Condo of the Day: Mill Building Raw Flip
The $2 million sales price that we reported last month for a 2,173-square-foot unit on the sixth floor of the Mill Building in Williamsburg clearly has first-round buyers of the sold-out development licking their chops. One such owner just put a pair of adjacent fifth-floor apartments that originally cost a combined $1,760,000 on the market…
The $2 million sales price that we reported last month for a 2,173-square-foot unit on the sixth floor of the Mill Building in Williamsburg clearly has first-round buyers of the sold-out development licking their chops. One such owner just put a pair of adjacent fifth-floor apartments that originally cost a combined $1,760,000 on the market for $2,102,000. Together, they offer 2,628 square feet of space, quite a bit more than the sixth floor pad. The catch? These babies are raw. Still, we could see it happening.
Units 501 and 502 For Sale [Manhattan Living]
Unit 502 For Sale [NY Times] GMAP
those spaces need months of labour. keep ’em.
or like the broker (2:23) said, “if you like it make an offer.” I’d offer $1.25M TOPS. they likely need plumbing, electrical, HVAC updates to make ’em livable.
For this price I’d much rather have the HOTD in Fort Greene…
2:23
If you are the kindof person that lives in Williamsburg, I now know why I, and so many others hate it.
Your post is the most obvious broker babble I’ve ever heard in my life.
Your last line is laughable. Why would someone not involved with real estate, encourage people to make an offer.
Your Barney’s vs Food Co-op comment is also a good one. It’s somehow better to waste our money on overprices merchandise made in sweat shops than it is to eat organically with food grown close to New York?
Ah ok. I think I’ll stick to what I like, but thanks for your words of wisdom.
not too much inventory in williamsburg. that is very short run thinking. there continues to be a high demand for housing in this city which will only increase.
williamsburg is an amazing neighborhood very close to the city. can get home in a cab in under 15 minutes from soho. also, walk home 1 -2x per week.
if you personally don’t like it, bet you never lived there or you probably just don’t care about fashion, music, photography, design, etc… and having people around you who do isn’t important to you.
williamsburg is the neighborhood that houses the business creatives – the hip, the happening, the folks that shop at Barneys and not in a food coop.
i bought a 7 figure condo there. very happy. the owners in the complex are successful and creative. it’s an excellent environment. neighbors are designers, musicians, writers, bar owners, clothing store owners, etc… cannot believe how lucky we are.
the restaurants are fantastic. the shopping is some of the best in NYC. tourists flock to these shops every weekend.
obviously, this is the brownstoner blog, but you have to understand that not everyone wants to live in a victorian style house. many prefer modern apartment living.
there was a resale in our building (original owner moved out of the country for biz) and the apartment just sold, in this market for a big profit.
it’s silly to act shocked that everyone doesn’t like the same thing – like 1:59’s “I can’t imagaine anyone would be stupid enough to buy in williamsburg at this stage of the market.”
if you are shopping and find an apartment you like, make an offer.
Why is our city so insane, 2:00. Seriously, I’m curious.
It was just said today that New York isn’t even the most expensive housing market in the U.S. San Francisco is…followed I believe by LA and then New York.
So why is it so insane? New York is the capital of the world in many regards. Oh yeah…and a large part of it is an island. You don’t think we should have high land and home values?
People spend this kind of money on a similar sized home in New Jersey or Connecticut, why not one of the greatest cities in the world?
I’m confused.
I agree, 1:59.
Although this might be a step up from the other crap over there.
Either way, WAAAAY too much inventory coming on the market in Williamsburg.
We live in an insane city.
I can’t imagaine anyone would be stupid enough to buy in williamsburg at this stage of the market.
not beyond the realm of possibility