Factory Lofts - Anyone know why they were all just pulled?

No one knows what's up over there?

munckee, listings are still up at aptsandlofts.com. I would contact someone there to see what's up.

@bjw2103 May do. Not rushing to purchase, was just kinda curious...

[url]http://curbed.com/archives/2009/03/12/williamsburgs_factory_lofts_takes_ball_goes_home.php#more[/url]

Wonder if this becomes public housing, what that means for the 5 buyers...

public housing? are you serious? you don't think there will be buyers for a brand new condo at some price point between the current inflated price and $0 psf. there is a segment of the population between the wealthy and the welfare recipients.

Would this developer be in the red if he had to slash prices by 50%? I like the building but at $800sq on average, this is very unrealistic. You can find cheaper in the West village or Chelsea.

In the red he is...
This building is being foreclosed. Nice lofts but way overpriced. I'm not surprised.
http://ny.therealdeal.com/articles/new-york-city-s-future-ghost-towers

lk917 -- the comment about public housing may have little to do with market forces.

The city council -- which is bought and paid for by real estate developers -- is hatching some kind of plan to buy such defaulted properties -- and thus bail out the developers -- in order to convert them to "affordable housing."

I have no doubt that is will occur in at least some cases. Because the city council is full of spineless weasels. Corrupt spineless weasels.

'they're back....'!

pricing seems to average from 620 for a 1 bed, ground floor, to 700+ for a 2 or 3 bedroom.

cj, any links? I don't see the listings here.

unfortunately no. i got an email from a broker regarding new pricing and it didn't paste well into the comment section. here's my best shot...

Rooms Baths SF/Outdoor Common Tax Offer Price
Studios
1B Studio + Mezzanine 2 997 $369.81 $32.40 $665,000
1D Studio + Mezzanine 2 917=courtyard $397.00 $34.78 $570,000
2D Studio 1 632 $278.26 $24.38 $415,000
3C Studio + Mezzanine 2 848 $384.31 $33.67 $605,000

One Bedrooms
1E 1 BR + Mezzanine 2 933=courtyard $410.60 $35.97 $580,000
2A 1BR 1 770 $330.84 $28.98 $505,000
2B 1BR 1 831 $359.84 $31.52 $510,000
2E 1BR 1 627 $300.92 $26.36 $450,000
3A 1 BR + Mezzanine 2 1011 $468.61 $41.05 $689,000
3E 1 BR + Mezzanine 2 934 balcony $425.10 $37.24 $679,000
4C 1 BR+ Study 2 935 $470.42 $41.21 $625,000
4D 1 BR+ Study 2 940 balcony $465.89 $40.81 $670,000

Two Bedrooms
5A 2 Br 2 931 $479.49 $42.00 $650,000

Three Bedrooms
4A 3 BR + Mezzanine 2 1220+terrace $621.79 $54.47 $880,000
4B 3 BR + Mezzanine 2 1291+terrace $656.23 $57.49 $895,000

ugh! and all that formatting work down the tube. sorry.

These seemed to have relaunched. Anybody go see these this weekend? Thoughts?

so ppsf more or less like 80 met?...

Could have been a problem in this development with the toilet. Let's ask aboutready, the toilet expert.

And they're gone again.

but isnt the broker site still active...so not really gone

I like the brick. Looks like a few show as in contract on the broker site.

Saw these a couple weeks ago and here's my 2 cents ... this could have been a really beautiful gut reno, even with the added 4th/5th floors on the rooftop but it sucks. All that beautiful brick and they paired it with blah modern kitchens and poor construction. Where the walls meet the brick - not so good. Gaps, cracks, looks shoddy. I also don't understand why they left the brick exposed on the interior of the units - expecially beautiful on the first floor units - and then slapped that aluminum looking siding on the exterior of the building rather than just keep brick exterior.

The layouts are funky too. Great super high lofty ceilings but weird living spaces ultimately.

These could have been really unique and great but they aren't.