New Bushwick Condo Boldly Braves the Bear Market
In a sign of either bullishness or outright hubris, a new condo building is launching this week at 375 Menahan Street in Bushwick. Four blocks from the Wyckoff L train, the six-unit project will range in size from a 600 to 1,043 square feet and in price from $259,000 to $329,000. Five of the six…
In a sign of either bullishness or outright hubris, a new condo building is launching this week at 375 Menahan Street in Bushwick. Four blocks from the Wyckoff L train, the six-unit project will range in size from a 600 to 1,043 square feet and in price from $259,000 to $329,000. Five of the six units are one-bedrooms. Aptsandlofts.com has the listing. We shall see! GMAP
i like bushwick. think that what’s happening there is exciting. depends on your point of view of course. this does seem cheap.
where can you get new construction at $320-380/square foot? The maintenance and tax is also pretty low.
Maybe Brownstoner can have a recession special, with 1 bedroom listings with monthly costs under $1,600.
Bushwick is definitely on the far outer edge of gentrified Brooklyn, but at least the pricing of this building reflects it. The real hubris is to ask people to shell out 20% down and pay twice (or three times!) as much every month in mortgage/tax/maintenance than it would cost to rent.
Bushwick is a “pretty livable” neighborhood – 11 long stops to Union Square on the L train. I can’t imagine why anyone would want to buy there in a collapsing market.
Plus, you can now get the same value (per square foot) in much nicer areas. So unless Bushwick has some particular appeal to you, why bother.
Typical ignorant commments. Just the beginning of the worst housing crisis on record. Yeah, lets drop $300k in bushwick, a craphole that only gained a semblance of interest as the housing bubble speculation spread to crap areas…
Wow, even for bushwick, that’s cheap, and the places look nice. What’s the catch?
Well, 650 sq. ft. 2 BR? That’s hard to imagine.
Places look nice. The price seems right and this area of Bushwick is pretty liveable.
The units look neat and certainly are well-priced. For someone who has the downpayment and good credit, it’s a great way to freeze his housing expense to under $2,000.
Why no photos of the bedrooms? I’m guessing they are small…
I can see how the low maintenance would make it appealing…