Come On and Take a Free Ride (at Northside Piers)
As Curbed picked up on yesterday, The Real Deal reported that Toll Brothers is now offering potential buyers at its Northside Piers project on the Williamsburg waterfront a free ride for the entire first year. That’s right, the whole kit and kaboodle: Mortgage payments, common charges and real estate taxes. The offer’s good through the…
As Curbed picked up on yesterday, The Real Deal reported that Toll Brothers is now offering potential buyers at its Northside Piers project on the Williamsburg waterfront a free ride for the entire first year. That’s right, the whole kit and kaboodle: Mortgage payments, common charges and real estate taxes. The offer’s good through the end of August. Too bad the days of 95 percent financing are behind us!
LIC is still looking like a wasteland – ie not worth the time to monitor unless prices are like 200 sq ft
Speaking of potentially effed neighborhoods on the east river with nice views – anyone hear what’s up in LIC lately?
totally m4l – I’m really interested to see how this will play out. It’s definitely a real estate perfect storm.
DH, anything is possible as far as how cheap these babies can be so key is save up for the down payment and pounce when price drop into range
I’ll say it again wine lover. You have proved yourself a racist on this blog, and I don’t care to interact with you.
You are filth.
DH and M4L – I hear you loud and clear. And agree. Mostly.
Everything is appealing at the right price. If someone is buying (anywhere) now and is worried about reselling anytime soon, they are in for a rude awakening.
Once the market sorts out this whole williamsburg inventory mess, and prices are dropped accordingly – these buildings WILL fill up, more retail will continue to open, and Kent will go through the drastic changes Bedford, Driggs, Grand and other major williamsburg strips have undergone
And while we are all savvy about the asthetics of homes in brooklyn – some people just don’t care and are more interested in the interior space.
Will someone be able to flip one of these places dumbo style in 3 years and make a half mill? hell no. But 10-15 years who knows?
I really can’t see apartments in a neighborhood 1 stop from manhattan that has tons of ameneties being priced at a 30-50% discount from the rest of brooklyn forever.
11217, I’m real greedy. I’m hoping some of those massive penthouse units with water view could be had for 400 sq ft. so I won’t be planning to sell for many yrs down the road. and when I do sell, breaking even is fine. Nothing is a guarantee but if a premium penthouse unit could be had for 400 sq ft, I’ll take my chances
11217 – down the road, northside piers will still be on the waterfront with many apts having world famous views. i have a friend who is buying a 2bd on a very high floor in #1 with shocking views. he is a WB person anyway, wouldn’t live in another hood, so he’s thrilled.
what does dated mean also? the exterior? interiors are all decorating. appliances and things like colors and wallpaper can be changed 10 years down the line.
one thing you non-WB people don’t realize is that the rental demand is still very strong here. my friend rents out her condo, and had a tenant move and got another in ONE day for more rent. people just moved in. new condos with central A/C and appliances and washer/dryers are always going to be desirable, and the commute to manhattan is frickin easy and short.
yes, the recession sucks, yes, real estate is in the toilet, but WB is the best (in every single conceivable amenity while being a major cultural player especially in music, clothes, and art) and closest hood to Manhattan in Brooklyn, so so what?
M4L – I’m just curious when you say you’d be interested in one of these for the right price. Can you imagine how difficult it would be to resell one of these places down the road when they are even more dated looking than they already are now and no longer new, if they are having this difficult a time selling them now…?