Condo of the Day: 1 Northside Piers, #15D
Here’s one casualty of the real estate bubble in Williamsburg: After buying this two-bedroom, two-bath unit in the first Northside Piers building last summer for $1,082,490, the new owner is now trying to unload it. She put it on the market ten days ago for $1,299,000 but by Friday had cut the price to $995,000….
Here’s one casualty of the real estate bubble in Williamsburg: After buying this two-bedroom, two-bath unit in the first Northside Piers building last summer for $1,082,490, the new owner is now trying to unload it. She put it on the market ten days ago for $1,299,000 but by Friday had cut the price to $995,000. So now even if she gets ask for it, with the brokerage commission she’ll be out $130,000 or so. Painful. Nice views though!
1 Northside Piers, #15D [Halstead] GMAP P*Shark
infinitejester, it’s a ton, obviously, but compare to what Crain’s is “reporting” (especially when the 2,800 is supposedly new listings, which would be on top of what’s already out there, which makes up much of what I counted). It’s clear there’s a lot of bad info out there.
Jesus Christ! That many??
I forgot to add…one other reason I feel NOOOOOO Pity?
“She put it on the market ten days ago for $1,299,000….”
Tells you a little about the mindset of the seller, now don’t it?
“I feel bad for this seller.”
I feel sorry for the working poor who don’t have proper health care. Or just about any other segment of society than people who purchased 1 million dollar condos in the North East’s version of Miami Beach.
If they couldn’t afford it, shouldn’t have bought. If they have to move, short of deserving pity for serious illness, maybe they should have bought somewhere with a snowball’s chance in hell of renting to weather the storm.
Quick tally of northside condos that are currently available, or in a state of completion that should put them on the market in the next year or so (I’m sure I’ve missed a smaller development here and there, feel free to add):
1 Northside Piers = ~50 units left
2 Northside Piers = 270 (don’t think anything’s in contract)
The Edge = ~475 (tough to know exactly, given limited info)
125 N10th = ~45
20 Bayard = 21
268 Wythe = 12
Warehouse 11 = ~100 (??), unclear what will happen
80 Met = ~70
Ikon = ~12
101 N5th = 7
Rialto = 11 left
129 Met = ~10 left
111 Kent = 63
14 Hope = 20
Aurora = 2
Aqua = 3
229 North 8 = ~50
90 North 5 = ~8
North 8 = 3
Sevenberry = 4
Mill Building = 3
218 N8th = 3
136 Met = 9
349 Met = 21 (??)
Total comes to 1,272; let’s say 1,400 to be generous. Now that’s quite a lot, but where are these 1,400 additional units coming from?
Can I put “FAIL” in the widget?
Can I put “Ugh” in the widget?
16D is on the developer’s website for 940k. You’d be an idiot to pay more than that for a lower floor.
What terrace? Nothing mentioned in the listing.