Condo of the Day: 55 Berry Street, #5D
55 Berry is positively old-school when it comes to the condo-ization of Williamsburg—some listings at the converted knitting factory came on the market as long ago as late 2005. This particular 1,168-square-foot loft on the fifth floor has been kicking around since then, with its asking price getting as high as $930,000 in early 2006…
55 Berry is positively old-school when it comes to the condo-ization of Williamsburg—some listings at the converted knitting factory came on the market as long ago as late 2005. This particular 1,168-square-foot loft on the fifth floor has been kicking around since then, with its asking price getting as high as $930,000 in early 2006 before selling somewhere south of that in 2007. Halstead got the listing for the resale last month and just trimmed the asking price last week to $839,000. We love this kind of large-windowed, high-ceilinged space. Bachelor paradise.
55 Berry Street, #5D [Halstead] GMAP P*Shark
Building photo from Curbed
Sorry – rents Grand L stop and out are falling. Bedford and Lorimer are up at least 15% from 2 years ago.
“And speaking of that, wow (no pun) but rental prices in Williamsburg seem to be falling quite impressively.”
Absolutely wrong Heather – I’m officially priced out. What are you basing that on? My landlord just raised the price of my current apartment I’m moving out of 30% and it rented in a day.
– hand made yarn from Tibet
LOL
Is that what they’re collecting these days?
I think most people play WoW on the easily concealed laptop these days, Maly. But yeah, no idea why you’d BUY this for $800K-plus when you could rent it for $3200. And speaking of that, wow (no pun) but rental prices in Williamsburg seem to be falling quite impressively.
Fair enough Maly – regardless
500k though? Fair comp would be in today’s “Last week’s biggest sales”
The unit in the mason fisk a block away closed for 750/psf and it also doesn’t have 2 real bedrooms (1 real and one home office)
There was also a similar unit in mill that traded a couple months ago for close to 800 psf i believe.
I agree with you about Gretsch – but many people believe Berry/N9th >>>>> Broadway/Wythe (I personally don’t)
Maly, don’t underestimate how some people (with the massive “easy come easy go” Manhattan home appreciation equity) can spend very loosely on ppties. For many of us who look at that price and compare that to our salary, we get sticker shock and find it super expensive. but for someone who stumbled onto $1M-1.5M easy gains on a tribeca loft, overprice just never enters their head when they stare at this unit (ie doesn’t even trigger a quick mkt comparable search)
Fine, but wouldn’t you single-forever hipsters like to have a game room or craft room to hide your most precious possessions (whether WoW dedicated computer or hand made yarn from Tibet), when you invite all your hipster friends for all night parties?
I am just saying, your needs might evolve.
“It’s a studio apartment in a area in which condo prices are crashing fast and have a ways to go. 500K max.”
Too bad all those jerkoffs with 5 million dollar studio apartments in Soho didn’t consult with you first.
It’s a loft. And I’m sure this may come as a shock to most of you Brooklyn breeders, but not everyone has kids and needs 5 bedrooms.
But hey – Trojans are only 99% effective, better buy a brownstone in Bed Stuy just incase.
Does the owner wear 5 watches when not at home?