That Was Fast! 72 Berry Sells Out
Call it the little condo that could: Williamsburg success story Mason Fiske, aka 72 Berry Street, is now completely sold out, according to its broker. The converted industrial loft hit the market at the beginning of March, and 17 of its 26 units were in contract by early April. Units in the project were asking…
Call it the little condo that could: Williamsburg success story Mason Fiske, aka 72 Berry Street, is now completely sold out, according to its broker. The converted industrial loft hit the market at the beginning of March, and 17 of its 26 units were in contract by early April. Units in the project were asking around $650 a foot on average, about $100 less than bigger projects in the neighborhood like Northside Piers, according to the Real Deal.
72 Berry ‘Only Thing Moving’ in Williamsburg [Brownstoner]
The Only Project Selling in Williamsburg? [The Real Deal] GMAP
cornerbodega, I bet you dont even understand what that cut and paste means. Most “Masters of the Universe” have been proven wrong lately. FOOL
I don’t take What seriously enough to bash him, or even read most of his posts. It annoys him.
I think BHO overshoots in his basic premise that prices will see a 50% drop but otherwise I don’t feel a need to bash him.
Cornerbodega is an idiot and I have bashed him plenty of times.
Dipster, rhianna just bought a condo on Greene street near us at work. and she’s covering the balcony with an awning so she has privacy. lol
*rob*
lechacal : I am not saying prices will be higher at the end of 2009, I am saying that prices will start to level off from declining. I am happy to be at the table, but you must admit the bashing should be towards BHO and the What.
Sebb, are you telling us you think prices will be higher at the end of 2009 than they are right now? Do you want to put that marker in the sand? You might as well – I’m giving you a seat back at the table and lending you a few dollars to play another hand after we took all your money away. Your credibility can only go up from here, so bet carefully.
Yeah Yeah, real estate blah blah….more importantly – Norah Jones lives in Cobble Hill now? Love her.
Listen to Sebb or the Masters of the Universe?
Goldman: “New York prices are very high relative to the observable fundamentals. Using three alternative yardsticks—price/rent, price/income, and affordability—we find that prices would need to decline by 35%-44% to return to the valuation levels seen in the 1995-1999 period, before the start of the recent boom.”
Goldman: “It is instructive to consider the potential implications of a return of relative Manhattan incomes toward the national norm prevailing before the Wall Street boom of the past two decades, either because of pay cuts in the financial industry or because of a possible out-migration of affluent individuals. From 1969 to 1986, Manhattan per-capita income averaged 2 times the national average, with no clear trend. Over the next two decades, however, it grew to 3 times the national average. If incomes fell back to the pre-1986 level of 2 times the national average—and if national per capita income remained unchanged—prices would need to fall as much as 58% to return to the 1995-1999 price/income ratio.
lechacal : instead of bashing me, you should be bashing BHO and the What , they are the ones telling everyone the sky is falling. Little they can do to scare people out of there homes.
Looks like we head higher from the end of this year.
lechacal : why don’t you take a look at the condos that just sold on president st in CG they sold for 1000 sq ft. Or take a look at the home that Singer norah jones bought in Cobble Hill.
Listen my foolish friend If you want to sit around and think prices will keep dropping then fine. But don’t tell me shit until you show me real numbers.
There were little to no people in prime NYC that put down less than 20%.