As closings commence at 308 North 7th Street, remaining Williamsburg listings with 15-year tax abatement start at $873K

April 19, 2019

https://www.cityrealty.com/nyc/market-insight/features/great-listings/as-closings-commence-308-north-7th-street-remaining-williamsburg-listings-15-year-tax-abatement-start-873k/30121

 

At a time when Brooklyn is seeing several glassy new towers on the rise, there is still a market for historic conversions. Proof of that can be found between the Bedford Avenue L and Metropolitan G subway stops: 308 North 7th Street used to be a soap factory, but has been transformed into a luxury condominium with a herringbone brick pattern that pays homage to Williamsburg’s history. Closings have commenced more than six months after sales launched, and initial residents are moving in.

 

All 45 units feature interiors by Paris Forino, wide plank hardwood flooring, state-of-the-art finishes, and in-unit washer/dryers. Open kitchens are outfitted with custom cabinets, natural stone counters and backsplash, and Bosch appliance package. Baths have undermount tubs, Waterworks fixtures, and lacquer finish vanities with natural stone counters. Many units have private balconies, and a 15-year tax abatement is in effect for all apartments.

 

 

 

The amenities at 308 North 7th Street provide a beautiful balance of the indoors and outdoors. Upon entering, a double-height lobby leads to a landscaped private garden. On the penthouse level, a fitness center has an outdoor exercise area, and the children’s playroom looks out on views of the Manhattan skyline from two sides. The crowning glory is a roof terrace with private cabanas for purchase and grilling areas. Additional amenities like a package room, bike room, and 23 private indoor parking spaces simplify building life.

 

 

Remaining availabilities start at $873K for one-bedrooms, $1.267 million for two-bedrooms, and $2.351 million for three-bedrooms. According to CityRealty listings, this is well in line with the Williamsburg condo median prices of $899K for one-bedrooms, 1.385 million for two-bedrooms, and $2.448 million for three-bedrooms.

 

 

 

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