On the Market: 28 Old Fulton Street TH-F

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)}

10 Comment

  • Um…windows?

  • Um…windows?

  • Anyone know why the other unit is priced so low?
    Did someone die there? Bedbugs?

  • Anyone know why the other unit is priced so low?
    Did someone die there? Bedbugs?

  • 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.

  • 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.

  • 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.

  • 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.

  • Well I am moving into the larger listing with a family of four. We bargained down to just over a million because of the lack of windows. The real difference in the apartments is that the larger one has a giant open atrium to allow air and light in to all floorsfrom the 2 windows. We also have a unique private door out of the back of the building, so that you can get into the air and sun by stepping out your door, anytime. You also get a bit of outdoor space off this little lane. The smaller apartment is a very confined and claustrophobic space, with no doorway outside, and no atrium to make the space livable. Much of the smaller unit’s square feet are wasted bits like hallways and the basement is a low-celinged, stuffy chamber. So the larger unit is $1 million for a much more liveable 2110sqft, while the smaller unit is $700K for 1675sqft of a barred window, stuffy chamber. The prices are now justified. 🙂

  • Well I am moving into the larger listing with a family of four. We bargained down to just over a million because of the lack of windows. The real difference in the apartments is that the larger one has a giant open atrium to allow air and light in to all floorsfrom the 2 windows. We also have a unique private door out of the back of the building, so that you can get into the air and sun by stepping out your door, anytime. You also get a bit of outdoor space off this little lane. The smaller apartment is a very confined and claustrophobic space, with no doorway outside, and no atrium to make the space livable. Much of the smaller unit’s square feet are wasted bits like hallways and the basement is a low-celinged, stuffy chamber. So the larger unit is $1 million for a much more liveable 2110sqft, while the smaller unit is $700K for 1675sqft of a barred window, stuffy chamber. The prices are now justified. 🙂