Price Cuts at One Brooklyn Bridge Park
On the heels of the news that the developer of One Brooklyn Bridge Park has started renting out a small portion of the 300 or so units that remain vacant comes word of price reductions at 15 apartments in the fancy waterfront complex. The affected units range from a 589-square-foot one-bedroom that started out asking…
On the heels of the news that the developer of One Brooklyn Bridge Park has started renting out a small portion of the 300 or so units that remain vacant comes word of price reductions at 15 apartments in the fancy waterfront complex. The affected units range from a 589-square-foot one-bedroom that started out asking $500,000 last December before dropping to $415,000 in June and then $325,000 last week (35 percent off peak!) to a 2,295-square-foot four-bedroom that started out at $2,750,000 before going to $2,295,000 and now $1,995,000. Are these levels starting to get interesting yet?
Renting 1 BBP: ‘We Would Like Things to be Different’ [Brownstoner]
Rentals, Price Cuts and Loan Extension at 1BBP [Brownstoner] GMAP
Levine Talks One Brooklyn Bridge Park Closings [Brownstoner]
I was at the Waterpod last weekend and happened to comment on this particular building. I was thinking how really unappealing it is CURRENTLY at this location, and trying to sell it as luxury is pretty amusing. Once there is a park, it will be a lot nicer, but I can’t imagine living on the BQE side. PS: The storefronts are empty at Columbia and Joralemon, except for a laundry. I think it has something to do with the owners of the former-workers-housing complex, which have left them empty for years, now. Although they do have FOR LEASE signs in the windows. So you definitely have to walk a bit for ANY services or food at all!
I like this building very much. The apartments are not my taste, but should be attractive to those who think Mansion House is “dullsville”.
PS: If you can’t figure out that the building is at the foot of Joralemon Street (a short walk from Hicks Street) you probably should not be buying real estate in NYC.
any more broker sock puppets care to chime in?
I think a lot of these apartments are great deals. The building is gorgeous with really nice finishes and a ton of amenities (considering all of the amenities, the common charges actually seem reasonable). The area is a little shady right now, with all of the construction being done, but within a year, there should be a much higher ratio of park to construction.
We live pretty close and have talked about buying a car – even though we totally don’t need one – b/c the garage there is only $180 / month – which is cheaper than the sketchy garage in the middle of Concord Village.
They’d help themselves by taking some actual pics, though. The renderings are so unrealistic at this point.
I walked down there the other day. Its not as bad as I would have thought. Its 10 minutes to either the Borough Hall/Court St entrances (2/3/4/5/M/R) or Clark St (2/3 one stop closer to Manhattan). That’s better Manhattan access than most neighborhoods in Brooklyn. As soon as you cross under the BQE its a nice shaded walk through the heart of Brooklyn Heights (and it looked there was a store or two down that way, too). I was really surprised the developer hasn’t done anything to make the approach to the building from Joralemon more appealing, though. It feels like you’re sneaking in through a back alley or something.
If/when the park plans materialize (and the current construction looks promising), it will be a unique/somewhat interesting location. Keep the price cuts coming in the meantime, though…
It’s about 10 minutes to Borough hall which has thr 2,3,4 and 5. Also the developer is currently running a shuttle bus to take you to the borough hall stop. Obviously that may go away once the building is sold out, but at least for now, it’s convenient. And finally, the Brooklyn Bridge Park Development Corp just announced last month that they are building a water taxi dock right at pier 6, which is 2 minutes away from this building. I don’t know whether there’s going to be commuter service to manhattan, but I bet they give it a shot at first at least. It’s a big construction zone right now, but the area around this building is supposed to be finished by the end of the year, which is not that long of a wait.
i think the bldg has a shuttle bus which runs to/from the borough hall station
“How long would it take to walk to the train from this building?”
> It’s at the foot of Joralemon Street, so 10 minutes maximum along Joralemon (4 long blocks) to Borough Hall trains.
“but how do you reasonably get there??”
> Walking down Joralemon is really your only option, unless you walk along Furman Street (basically under the BQE) from Fulton Landing, which I did once and it was rather unpleasant. I suspect the Furman Street walk will be much nicer once the entire park is done, but now, not so much.