Standing Room Only at The Locale Condo Auction
Curbed has the results of yesterday’s auction of The Locale in Greenpoint. The 16-unit condo auction was held by Sheldon Goode at the New York Marriott and by the sound of it was quite effective. Only five units ended up being sold via live bidding; after that, the developer had interested parties submit private offers….
Curbed has the results of yesterday’s auction of The Locale in Greenpoint. The 16-unit condo auction was held by Sheldon Goode at the New York Marriott and by the sound of it was quite effective. Only five units ended up being sold via live bidding; after that, the developer had interested parties submit private offers. A fourth floor one-bedroom with 726 square feet went for $312,500 and a ground-floor studio with 908 square feet sold for $272,000. More details on the link.
On the Block RESULTS: Five Greenpoint Condos Sell [Curbed]
The Locale: Greenpoint Condo Auction [Brownstoner] GMAP
>>Uhhh…brownstones half off, stevieb. I don’t look at snapshot numbers. I look at camera-still-rolling trends.
Ah, BHO, I am afraid all the TARP money is going to end up in the pockets of undeserving wall street bankers who fancy brownstones in park slope and as a result, price hard working families like mine and Miss Muffett’s out of desirable neighborhoods for our kids.
I actually think it’s a decent location. That stretch of Nassau is a nice quiet residential part of Greenpoint and it’s only a block from the park. I also have no problem walking 10 minutes to the subway though.
Dad-dy, I wanna move to Williamsburg and try to start a band with some hipster friends from my New England liberal arts college….will you buy me a condo?
I’m, sorry, sweetie, times are tough. Have you thought about Greenpoint?
But, Daddy?
Sorry, honey.
Ok, I guess I can live in Greenpoint.
Yeah – this location is pretty uninspiring. It’s close to the park which is very nice. But transportation — uggh. 1/2 mile walk to the subway, that’s fine. BUT it’s the G-train! If I’m going to be dependent on the G-train, I’d want to live basically *in* the station.
who the hell would want to live all the way out there?
Uhhh…Greenpoint, pringler. The location is well east of the “Greenpoint” label on the map.
Uhhh…brownstones half off, stevieb. I don’t look at snapshot numbers. I look at camera-still-rolling trends.
***Bid half off peak comps***
BHO, you may not be getting your brownstones sold at half off, but you are getting condos in greenpoint sold at half off for sure! Congrats!
make that “Williamsburg/Greenpoint” prices
Prices didn’t end up quite as low as I thought they would, but this still supports the idea that Williamsburg/Brooklyn prices will probably continue to fall a bit.