January 5th, 2012
That was fast. The two most expensive condo units at 205 Water Street, the new Toll Brothers development are under contract. Unit #7A, a 3 bedroom, 2.5 bath, 1,866sqft condo is in contract for $1,959,990 ($1,050/sqft, cc $2,047/mo, $678/mo taxes) includes a 782sqft terrace and was on the market for only 17 days. Unit #PHN, a 3 bedroom, 2.5 bath, 2,187sqft condo is in contract for $2,296,990 ($1,050/sqft, cc $2,785/mo, $922/mo taxes) includes a 2,344sqft of combined terrace space and was on the market for a month and a half.
Penthouses at another development at 37 Bridge Street (aka Kirkman Lofts) have recently been put on the market and the building is 70% sold.
The new condo re-developments on Water Street and Bridge Streets are moving quickly. Realtors we spoke to recently told us that larger units in Dumbo sell very quickly as more families are looking to move into the area. The large lofts at 192 Water Street sold very quickly. According to Streeteasy, there are two active listings at 192 Water Street.
For those looking for that trophy condo in Dumbo, the $23.5MM Penthouse at 1 Main Street is still on the market.