedrooms. GMAP
I looked at this a few weeks ago since the price was reasonable and the idea of having a private car port was attractive.
I was unfortunately disappointed in the size and layouts of the units (note: Layouts reminded me of the 1953 “Relativity” print by M.C. Escher). There was one unit which has some size to it with nice outdoor space but a vast amount of floor space was in a windowless basement which is fine if you are a member of the mole family or want to grow something under ultraviolet lights that the government doesn’t want you to. The other downside of these units is the cheap appliances, but that is what you get for pricing south of $500 Sq/Ft
It is unfortunate that the great idea of a private car port with every unit didn’t extend to the mainstream idea of usable living space.
Hello Everyone! I am the broker representing this project. I just want to mention that the 2nd unit signed over the weekend (not reflected on Streeteasy yet) and I have a third unit in contract review. Once the 3rd unit signs, 99 Havemeyer will be 50% in contract and cleared for closing as soon as we have the certificate of occupancy. If you are interested in seeing the building please contact me for a showing or just visit my regular Sunday open house.
“why do these developers even try to sell condos like this, especially knowing new rentals in the nabe have been a slam dunk this summer?”
Loan was probably underwritten for sales, not rentals. Rental would likely require additional equity from the developer. And it only takes 6 people to sell out.
i like this corner a lot. it’s very tree lined around there – charming little deli across the street, and within a block or two – st. anselm, fette seu, knitting factory, atlas cafe, the Lodge, pop clothing, paul smith, the hogar collection gallery, spuyten duyvel, etc… there’s even a big clean c-town 2 blks away. great location.
the 1300 sq ft + place is under $500 psf, so that may get sold. like the parking and the storage.
considering that you can walk to the L, the G and the JM from there pretty easily, really like this location.
fyi: think this pic is strange – bldg looks different in person.
why do these developers even try to sell condos like this, especially knowing new rentals in the nabe have been a slam dunk this summer?
Let’s put it this way…I wouldn’t want to be that one person holding the bag as the only one to have bought a unit so far.
Who is so brave (or stupid) to buy that first unit not knowing if anyone else will purchase??
From the realtor’s blurb on Street Easy:
“There is nothing cookie cutter about this Bauhaus inspired boutique luxury building – each of the 6 residences is truly unique.”
Discuss.