Downtown Brooklyn price rise in just 17 months - Sale at 75 Smith Street #7C

http://curbed.com/archives/2006/05/31/75_smith_street_rising_across_from_brooklyn_big_house.php

Nice building if you want to live directly across the street from a prison!

Isn't it weird that the common charges are so high in a brand new building?

Usually with a new condo, the common charges are less tha $400, but this place is $900!

Does that suggest they've had to rent out a lot of the units (ie renters would not be paying the cc's)???

I live nearby, and never notice the prison... it's not even a bad looking building. The street level is kinda nice- you'd never know it was a prison.
But, the bigger problem that building has is that half of it's a hotel. The Nu Hotel, I believe. They created a separate entrance, to keep hotel guests a bit segregated from condo owners, but I still think that would suck to own there.

GG, the hotel unit and the 50 apartments have all sold. All 50 owners are therefore carrying their share. No CC liens that I can find. Doesn't matter whether the owners are living there or renting out.

Had they not all sold, the sponsor would've been responsible for the CCs of the unsold ones.

If the CCs are high, it might be due to carrying full service with only 50 units.

Ok, NWT. Thanks.

This isn't 17 months. This was new construction, and that building did not go up fast. So that contract was signed when... 2005?