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May 21, 2007

Stribling Sells Herself Two Penthouses at 1BBP

onebbp052007.jpg
The symbolism of the transaction was too great not to milk for maximum exposure: One of the great doyennes of the Upper East Side real estate community abandons her Yorkville townhouse to move to a condo conversion on the banks of the East River in Brooklyn. The doyenne? Elizabeth Stribling, founder of Stribling & Associates. The condo conversion? One Brooklyn Bridge Park. It just so happens that Stribling is one of the two firms (the other is The Developers Group) in charge of selling the 449-unit project. What did she get? Two penthouse apartments with a combined 3,400 square feet of indoor space plus 2,000 square feet of outdoor space and a parking space. The cost? $6.6 million. The marketing mileage? Priceless.
A New Adventure Across the River [NY Times]




Posted by Brownstoner at 10:22 AM | Comments (16)
Categories: Development

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Comments

Regardless of the marketing buzz, she is putting her money where her mouth is. I bet that apartment is KILLER.

Posted by: Anonymous at May 21, 2007 10:45 AM

Fact is, she's only buying them as an investment, not to live there. I have that on good authority. Nevertheless, she feels like its one of the best investments going in this town, which is certainly meaningful for investors out there. But symbolism? That's a litte far-fetched imo.

Posted by: Anonymous at May 21, 2007 10:49 AM

She'll make a killing on this. It has to be the best apartment in the entire building. With all that outdoor space this could be worth $8 to $9 within a couple of yearsI think.

Posted by: Kel at May 21, 2007 10:50 AM

She's no dummy...All the bloggers on this site who trashed this building last week sure are...

Posted by: Anonymous at May 21, 2007 10:53 AM

Many of the one bedroom and studio units are right over the highway, and yes noisy, or are dark side of the building, and its still $650,000.
The CC /maint fees are very high even with the tax abatement, how does anyone afford it? Most of the units, the windows are so high up that even if you could afford the water view, you would need a small step ladder to see it.

Posted by: Anonymous at May 21, 2007 11:09 AM

take a look at the building pic noting the size of windows and height of floors then
read this comment.."Most of the units, the windows are so high up that even if you could afford the water view, you would need a small step ladder to see it. "
Makes no sense at all.

Posted by: Anonymous at May 21, 2007 11:17 AM

Astounding.

What? No insider discount?

Publicity stunt? Attempt to stimulate sales?

We won't know for sure until after closing and the records are public.

Inquiring minds want to know.

Posted by: Anonymous at May 21, 2007 11:24 AM

If you been inside, you would know, the window are higher than you think.

*****

take a look at the building pic noting the size of windows and height of floors then
read this comment.."Most of the units, the windows are so high up that even if you could afford the water view, you would need a small step ladder to see it. "
Makes no sense at all.

Posted by: Anonymous at May 21, 2007 11:36 AM

Based on some wild assumptions, yeah they do look high. If the f2floor was 12'-0" it looks like the window sills could be 4' off the floor- that is definately high.

Posted by: Max at May 21, 2007 1:44 PM

Elizabeth Stribling? Buying in Brooklyn?
Holy cow. She may even drop in some day on her way to France.
Seriously, that lady is plenty smart, if she bought there, its gotta be something else.

Posted by: anonymous at May 21, 2007 2:19 PM

sounds like deja vu. b. corc bought in Red Hook a while back.
there goes the hood

Posted by: artie at May 21, 2007 2:30 PM

sounds like deja vu. b. corc bought in Red Hook a while back.
there goes the hood

Posted by: artie at May 21, 2007 2:30 PM

Why do people think brokers can't buy homes?

Only a matter of time before this site is a big Y-A-W-N.

Posted by: anon at May 22, 2007 7:44 AM


Great advertising concept. Do you really think she is moving? She'll throw some
intimate corporate parties there, that's all.

Posted by: Anonymous at May 22, 2007 9:40 AM


BARBARA CORCORAN BOUGHT A SMALL INVESTMENT PROPERTY IN RED HOOK.
DID YOU REALLY THINK SHE WAS GOING TO MOVE TO RH.THE VAPORS FROM THE RIVER MESSING WITH YOUR THOUGHT PROCESSES.
ADVETISING PLOY FOR STRIBLING, CORCORAN, BROWN HARRIS STEVENS, CHRISTIES, SOTHEBYS
ERA, CENTURY 21, TRIUMPH REALTY,WILLIAM B MAY, AND MORE. ARE OWNED BY THE SAME CORPORATION. KEEP UP WITH THE NEWS.
JUST CORPORATE ADVERTISING CHILDREM
CAN ANYONE TELL ME THE SIGNIFICANCE OF THE SHERMAN ANTI=TRUST LAW. SIX PERCENT
SOLUTION, NOT THE MOVIE, THE SITUATION.
I RHYMED, CATCH THE MOVIE,OLDIE BUT GOODIE.

Posted by: Anonymous at May 22, 2007 9:53 AM

landlease

Posted by: Anonymous at May 23, 2007 9:33 AM

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