October 19th, 2012
177 Concord, a new condo conversion adjacent to Dumbo in downtown Brooklyn was formerly an old party favor warehouse/factory. The building has 23 one and two bedroom condo units and was designed by Karl Fischer. While Park Avenue Developers & Management, the developer, had plans for selling them as condos, they decided to make them rentals, based on the strong rental market (according to them). It’s a short walk to Vinegar Hill and Dumbo, close to the Toren building.
According to Streeteasy, rental prices start at $2,500 and top $4,800 per month via Leah Rubin of Olympic Realty New York. Sales pricing is still on the website, and ranged from $390,000 for #1E, a studio ($746 psf) to $1,095,000 for #4E, a 908sf one bedroom ($1,206 psf) on the 4th floor that includes a terrace.
Has anyone looked at these? Thoughts?