Formerly Stalled Burg Build Will Go Condo
In what’s perhaps another sign of Brooklyn’s rebounding condo market, The Real Deal reports that 170 North 5th Street in Williamsburg will be a condo, rather than a rental. The development, which until recently was stalled, will hit the market this summer. Prices on the 16 units are yet to be determined, according to the…
In what’s perhaps another sign of Brooklyn’s rebounding condo market, The Real Deal reports that 170 North 5th Street in Williamsburg will be a condo, rather than a rental. The development, which until recently was stalled, will hit the market this summer. Prices on the 16 units are yet to be determined, according to the article, which notes that the mostly-built property was sold last summer.
Once-Stalled W’burg Condo to Hit the Market This Summer [TRD]
Work Resumes on Williamsburg Development [Brownstoner] GMAP
Unrelated question: There’s a number of nice condos in this part of WBurg. But I would die to commute to Manhattan via the Bedford Ave L stop every day. Do others see this as a major negative?
I agree with latter statement for than you know….
Condos and rental are back and there will be a condo shortage this coming winter…. just you watch!
what equity markets do one day is meaningless….
The huge bubble from 2002-2007 in NYC was NOT accompanied by an increase in employment, very very unusual
financing, irrational exuberance and being an international market did it….
so what nyc equity markets do is really a small part of equation willie-b is an international market with direct manhattan access
There are SO many signs of the turn, really silly to discuss..if it wasn’t you, one of the smartest posters, i wouldn’t bother…
CH, yes, I understand but the equity markets are tanking this morning, and no one really knows what the rest of the year will bring. So lets wait until the units sell before we conclude that this is a sign that condos are back.
I think coops are back. Many do not want to reside in a building where all of your neighbors can be transient renters -and where a large number of units could be owned by a single owner who rents them all out. We were reading about that problem last week.
MF, it a sign because developers, investors and their banks agreed to do it due to conditions these are folks with some market knowledge and have a lot of money in the thing
“this should be easy to sell I’d think. nice looking building and terrific location. ”
not if they price it way too high initially.
agree w/wber. why is it a sign if nothing has happened yet? The back and forth between rental and condo is a sign of indecision but that is about it.
this should be easy to sell I’d think. nice looking building and terrific location.
So it was a condo, then a rental and now condo. Though they haven’t sold or rented anything yet, so we’ll see what kind of sign it is.
Not that this shouldn’t sell. It’s a fantastic location and a good-looking building to boot.
“In what’s perhaps another sign”
Perhaps? isn’t this obvious to everyone… the customers who are paying attention know it, the developers know it, the brokers know it time for public