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
These are def cool pads – nice website anyway. I’d move there just for Verizon Fios.
“What, BHO & cornerbodega will be amazed that some people actually have money.”
Rewrite!
What, BHO & cornerbodega will be amazed that some people actually had money.
“I really believe we are putting in a bottom in NYC. Maybe another 5% to 10% down thats it.”
Whew boy, Damn! It’s over!
Special Report on MBS “Black Wednesday:” Among The Worst Day Of Losses…. Ever….
http://www.mortgagenewsdaily.com/mortgage_rates/blog/
“Plain and Simple: this means that many fixed income accounts are selling debt that has a long maturity as economic prospects improve. Lower rate MBS is longer maturity (since mortgage holders are less likely to refi) and corresponds more to the “longer” end of the treasury curve (5-10 yrs) which also got crushed today.”
Insurance on Mortgage Backed Securities got crushed and Interest Rates are going up!
and…
Mortgage Delinquencies, Foreclosures, 30-Year Rates Increase
http://www.bloomberg.com/apps/news?pid=20601087&sid=aE_j_CA8fCao&refer=home
“The U.S. delinquency rate jumped to a seasonally adjusted 9.12 percent and the share of loans entering foreclosure rose to 1.37 percent, the Mortgage Bankers Association said today. Both figures are the highest in records going back to 1972. Fixed rates rose to 4.91 percent, Freddie Mac said. New home sales fell 34 percent from April 2008, the Commerce Department said.”
Higher delinquency rates, higher Mortgages…
Good bye Jagoffs..
The What
Someday this was is gonna end…
Sebb: 9 months ago you were telling us it was time to buy and we were stupid for saying prices were going down. You have no credibility on this subject.
It was decently priced and not too far from the train. That’s all it takes.
“I think this makes the point that price, not demand, is the problem. Places will sell if they are priced right.”
I also think buildings like this (conversions) are of a higher quality then your average Karl Fisher miami beach style condo or NSP/Edge. I haven’t been in this building, but that’s my observation having been in another conversion, and a few apts at northside piers.
I really believe we are putting in a bottom in NYC. Maybe another 5% to 10% down thats it.
I think this makes the point that price, not demand, is the problem. Places will sell if they are priced right.
Don’t forget hannible!
“oh wait, let me guess. they are all creative professionals.
*rob*”
Bedford Ave area is yuppie central now. Might be starting to rival Park Slope in terms of roaming stroller gangs.