15-Judge-Street-0609.jpgWe can’t see the appeal in this new condo offering at 15 Judge Street but the one-bedroom residences in Bushwick East Williamsburg are flying off the shelf at around $550 per foot: Five units have already sold since the project hit the market a month ago, if you can believe it. Given that the development has neither architecture nor location going for it, the sales effort must be getting a big boost from the fact that you can buy a place with just 3.5 percent down courtesy of the FHA. GMAP


What's Your Take? Leave a Comment

  1. They must have paid someone a pretty penny to design the web site. I’m sure they’re paying royalties to Apple for using the iPhone image — not. A funny idea — this is an apartment for iPhone people.

  2. I just read an article in the NYT Real Estate section about “How to spot a bargain” and it described several decent one bedrooms in Manhattan asking $530 and $471 per square foot. The maintenence is more.

  3. i like this area. spent some time going to cooper park and kid went to st. nicholas preschool on olive and powers. artist friends have a big space just past bushwick. i consider this still wburg. the real bushwick artist scene is a bit past still. there’s gentrification growth if you are investing for at least 5 yrs out. grand street amenities have pushed that direction – there’s actually a good wine store and restaurants and bars.

  4. I was over there about a year ago… it was depressing enough to be one of those “williamsburg is dead to me” moments. House was semi boarded up, but it looked like they were opening it to the elements enough that they could later claim it had to be torn down. Like on purpose.

    The weird thing is, and I’ve said this before: that block used to be Really Nice. Like, crime did not happen there and every house was immaculate. There’s a lot of Williamsburg that is not the better for all of the rampant development.

1 2 3