On the Market: 28 Old Fulton Street TH-F
November 11th, 2011
Here’s a new listing for a 2100 sqft triplex co-op at the Eagle Warehouse building in Fulton Ferry Landing. It’s listed as a 1 bedroom, 2 bath but says that it can be “easily converted to a 3-4 bed, 3 bath”. The upper level features a 14 ft ceiling and the lower level is open/flexible but no windows. Price is $1,495,000 ($711 per sqft), $1,569/month maintenance. This seems reasonable given the building and location, but there’s another listing for a triplex in the same building for a 1,675sqft, 1 bed, 2 bath, but is lower cost at $699,000 ($417 per sqft), $1,558/month maintenance. Big difference in price per square feet.
Also, here is a general market snapshot of the real estate in Dumbo (from Streeteasy.com):
Previously:
{Dumbo Is One of the Most Expensive NYC Neighborhoods (Q2 2011)}
4 Responses to “On the Market: 28 Old Fulton Street TH-F”
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November 11th, 2011 at 9:58 pm
Um…windows?
November 16th, 2011 at 12:16 pm
Anyone know why the other unit is priced so low?
Did someone die there? Bedbugs?
November 17th, 2011 at 3:51 am
the coop board will not approve more than two occupants with only one legal bedroom!!!!! Price will be reduced once the building manager takes co-op fee and then tells purchasers, “new owners can’t use interior bedrooms for sleeping.
November 17th, 2011 at 7:36 pm
According to Streeteasy the other unit was originally listed by Sotheby’s at $985K and then was on the market for more than 2 years. Sounds like it got severely shop worn.