Stribling Closes at 1BBP, Optimistic About Spring
It hasn’t been an easy few months at One Brooklyn Bridge Park (a Brownstoner advertiser), what with the slow sales market and question marks surrounding the future of the park itself, but the 449-unit loft conversion on the Brooklyn Heights waterfront got a little psychological and symbolic boost yesterday with the news that Elizabeth Stribling,…
It hasn’t been an easy few months at One Brooklyn Bridge Park (a Brownstoner advertiser), what with the slow sales market and question marks surrounding the future of the park itself, but the 449-unit loft conversion on the Brooklyn Heights waterfront got a little psychological and symbolic boost yesterday with the news that Elizabeth Stribling, whose eponymous firm is the exclusive agent on the property, closed on her highly-publicized deal to buy two adjacent penthouse apartments for a record-setting $6,600,000. In addition to views of lower Manhattan, the pad has 3,442 square feet of indoor space and 1,900 square feet of outdoor space. Stribling used the occasion to put some positive spin on where we are in the sales cycle: “An uptick in activity is noticeable all over, and certainly at open houses. Prices have come down, and buyers smell opportunity in the air,” she told The Real Deal. Developer Robert Levine is helping the process along by picking up closing costs and helping buyers with financing, though listing price reductions have been few and far between.
Stribling closes at One Brooklyn Bridge Park [The Real Deal]
Tough Times at One Brooklyn Bridge Park [Brownstoner]
What’s New at OBBP [Brownstoner]
Exactly Biff, walking away from this deal when her eponymous brokerage is exclusive broker – now that would be cojones.
“Her 3,442-square-foot unit has 1,900 square feet of outdoor space…”
That outdoor space is twice the size of the average 20 X 40 brownstone yard!!!!!
Danny, I agree in general regarding the fumes and was making a joke. However, if you aren’t one blessed with one of the good views, you will be staring out onto the BQE. I think those units have awful views and I think the fumes and noise will be worse than for the people living on Columbia Heights.
Truth is, she couldn’t back out of this even if she wanted to. It would be disastrous PR for a real estate firm to have it’s leader do something like that, especially in the face of a potentially significant downturn. How could she admit she made a poor real estate investment decision and still maintain credibility? She has no choice but to put the most favorable spin on things.
someone who lives on columbia heights is breathing the same air as in this place, yet no one would ever make a comment about the “fumes” for one of those houses.
i think the issue about proximity to the bqe is way overblown.
> “Real estate is an excellent investment over the long term”
Agreed. But that doesn’t make it smart to buy at the top when the gaping maw of depreciation lies in front of you.
Yes, she most be brave having so much money. And good and beautful no doubt.
Real estate is an excellent inmvestment over the long term. And, like other collectibles such as art, coins, and automobiles, the highest quality pieces do the best over the long term.
Team Bear, care to comment on this specific issue?
“you mean the cojones not to walk away from a deposit big enough to buy a house?”
practically everyone in America owns or lives in a house. But a 6-million dollar penthouse overlooking NY harbor -now that is something pretty special.
I like Elizabeth Stribling, I can understand the snipping at her, she is a grande dame of the old school. But she still has more cojones than most of the wimp posters on this site who are afraid to breathe lest they ruin the planet and who espouse that our society go backwards rather forwards.