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]
Completion date?
Does anyone know when construction will begin?
Its been in the planning stage now for twenty years.
2010.
Any guesses as to the completion date of the park? I’ll take the year 2020.
“Are you selling there units”
I don’t answer questions to people who don’t have a general and basic understanding of the English language.
“it isn’t overpriced for the 125 people who have contracted these apartments, despite 11 price increases.”
It’s overpriced b/c it’s a dump in a terrible area and there is a glut of great condo in better locations. Are you selling there units?
“overpriced…”
it isn’t overpriced for the 125 people who have contracted these apartments, despite 11 price increases.
it is overpriced if no one buys them, which is clearly not the case.
it’s overpriced for YOU. that’s all.
Perhaps because the prices are as high as manhattan and
–it isn’t in manhattan
–it is in a nasty polluted section of the bqe
–it 10 minute+ walk to the subway, and groceries are almost that far
–that section of furman/atlantic is pretty forlorn late at night
–there is no park and won’t be for a few years
overpriced…
Is it doing well? stalled since august? You can factor in some cancellations now as people look at their financing options, and their bonus, and go: “I’m looking at the BQE, city funding is getting cut back, and I need cash-flow of 5k a month for this? what the hell am I thinking?”
they should just combine all the units by twos or threes, so it becomes a playground for the hyper-wealthy. Those are the only people who don’t care about economic realties.
I think the main reason the sales have slowed down a bit here are the, I believe, 11 price increases they’ve had. After selling 100 units so quickly they probably feel like they can take some time to get the max price for the rest as the project has shown that it is/will be successful.