New Burg Condos Come to Market
The supply of new condos in Williamsburg continues to come online. A couple new ones—one on the South 1st, the other on North 5th—have hit the market in the last couple of weeks. The Rialto, on 5th just off Bedford (above left), is being handled by the Developers Group, with current prices going from $625,000…
The supply of new condos in Williamsburg continues to come online. A couple new ones—one on the South 1st, the other on North 5th—have hit the market in the last couple of weeks. The Rialto, on 5th just off Bedford (above left), is being handled by the Developers Group, with current prices going from $625,000 for an 839-sf, 1-bed, 1-bath to $1,225,000 for a 1395-sf 2-bed, 2-bath with outdoor space. The listings for the building, which has 31 units, talk about how it’s a carriage house conversion with “exclusive finishes, cutting-edge state of the art appliances, and a sleek design.” Bien sur. Meanwhile, a building called the Soleil on South 1st Street between Havemeyer and Marcy (rendered above right) has listings up on aptsand lofts’ site. The eight units advertised range from $489,000 for a 1-bed, 1-bath of unspecified square footage to $615,000 for another 1-bed, 1-bath, square-foot total also unknown. (The development’s official website shows some layouts with living rooms that are 22×12 and bedrooms that are 13×11). Think this one’ll have a sunny future?
Rialto Listings [Developers Group] GMAP
Soleil Listings [aptsandlofts] GMAP
I’m an irish investor. Is North 5th St Williamsburg a good option for long term investment?
After spending two years watching the Soleil rise, I have to say I am dubious they’ll get that much. From what I’ve seen from the exterior and from what I garnered from the website, there are two apartments per floor and the price just goes up according to the view. Admittedly, the views from the upper floors are probably great, but… I’m curious about the number of one-bedrooms coming to market in Williamsburg vs. family apartments and how that inventory glut will affect pricing going forward.
3:59 —I love Williamsburg, I like going out there and yes, restaurants are among the best in Bklyn. But, man, is it crowded. A few years ago I remember Bedford being this sleepy street and now it feels like a mutant version of Avenue A. Restaurants are packed, much like Manhattan….and the train in the morning is a mess. And with all the new construction, it’s only going to get worse.
it is a strange, sad fact of this blog that no matter how honest, straightforward, or valid the post, it will get criticized in some malicious fashion. (in re: 3:59) it’s probably what keeps most of us posting as guests. I know it does me.
it is a strange, sad fact of this blog that no matter how honest, straightforward, or valid the post, it will get criticized in some malicious fashion. (in re: 3:59) it’s probably what keeps most of us blogging as guests. I know it does me.
4:20 – because i’m a brooklyn enthusiast, and many posts are now not about brownstones or Park Slope
4:18 – developers group tool? are you speaking to me, 3:59? what does that mean. i’m not in real estate and have never bought or sold anything through them. have zero connection to them or apts and lofts or anyone in real estate for that matter.
There is a second “wing” of this building on North 4th that was some sort of garage, may have even been a stable in a past life. It was added onto as part of this project. Probably not a carriage house in the technical sense, certainly not a carriage as we would think of “converted carriage house”, but it could have been a building that once had a carriage in it.
I guess the description is as accurate as their square foot measurements.
Okay, 3:59, valid points, but…
why are you reading/posting on *brownstoner*?
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Developers Group Tool.
So sad.