Dumbo NYC

Notes from the DUMBO, Brooklyn NY neighborhood


High Priced Condos at One Main Under Contract

March 26th, 2008


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Holy cow. Certain areas of Wall Street are in a tailspin and the economy is in a perceived recession, but that’s not affecting these two high-end 1 Main Street condo listings, now in contract. The first one is currently the most expensive condo on the market in Brooklyn at $7,800,000. This penthouse unit (listing) was first put on the market in August 2006 at $10,500,000 and subsequently reduced to $9,000,000 on Aug 30, 2006, then to $8,600,000 on Sept 14, 2006, then to the current price on Aug 15, 2007. The listing entered contract last week, but the final price has yet to be public. This condo can be used as a 2 or 3 bedroom, 2.5 baths, and has 3200 sq.ft. ($2437/sq.ft.). RE taxes are $757/month and common charges are $2061/month.


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The second condo (listing) in contract at 1 Main Street is currently the 20th most expensive condo in Brooklyn at $2,875,000, and was first listed in Sept 2007. This condo has 2 bedrooms, 2.5 baths, a home office, and 2198 sq.ft. ($1308/sq.ft.). RE taxes are $307/month and common charges are $1254/month. Any 1 Mainers know if anyone famous is moving into either of these? There’s still 4 other listings, including this one for $4,300,000 at 1 Main for those who want to get in on the action before the stock market really tanks.

Filed in Main Street, Real Estate at 1:46 pm
Comments
  • brooklyn got soft
    This is great news for everyone that lives in DUMBO. This shows that our enclave is still a valuable place to live, and still growing. Congrats to the new owners, and from all of us; thanks.

    If you own a place here, be happy about the price/sq ft.
  • Agree with the above comment. It's further evidence of the demand for DUMBO and is great news for anyone who has invested in the area. The average price of an apartment in NYC is still $1.4M, quite high compared to the rest of the U.S. I love that the first listing doesn't even have real pictures; they look like cartoon images!
  • Freddie
    I wonder if it was disclosed to the owner of the 14th floor penthouse (more expensive unit) that One Main has plans to raise the roof deck so that all owners get a city view from the roof, and to possibly build cabanas on the 13th floor roof. Both of these pending projects would seriously impact the new owner's view & privacy.
  • mainer
    Yet another untrue posting about one main- though at one time that was considered it the roof is not going to be raised. I'm tired of those 'haters' posting false rumors about one main, jealous that the building is doing well huh?
  • me too
    I'm with you mainer, I'm sick and tired of all these "artists" and "ne'er do wells" telling me how we're suppose to "care" about the flotsom and jetsom in this neighborhood that call themselves human beans.
  • mainer
    love the artists, that has nothing to do with not loving misinformed postings about the building
    one main was, and still is to some degree, home to many artists
    it isn't always about class struggle
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