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July 31, 2007

Cabana Prices at 70 Washington Up 30 Percent

cabanas073107.jpg
Talk about turning water into wine. While skyrocketing prices in Dumbo have made it the priciest nabe in the borough to buy a condo, the market for rooftop space has also been climbing, reports The Daily News. When Two Trees Management decided to build 22 rooftop cabanas at 70 Washington Street and sell them separately from the apartments below, no one could have guessed that one of them would ultimately sell for $325,000, the price one recently traded for. In addition to the river views, buyers get ipe wood flooring a fence and, well, that's about it.
Cabana Craze Hits the Roof [NY Daily News] GMAP




Posted by Brownstoner at 9:35 AM | Comments (19)
Categories: Condos, Dumbo

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Comments

What a joke. 325k/10 is a cost of roughly 32k/yr. Divide by 100 days that you can actually use the thing, and you've got a $320/yr.

For $320, there are dozens of people who would be happy to cater your picnic in the park across the street, carry your stuff over there, etc.

This reminds me of the $200k gold and diamond-encrusted saucepan.

Posted by: Anonymous at July 31, 2007 9:58 AM

But you can't f**k in the park or do coke there.

Posted by: Anonymous at July 31, 2007 10:07 AM

Yeah, but then you have to get dressed and go to the park. Nice to wake up, go outside and put some eggs & bacon on the grill all in the buff.

Can't really do that in the park.

Posted by: Anonymous at July 31, 2007 10:08 AM

I was going to buy one and live there, but I took some vacations and ate out too often and cannot even afford that.

Posted by: Anonymous at July 31, 2007 10:15 AM

does this include a private elevator from condo to cabana?

I don't want to share my stairs or elevator with the riff-raff of non-cabana owners

Posted by: Anonymous at July 31, 2007 10:16 AM

These cabanas seem the stuff of dreams rather than real usefulness. That is, when your outdoor space isn't really adjacent to your indoor space, you don't end up using your outdoor space very much.

Posted by: Anonymous at July 31, 2007 10:23 AM

well, I bought for 120 and sold for 285, so not so dumb

Posted by: Anonymous at July 31, 2007 10:24 AM

Fantastic

Posted by: Anonymous at July 31, 2007 10:37 AM

Are these views relatively safe, or could they be blocked by say a taller future Walentas project?

Posted by: *** at July 31, 2007 10:45 AM

One can only hope!!

Posted by: Anonymous at July 31, 2007 10:48 AM

yeah...these cabanas are about to lose their fantastic views...walentas is building the entire block directly south and east of 70 wash (this will completely block 70 wash's views of the brooklyn bridge)....the jehovah's parking lot in front of the building will likely be developed, too...a sucker born every minute, i guess...

Posted by: doody brain at July 31, 2007 11:53 AM

At the DUMBO
DUMBO cabana

You gotta hand it to the developer, don'tcha? Roof decks are mostly useless. Also it's really hard to snort blow on a widswept rooftop.

Posted by: anon at July 31, 2007 12:24 PM

Interesting. The people buying these are clearly retarded, and I didn't realize that retarded people had this kind of money.

Posted by: Anonymous at July 31, 2007 1:43 PM

People really are idiots. With the exception of the person that flipped one already. Brilliant.
If the building isn't right on the water, you can lose that view you overpaid for. Plain and simple. You can't buy views.

Posted by: Views not guaranteed at July 31, 2007 4:17 PM

The vast majority of the poster here are some shit talking mf's. What do you OWN???

Don't hate...No, DO hate!!! 'cause these bad boys are something you simply can't afford.

Get back to work and maybe you might be able to buy a condo in asbury park

Posted by: Hate all you want at July 31, 2007 4:51 PM

I think we found ourselves one of them there cabana-buying suckers...

Posted by: Anon at July 31, 2007 4:58 PM

I wish all the people who are not native NY-ers who obviously have way too much money and love to throw it around would move somewhere else so the RE prices here would stop getting driven to ever more ridiculous highs.

Posted by: Piss Broke Native NY-er at July 31, 2007 4:59 PM

I looked at 70 Washington and have to admit that I was slightly intrigued by the cabanas, but I also naively thought they included some sort of small structure with plumbing and electricity.

Private outdoor space is a real luxury in New York so that alone would have to make the price for these things worthwhile since no view is guaranteed. This is especially true in a neighborhood as small as Dumbo - where there is almost nowhere left to build but up.

Posted by: *** at July 31, 2007 7:13 PM

Poster # 1...
Didn't you mean $320 a day?
At $320 a year, it's a great value.

Posted by: guest at October 5, 2007 8:42 PM

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