March 29th, 2012
In a story that makes you wish you did what they did, the NY Post wrote about one couple’s real estate sales in Dumbo in a span of 14 years. Victor and Athena Calderone bought in Dumbo in 1998 for $275 per square foot at 1 Main Street (when Two Trees redeveloped the building), a 1,700 square foot condo for $467k. For approximately the same cost today, you can get a 565 square foot studio at 205 Water Street.
The story continues with the sale of their place for more than double and upgraded to a two bedroom condo on the same floor, which was then sold three years later worth twice. They invested in two penthouse condos at 70 Washington Street (“one a two-bedroom for $2.2 million, or $1,269 per square foot; another a one-bedroom for $1.5 million, or $1,197 per square foot”), which we profiled in April 2010 and was sold in 4 weeks for under $4million.
They purchased a condo at One Brooklyn Bridge Park before buying back into Dumbo, a $2.3 million, 2,187-square-foot, three-bedroom penthouse (with two terraces, a balcony and a private roof deck that total 2,344 square feet.)
Karen Heyman handled all of their sales and purchases since their purchase at One Main in 1998.