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Real estate investor and author Boaz Gilad’s latest development project has just hit the market: It’s a 14-unit, 20,000-square-foot Scarano design at 433 Warren Street. Probably the most distinguishing characteristic of the project is the fact that there are a number of triplex townhouses with their own driveways. So far, the only unit to get a nibble is a 1,624-square-foot four-bedroom that’s asking $1,495,000; there’s a “contract out,” according to the homepage. The elephant in the room on this one, of course, is the proximity to the Gowanus Houses. There was an open house last weekend. Anyone check it out?
Development Watch: 431 Warren Street [Brownstoner]GMAP DOB
433 Warren Listings [TDG]


What's Your Take? Leave a Comment

  1. scarano is notorious for designing those midget bedrooms and file them in DOB as “storage” when in fact developers market them as “loft bedrooms.” it’s simply a developer’s trick to gain more sellable spaces. they are horrible, dark spaces and scarano is more like a developer’s bitch than the howard roarke of our time. i was intersted in the development because of its price and location in the beginning. now that i know it’s a scarano project i am just gonna forget about it.

  2. dear 12:19, maybe you know the broker for the project so well because YOU ARE him…
    :)))
    and hey – the prices there are NOT a “solid value” because:
    1. look around you -everywhere, prices are dropping especially for new buildings -it’s RECESSION! price it well and just MAYBE you’d than have a chance to sell them.
    2. you have exactly 2 huge projects surrounding that street… what do you think, that people who by accident would actually have that kind of money would actually LIKE living there under the circumstances?? no matter how “gorgeous” the units are…

  3. I know the broker for the project very well and have seen the units. I can tell you this. The units are gorgeous, they were just recently released on the market so its early in the game and the prices are a solid value. But what’s the point of reading about it. Go see it for yourself and gather your own vision of the spaces. You get to be in a happening BK neighborhood, and frankly rather than spending money on rent every month because of the prices in the city, why not have something to show for hard work and be an owner. By the way, its no secret which direction the outer boros are going, especially Brooklyn as far as real estate values. You can read all about it.

  4. Hey 8:51AM, apparantly you are talking about another townhouse for sale on the block because there was a sign for an OH with an arrow but pointing toward the other direction. And anyway that one is not a Condo, 433 Warren’s units are Condos. Sounds like you have the addresses mixed up.

  5. 433 Warren or 433 W, in huge letters. There was an open house at this dump yeterday on Superbowl Sunday. There was a sandwich board on the sidewalk with a HUGE W on it and the words “open House” and a skinny arrow pointed to mid block. Sorry, I didn’t have my phone or camera with me. So, I went. The front door was pleasant and appeared safe. Brushed aluminum double doors surrounding a tiny vestibule. The floors and halls are covered in a flintstone pattern tile work. Once inside the tiny hallway,the whole building is narrow and wedged between 2 older buildings, the first thing you see is a door with a brushed nickle handle. On the door, fresh from the hardware store, and way too big, were those peel and stick gold and black letters. The ones cut on an angle. The letters read, “CELLAR”. Cellar? What, for wine? I figured they wrote CELLAR cuz BASEMENT would not have fit on this midget’s door. The 2 units that were open were narrow with tall ceiling. One ceiling. The main room because there are no bedrooms. There were LOFT BEDS!!! In the midget’s bathroom, I could touch the ceiling, flat palmed. This bathroom looked out on a brick wall, so, why the teeny tiny window??? Ugh. I could go on, but, it seemed hurried and boring and NARROW. When I passed other lookers on the tiny stairwell, I almost couldn’t pass them without turning sideways. Now, the units I saw were the “One Lofts”. Not sure if the other units actually have bedrooms… Horrible building, unless you are under 5’7″ tall.

  6. January 14, 2008 update anyone? I’m really trying to figure out what’s going on with this place, as I’m vaguely interested… Anyone know anything about building progress or sales??? Thanks!

  7. I think what the self-described “yuppie” with the horror story about Warren between Smith & Hoyt really means is that the block has b-b-b-b-black folks living on it!

  8. If the address is correct, the building is between Bond & Nevins. That is a pretty block, but it has a serious crime problem. It is sandwiched between two troubled housing projects and situated on the line between two police precincts, neither of which want to be responsible for the frequent drug crime that occurs there.

    Maybe they can sell them. Take the money and run.

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