80 Met Receives TCO
We received a tip that Williamsburg’s 80 Metropolitan has received its temporary certificate of occupancy (effective as of August 17) and has sent out its closing notices. According to self-reported data on StreetEasy, 45 of the building’s 61 active listings are in contract—about 74 percent. (Of course, there are 123 total units in the building.)…
We received a tip that Williamsburg’s 80 Metropolitan has received its temporary certificate of occupancy (effective as of August 17) and has sent out its closing notices. According to self-reported data on StreetEasy, 45 of the building’s 61 active listings are in contract—about 74 percent. (Of course, there are 123 total units in the building.) We reported in June that the powers that be at 80 Met were slashing prices only on certain units, and this pattern has continued. Unit 2P, for example, went from $825,000 to $735,000 in June, and is currently listed at $699,000. GMAP
80 Metropolitan [StreetEasy]
Price Cuts at 80 Met [Brownstoner]
I can’t vouch for Clinton Hill schools, but Williamsburg schools are less than mediocre, and worse still, 84 (in particular) and 17 show little sign of wanting to improve. 84 is considered good (not great) for pre-K and K, but a failing school beyond that, which is why many parents zoned for the school do everything possible to send their kids elsewhere (which is why 84 is at less than 50% capacity). That means getting in to 132, schlepping your kid to the LES or going the private/parochial route.
And since when did “10 foot ceilings(approximate)” become the standard for luxury? 10′ is generally a minimum, and when a real estate marketer slips in “approximate” you can be sure that 10′ is a generous estimate.
Williamsburg schools are currently mediocre. Better shipping them off up the road to Greenpoint public schools.
There’s a huge sublet market on the Clinton Hill coops too, actually. I know someone who was desperately looking for one. They go fast.
Wine lover, you just doesn’t know when to stop. you made your points pretty well until your comments on:
– renting out the condo; that’s no longer a worthwhile diff vs coop cause practically all owners would be losing $$ renting out the condo cause rents are lower than mortgage + maint + taxes
– low income housing; the clinton hill coops are not luxury but they aint low income housing
PS11 is a pretty good school. Clinton Ave is among the best streets in BK.
Oh winelover, sometimes I would love to know where you stand on the great hui television debate divide… I mean I suspect I do know, because I can completely see you playing European cartoons for little Johann on youtube, in between bouts of flash cards and sitar lessons, but still.
But, anyways, as you should know, I do not actually hate Williamsburg. I lived there forever. Then I left. Then I moved back. Then I left again. But I don’t hate it. I don’t even hate all of the new construction — except that 99% of it is crappy and the apartments are SMALL. The Kai building (you’ve seen them around the southside, surely? They are notable for their extreme ugliness?), that I used to live in that had no ventilation and a terrible kitchen was actually more livable than this $700K apartment. In my opinion. At least it was spacious!
I love PS 84. I love PS 17, even. I researched them. They’re not bad. However, PS 11, which is the Clinton Hill school, is equally, if not moreso, not bad. Plus, there are TREES.
“10 foot ceilings(approximate), Lapacho Hardwood Floors and luxurious kitchens. They include built-in Liebherr refrigerators, Miele ovens and cooktops, Bosch dishwashers, marble finishes, polished Caesars…”
“Amenities: Doorman, Gym, Swimming Pool, Garage, Loft, Washer/Dryer, Pets Allowed, Central Air Conditioning, and Common Outdoor Space”
Is the pool actually open? Is it larger than a breadbox? What are the costs associated with maintaining it? Every new building has a gym, so not going to bother to touch that one.
All other luxury amenities (so-called) probably cost the developer about $10K all told, for each apartment in materials. Okay, possibly $15K.
Simple, non-luxury amenities like trees, cross-ventilation, space, closets, shade, etc count for a lot more in my opinion.
And I know I am not alone in this. Looking at the sales, it looks like the larger apartments at 80 Met are the ones that aren’t moving. Why? They’re too small for families. They’re priced close to the Gretsch and Mill Building and Schaefer, which all do actually have floor space.
Mr(s?). Lover: 1
Heather: 0
Oh.
My.
God.
heather, not sure what you are talking about? this is a high-end building. did you read the information?
“10 foot ceilings(approximate), Lapacho Hardwood Floors and luxurious kitchens. They include built-in Liebherr refrigerators, Miele ovens and cooktops, Bosch dishwashers, marble finishes, polished Caesars…”
“Amenities: Doorman, Gym, Swimming Pool, Garage, Loft, Washer/Dryer, Pets Allowed, Central Air Conditioning, and Common Outdoor Space”
it’s an amenity loaded condo building in williamsburg vs. a coop in clinton hill? clinton hill, home to bad schools, high crime and surrounded by projects?
really? this in the safe 94th police precinct and you can send your kids without hassle to pre-k at 84 (they have 3, count ’em 3! pre-k’s, which include a private playground and designated gym). it’s one of the best pre-k’s in the city and then have your kids stay @ 84 in the cool dual language program for k or hop on the B61 for a 10 minute ride and go to PS31 a 5 star school for K on.
plus – many people would never in a million years buy a coop for tons of reasons. with a wburg condo, you can rent it out in a heartbeat if you have to move for some reason.
anyone who thinks the price is too high, well fine, make a lower offer. but, don’t suggest that this building isn’t nice because it is. comparing this to low income housing is nuts.
Heather, I am similarly nonplussed by these prices. Apparently people paid them though..