Update on One Brooklyn Bridge Park
As of the end of last week, 100 units at One Brooklyn Bridge Park were in contract and another 25 were “pending,” according to Stribling’s lead broker on the deal, Jeffrey Stockwell. While the last couple of months hasn’t been exactly gangbusters (developer Robert Levine was trumpeting the 100 number back in August), brokers on…
As of the end of last week, 100 units at One Brooklyn Bridge Park were in contract and another 25 were “pending,” according to Stribling’s lead broker on the deal, Jeffrey Stockwell. While the last couple of months hasn’t been exactly gangbusters (developer Robert Levine was trumpeting the 100 number back in August), brokers on the project are looking to bonus season as the real test for appetite for this building. So what’s selling best? According to Stockwell, the cheapest and the most expensive units. That is, the ones facing the BQE and the penthouses with the killer Manhattan views. (The $7,750,00, 4,600-square-foot triplex penthouse is now spoken for.) Also of note: Demolition of the warehouses on the pier is reportedly set to begin by the end of the month; the contractors are already setting up shop in a nearby building.
360 Furman Street Listings [Stribling] GMAP
One BBP: 100 Contracts in 100 Days [Brownstoner]
Actually there are 2 very like projects going on right now in Brooklyn Heights, with better locations and will have much better units than this dump! Sales are slow here and you’ll see the price decreasing soon enough!!
Charges + taxes are actually very reasonable with J51 abatement. ($1500 all-in for a 3br)
Buying in this building requires a leap of faith in the park devt and visualizing what the whole area will look like once park is there in 2-3yrs. (this includes furman st which I agree can look a bit seedy now)
Price isnt cheap but there is no other condo product in brooklyn heights approaching the standards of this building. Walking distance to corner of hicks and montague is 4mn. On the subway platform in 8mn (I timed it coz I bought there).
If you call the brooklyn park devt office they confirm construction has begun. A calculated risk. If goes as planned, should be a wonderful place to live…
the windows are funcky in this building and commong charges are high and will only get higher. go to dumbo if you want views. those buildings have low common charges
I walked with my children on a few occassions from cobble hill to the floating pool this summer. The pool was next to this building. It was a dangerous and grim walk. I know it is close to brooklyn heights and some of the building has nice views, but the front entrance is so grim. I can’t believe that people would buy at this location. A family could never let their child walk outside alone without fearing they would be hit.
This park has been in the planning stages for 23 years. In that time, I grew up, went to high school, got drunk under the bridge, moved away, came back, and the only green growing is the weeds.
Furman st. is still littered with condoms and crack vials. God forbid you should get stuck at night down there. The homeless guys still camp out in the bushes near the BQE across the street from this condo.
Why someone would pay this kind of money for this crap escapes me.
I know of someone in contract at 1BBP and their estimated move-in date is now September 2008 versus first quarter originally. Anyone else have similar delay stories – presumably so.
I have heard that “work will commence in the spring” now about five times. This park is a project that never seems to get off the ground.
technically, the empire state park is part of the plan, so that was started and completed. BBP is supposed to start construction this spring and be 80% completed in 2 years
“I don’t answer questions to people who don’t have a general and basic understanding of the English language.”
It’s a typo. So you are involved in selling that dump? Good luck sh*thead.