Condo of the Day: 50 Bridge Street
Even though 50 Bridge Street is on the wrong side of the tracks (in terms of property values), $600 a foot is still mighty low for Dumbo. Granted the layout is kinda long and skinny and it has a rental-caliber kitchen, but $699,000 for 1,164 square feet is eye-catching, especially given the combined monthly charges…
Even though 50 Bridge Street is on the wrong side of the tracks (in terms of property values), $600 a foot is still mighty low for Dumbo. Granted the layout is kinda long and skinny and it has a rental-caliber kitchen, but $699,000 for 1,164 square feet is eye-catching, especially given the combined monthly charges of just $286. Unfortunately we can’t find any comps for this building. Are any readers familiar with it?
50 Bridge Street [Century21] GMAP P*Shark
As per Wikipedia (I know, I know), Vinegar Hill stretches from the East River waterfront to Front St and from the Brooklyn Navy Yard to Bridge St, roughly comprising a six block area.
Definately DUMBO, not Vinegar Hill — which is really only that one street right by the Navy yard. But, this thing really is close to that electric station. I lived in DUMBO years ago, and that place (the electric station) always creeped me out with its strange pops and crackles. I’m sure its safe, but I always worried that my brain was getting fried as I walked by. Can’t really imagine living beside it.
As downtownbrooklyn correctly points out, the building is in the historic district and from a typological standpoint, I would say it looks a lot more like DUMBO than Vinegar Hill. The paint job is an abomination, however.
“It’s also pretty desolate around there, which is something we weren’t entirely comfortable with.” There’s no accounting for (my questionable) taste, but I would rather be some place “desolate” then in the heart of DUMBO.
one thing about this building is I believe that only some of the floors are residential, while lower floors have remained commercial, right?
city planning’s proposed rezoning of the area is definitely going to change some things for the better around there
This condo is within the boundaries of the Dumbo Historic District.
we looked at some apartments in this building about 8 months ago. The building is nice, but it’s in a weird area for the following reason – a lot of the warehouses in Vinegar Hill that could be developed into really cool apartments are sitting vacant right now until the zoning laws are determined for the neighborhood – therefore, the buildings surrounding this one may sit vacant for a few years or may be knocked down and turned into big glass towers. It was hard for us to justify making an investment in a neighborhood that we might not like in 2 or 3 years. It’s also pretty desolate around there, which is something we weren’t entirely comfortable with.
This is actually Vinegar Hill. I attended several open houses in this building and I’m glad we walked away. Most of the apts are “loft-like” spaces without separate rooms so this owner probably put up the walls to create the bedroom.
“Calling All Investors!”
Huh? Is it currently rented, and is delivered with a tenant?
I’d say everything west of Bridge is DUMBO. I would be inclined to rip out the “home office” — it’s not on the floor plan, so it may be a tenant addition — and re-do the kitchen and suddenly the price is more than I would want to spend.