High End Condos Selling Fast in Dumbo
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.
January 6th, 2012 at 1:50 pm
Hmmm. Ads to the right for 205 Water and then this post. An ad for Two Trees and then the reposting of the mostly inaccurate Times article about Jed Walentas.
Is this blog becoming a log rolling site?
January 6th, 2012 at 8:19 pm
Funded by the same folks I believe!
January 7th, 2012 at 11:15 pm
So what? Ad proceeds are donated to Dumbo non-profits.
January 8th, 2012 at 7:31 pm
Taxes and cc’s are crazy high for this location…anyone know why?
January 9th, 2012 at 7:33 pm
I think the new developments on Waterare being taxed to support the new park extension.
January 13th, 2012 at 12:12 am
205 has not put a unit under contract for several weeks now. Sales are not as brisk as Toll makes them out to be.