Williamsburg Condo With Deeded Parking, Two Baths, Two Balconies Asks $1.395 Million

In all fairness, this two-bedroom condo on North 5th Street has some advantageous qualities.

by Stephen Zacks

02/26/2019 4 minute 0

Put aside the clumsy marketing of this 40-unit condo building as the NV — envy, get it? — and the voluminous (and at times perhaps unbalanced) critiques of architect Karl Fischer’s prolific residential work as mediocre. In all fairness, hidden behind the prefab curtain-walled green glass and brushed steel facade, this two-bedroom, two-bath condo at 101 North 5th Street has some advantageous qualities, including 963 square feet of space, a deeded parking spot, two balconies, 11-foot-high ceilings, and big windows on two sides.

Completed in 2009 during that era when the condo boom in Williamsburg ran headlong into the 2008 mortgage-backed securities crisis, it was developed by Michael Morton of Boca Raton, Florida-based Morton Group. Fischer turned out no fewer than 50 apartment buildings of a similar design quality in Williamsburg during the decade.

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The master bedroom looks squeezed in the images, with the bed wedged between the closet and the HVAC unit — it’s unclear if there’s enough room to open the closet doors — but that could be an effect of a wide-angle camera lens. The big windows are pleasant, as is the balcony just beyond.

The en suite bathroom has a double sink and separate glass-walled shower and bathtub. The cabinets shown here and in the kitchen appear to have a good quality of design and construction. The countertops are Caesarstone and appliances Bosch.

The open kitchen has a breakfast bar with seating for four. The living room appears slightly larger than in much new construction, and the big windows are attractive and lead out to a small balcony. The oak floors throughout look decent if fairly uneven in color.

A second bedroom is set up as an office in the photos; a second bathroom is off the hall. There is also in-unit laundry and four closets.

The amenities include a lounge and fitness center. The coveted aforementioned deeded parking spot comes with a monthly charge of $75.93. Monthly common charges are $861 and taxes are $41 — the abatement expires in 2025.

The location is a block from Bedford and a couple of blocks from the waterfront. The L-train reprieve will presumably help the sale of this place, only three blocks from the Bedford station.

Purchased in 2009 for $748,413.75, according to ACRIS, and listed by Julie Cohen of Compass, apartment 4D is now looking for $1.395 million. Is it a good deal for the location?

[Listing: 101 North 5th Street | Broker: Compass] GMAP