“They are designed for how we live today with an open kitchen and a great room that flows into the balcony,” says J. Keith Green of Halstead Property, who oversees marketing and sales of the property. “Life in the city sends you in different directions, here you choose to be together.”
Manhattan’s most active new developments were Downtown, with over 1,1560 contracts entered or closed in 2014, according to Halstead’s first year-end report which tracks new condo developments. View the full report here. – See more at: http://therealdeal.com/blog/2015/02/18/the-week-in-market-reports/#sthash.hQQcFjOL.dpuf
Martin Nussbaum, principal at Slate Property Group, which along with Adam America, is developing 51 Jay Street, agrees that inventory in Dumbo is tight.
“I happen to think Dumbo specifically is one of those tighter markets, in terms of the ability to generate projects,” he said, noting that it’s size and zoning don’t allow for as many new developments. “I think the potential supply for long-term is pretty insignificant in comparison to demand.”
Read More: http://www.rew-online.com/2015/02/13/dumbo-seeing-a-slew-of-new-development/
WILLIAMSBURG—The first of the four penthouses in The Oosten to hit the market is PH3, a 5,000-square-foot duplex with 1,500 square feet of outdoor space that just hit the market for $6.49 million.
The asking price is more than $2 million higher than that of the second home on the list. A four-bedroom penthouse condominium unit at the 53-story tower 388 Bridge in Downtown Brooklyn was listed for just shy of $6 million. Halstead Property’s Vanessa Connelly and Molly Bloom have the listing at what is currently Brooklyn’s tallest apartment building. – See more at: http://therealdeal.com/blog/2015/02/06/priciest-january-home-listings-in-brooklyn-queens/#sthash.jA5wWxYl.dpuf
Read More: http://therealdeal.com/blog/2015/02/06/priciest-january-home-listings-in-brooklyn-queens/
“A lot of these new developments are marketed toward sophisticated, well-to-do buyers, and those people may not want to be living with first-time homebuyers, who tend to be more transient,” said new development sales exec Robin Schneiderman of Halstead Property Development Marketing, who is marketing a new condo building with very limited studio inventory at 51 Jay St. in Dumbo.
But it’s not all ground-up; 51 Jay Street in DUMBO is a 74-unit conversion, which last week launched sales with prices ranging $875,000 for a studio to $5.15 million for a four-bedroom penthouse.
Read More: http://nypost.com/2015/01/28/the-top-4-firms-designing-nyc/
After visiting a few buildings, they had happened upon 388 Bridge, a new luxury tower in Downtown Brooklyn named for its street address, with numerous rentals available. Ms. Abrams could hardly contain her excitement as she passed out floor plans to the group.