Comments on: Aug 2007 Edition: Lowest Dumbo Apartment on the Market http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/ Notes from the DUMBO, Brooklyn NY neighborhood Tue, 22 May 2012 20:46:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dumbo NYC, Brooklyn » Archive » Lowest Priced Dumbo Condo (October 2009) (DumboNYC.com) http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-44591 Dumbo NYC, Brooklyn » Archive » Lowest Priced Dumbo Condo (October 2009) (DumboNYC.com) Tue, 27 Oct 2009 19:37:33 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-44591 [...] $450,000 ($642/sqft) at 100 Gold Street (#2F). When we looked at the lowest priced Dumbo condos in Aug 2007, June 2008, June 2009, the lowest prices were $475k ($880/sqft), $550k ($686/sqft) and $450k [...] [...] $450,000 ($642/sqft) at 100 Gold Street (#2F). When we looked at the lowest priced Dumbo condos in Aug 2007, June 2008, June 2009, the lowest prices were $475k ($880/sqft), $550k ($686/sqft) and $450k [...]

]]> By: Dumbo NYC, Brooklyn » Archive » Lowest Priced Dumbo Condo (June 2009) (DumboNYC.com) http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-43350 Dumbo NYC, Brooklyn » Archive » Lowest Priced Dumbo Condo (June 2009) (DumboNYC.com) Mon, 22 Jun 2009 17:58:29 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-43350 [...] 2007, the entry price for Dumbo was $475,000 or approx $820-880 per sq ft (these were sold at asking). In June 2008, the entry [...] [...] 2007, the entry price for Dumbo was $475,000 or approx $820-880 per sq ft (these were sold at asking). In June 2008, the entry [...]

]]> By: Dumbo NYC, Brooklyn » Archive » Lowest Priced Dumbo Condo (and Other Tidbits) (DumboNYC.com) http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-39009 Dumbo NYC, Brooklyn » Archive » Lowest Priced Dumbo Condo (and Other Tidbits) (DumboNYC.com) Fri, 20 Jun 2008 17:37:56 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-39009 [...] we wrote about the cheapest Dumbo apartments on the market in August 2007, the real estate market was well on its way down outside of NYC. The lowest priced condo on the [...] [...] we wrote about the cheapest Dumbo apartments on the market in August 2007, the real estate market was well on its way down outside of NYC. The lowest priced condo on the [...]

]]> By: Bobbybaby http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-33182 Bobbybaby Fri, 24 Aug 2007 16:05:42 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-33182 Look I can enjoy the two parks enjoy the fresh air off river,catch a free flick enjoy sculpture garden, and generally feel at peace otoh over here Waal St)where I am now its congested daytime but sorta dead after 6 PM, Maybe its just me but I prefer dumbo cobblestones and picturesque views to downtown esp if I get it at discount Look I can enjoy the two parks enjoy the fresh air off river,catch a free flick enjoy sculpture garden, and generally feel at peace otoh over here Waal St)where I am now its congested daytime but sorta dead after 6 PM, Maybe its just me but I prefer dumbo cobblestones and picturesque views to downtown esp if I get it at discount

]]> By: WStreet http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-33058 WStreet Thu, 23 Aug 2007 21:29:58 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-33058 DUMBO is great, but why is it far superior to Wall Street area? just asking.. DUMBO is great, but why is it far superior to Wall Street area? just asking..

]]> By: Bobbybaby http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-33055 Bobbybaby Thu, 23 Aug 2007 20:57:59 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-33055 Reality check I work Wall Street and here asking 1350 sq foot to live in condo on 25 Broad St. Whats better Dumbo or Wall St area. Duh DUMBO far superior. Reality check I work Wall Street and here asking 1350 sq foot to live in condo on 25 Broad St. Whats better Dumbo or Wall St area. Duh DUMBO far superior.

]]> By: anonymous http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-33026 anonymous Thu, 23 Aug 2007 16:15:56 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-33026 I live in the building, too. It is an actual sale. I live in the building, too. It is an actual sale.

]]> By: Dan http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-33025 Dan Thu, 23 Aug 2007 15:59:31 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-33025 I am not sure that Streeteasy link represents an actual sale. The listing was pulled two days ago, but I live in the building and someone just moved into that unit a few days ago. I'm not sure what is going on. As for a price correction in DUMBO, I think the issue isn't so much declining prices (yet), but rather investors who are trying to flip properties at prices that are just too aggressive, thus leading to price cuts. I don't know if we are at $900/sq ft yet in the area, outside of exceptional units with great views or other features that really distinguish them from what else is on the market. I am not sure that Streeteasy link represents an actual sale. The listing was pulled two days ago, but I live in the building and someone just moved into that unit a few days ago. I’m not sure what is going on.

As for a price correction in DUMBO, I think the issue isn’t so much declining prices (yet), but rather investors who are trying to flip properties at prices that are just too aggressive, thus leading to price cuts. I don’t know if we are at $900/sq ft yet in the area, outside of exceptional units with great views or other features that really distinguish them from what else is on the market.

]]> By: anonymous http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-33023 anonymous Thu, 23 Aug 2007 15:40:34 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-33023 <a href="http://www.streeteasy.com/nyc/sale/97452-condo-206-front-street-dumbo-brooklyn" rel="nofollow">Streeteasy.com listing / 1 bed sold at $927 per square foot / a flip profit of $160K</a> Streeteasy.com listing / 1 bed sold at $927 per square foot / a flip profit of $160K

]]> By: anonymous http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-33020 anonymous Thu, 23 Aug 2007 15:21:35 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-33020 Not sure about a price correction for Dumbo. This is a desirable neighborhood with little inventory. That said, the studio has been sitting on the market, but have heard there is interest in the one-bedroom and another one bedroom in the building sold at ask after sitting on the market for 6 days. Not sure about a price correction for Dumbo. This is a desirable neighborhood with little inventory. That said, the studio has been sitting on the market, but have heard there is interest in the one-bedroom and another one bedroom in the building sold at ask after sitting on the market for 6 days.

]]> By: anon http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/comment-page-1/#comment-33015 anon Thu, 23 Aug 2007 14:20:19 +0000 http://dumbonyc.com/2007/08/23/lowest-dumbo-apt-aug07/#comment-33015 I think we're beginning to see the start of price correction in DUMBO, check out Streeteasy.com, most of the for sale listings have dropped their prices in the last 2 weeks. There are a lot of listings priced at over $900 a square foot that have already dropped prices. How much more prices will go down is anyone's guess. I think we’re beginning to see the start of price correction in DUMBO, check out Streeteasy.com, most of the for sale listings have dropped their prices in the last 2 weeks. There are a lot of listings priced at over $900 a square foot that have already dropped prices. How much more prices will go down is anyone’s guess.

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