Condo/Co-op of the Day

Condo in Former Columbia Street Waterfront Factory With Wood-Slatted Ceilings Asks $875K

This two-bedroom offers outdoor space and industrial details, such as high ceilings and wood beams, as befits the building’s former use as a factory.

by Susan De Vries

10/20/2020 0

This two-bedroom loft offers some shared outdoor space and industrial details, such as high ceilings and wood beams, as befits the building’s former use as a factory. It’s located in the Columbia Waterfront District at 29 Tiffany Place, which is a bit of a walk from the nearest subway, but that might not be an issue for those in work from home mode.

Although the name might imply a connection with the well-known Tiffany, Brownstoner’s Suzanne Spellen found no connection in a dive into the history of the street. The block-long street was largely developed starting in the 1850s with a mix of residential and commercial structures.

By the early 20th century, the Herman Behr & Co. Sandpaper Factory took up a portion of the blockfront on this side of Tiffany Place. The company, founded in 1872, lost the bulk of an earlier factory to a great conflagration in 1903. At least one building in the complex survived relatively unscathed and was rebuilt in 1904; there’s plaque on 29 Tiffany Place noting the date. The building was converted to residential use in the late 1990s.

Save this listing on Brownstoner Real Estate to get price, availability and open house updates as they happen >>

This third floor unit has the aforementioned high ceilings and wood beams left over from its industrial days, along with wood-slatted ceilings in the living room and bedrooms. Those three rooms stretch along the length of the unit with one window each. Dining room, kitchen and full bath are opposite.

The living room boasts a wall of built-in bookshelves and a window seat and there’s more storage in the unit. There’s a closet near the entry, one-each in the bedrooms and another near the bath that holds the washer/dryer. The virtual tour shows the storage in detail along with the views, which look east with glimpses of the sunken roadway of the BQE below.

The U-shaped kitchen has light wood cabinets, a curved peninsula and a green tile backsplash. The adjacent dining area is adorned with swirling blue wallpaper.

In a nod to current realities, the building has a common room that is now being used as a work space for residents. A morning and evening shuttle bus runs to the Borough Hall subway station for those who are commuting, the listing notes.

The building has a live-in super, part-time doorman, porter, gym and bike storage. Shared outdoor space includes a roof deck with views of the Statue of Liberty, Manhattan skyline and Brooklyn Bridge. A common garden area has paving, tables, planting beds and brick walls that might be a relic from an old factory building.

This unit has $566 in common charges and $459 in taxes a month, plus a temporary $230 monthly capital assessment. A flip tax of 1.5 percent will be paid by the buyer, the listing notes.

The last time the unit was on the market was in 2015 when it sold for $821,000. This time it’s on the market for $875,000 with Nick Ferrone and Julie Cohen of Compass. What do you think?

[Listing: 29 Tiffany Place, Unit 3L | Broker: Compass] GMAP