It was a slow week in the Brooklyn condo market, with very few sales recorded in the areas we focus on.
This 3 BR/ 2 BA duplex condo unit went in Greenpoint's The Edge, originally listed for $1,430,000 went for $1,328,000 (a whopping $806/sq. ft.).
This 1 BR / 1 BA condo on the third floor of 306 Gold St., originally listed for $495,000 went for $466k:
Sales in these new constructions are a positive sign for the Brooklyn condo market. With so much capacity coming onto the market just as the market was crashing in late 2008, there was reason to believe that the Brooklyn condo market would be depressed for a long while. There are still some boondoggle glass boxes out there (we're looking at YOU 163 Washington Ave). But, for the most part, buyers are willing to take the views and creature comforts that these buildings afford even if they have to sacrifice some of the charm and location of older walk-ups like 33 St. Marks Ave.
We'll have more on The Edge, 306 Gold St., and other "glass box" buildings that have recently sprung up around Brooklyn in the next few days . . .
This 3 BR/ 2 BA duplex condo unit went in Greenpoint's The Edge, originally listed for $1,430,000 went for $1,328,000 (a whopping $806/sq. ft.).
This 1 BR / 1 BA condo on the third floor of 306 Gold St., originally listed for $495,000 went for $466k:
Sales in these new constructions are a positive sign for the Brooklyn condo market. With so much capacity coming onto the market just as the market was crashing in late 2008, there was reason to believe that the Brooklyn condo market would be depressed for a long while. There are still some boondoggle glass boxes out there (we're looking at YOU 163 Washington Ave). But, for the most part, buyers are willing to take the views and creature comforts that these buildings afford even if they have to sacrifice some of the charm and location of older walk-ups like 33 St. Marks Ave.
We'll have more on The Edge, 306 Gold St., and other "glass box" buildings that have recently sprung up around Brooklyn in the next few days . . .
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