Details on the Finger's Pricing

The Journal brings word of Williamsburg’s Finger Building this morning, noting that the condo—now officially going by “144 N. Eighth St.”—will officially hit the market later this month, with prices running from $550,000 to more than $2 million. The news about the formerly controversial building is couched in an article about how new development is faring in Williamsburg these days, and the verdict appears to be out. One developer says that a big increase in land prices over the last 18 months isn’t justified since the “market is still waiting to stabilize.” Others, however, contend that there’s pent-up demand for residential inventory, citing examples like the brisk recent sales at the Edge as well as a bunch of formerly stalled developments, such as 111 Kent Ave, that have now been launched as rentals.
Rebirth Seen on Brooklyn’s Hip Streets [WSJ]