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
Horribly overpriced. For $820,000, I could buy a real 2 bedroom, 25% larger, at the Gretsch. No wonder they have difficulties. It’s also a less desirable long and narrow layout with windows on one end. You could come from Manhattan with a large downpayment, want to live in Williamsburg, and yet know how to compare listings.
It’s a studio apartment in a area in which condo prices are crashing fast and have a ways to go. 500K max.
Very nice, large studio that could be remodeled to b a less-than-ideal one-bedroom. No more than $660K and it has to be the right person (not even sure a couple would want this space).
if you got Manhattan ppty to trade in, this price is cheap and easy to rationalize. I suspect that’s why Dumbo is able to sell so many of those loft units at lofty prices – ie if one sells pad in tribeca before buying in dumbo, dumbo prices are dirty cheap. I suspect that’s what’s going to happen to this one – sells close to ask.
It’s also available to rent @ 3,200, which is actually cheaper than most newer 2 bedrooms around here (granted most others have 2br/2ba and this only has one bath)
suprised you didn’t mention what a hard time this building had selling… curbed used to gossip about it weekly…
http://curbed.com/tags/55-berry
many people bought apartments there that are worth less now… not sure how much this person paid though, too lazy to look it up…
@ $650 psf, it’s $759,200. apparently no central air, so points off for that. great location, so add back a couple of points. not a real 2 bedroom, points off again. pics look nice though.
If you happen to catch wind of which bachelor ends up here please send him my way. I personally don’t know of any with taste this good.
– Currently set up as a one bedroom, this space can be easily converted to a one bedroom plus home office.
NO!!
Currently set up as a STUDIO with a home office that’s being used as a windowless bedroom, can be converted to a legal one-bedroom plus home office.