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TheFuture
July 30th, 2005, 12:27 AM
Does anyone have any updates on The Dunham Condominium?

http://www.thedevelopersgroup.com/buildings/building.aspx?buildingid=1029&

What is the deal with the block? Looks like all the other buildings are boarded up. Is the area a good place to live? Looks like it might get too much noise from the bridge.

Any feedback would be great.

Thanks.

bling
July 30th, 2005, 02:01 PM
We live at the Gretsch facing the W'Burg bridge and with the double paned windows we barely hear anything from the bridge or the roadway except for a distant rumble when the train goes by. The area is quite safe and I can only imagine that with the completion of Schaeffer's Landing, more retail stores will pop up in the area. Having said that, I think that the Dunham may be a little TOO close to the bridge. But you do get a discount in price for that proximity to the bridge.

TheFuture
July 30th, 2005, 03:31 PM
Thanks for the info. Greatly appreciated.

They are currently asking approx $500-575 per sq ft for the 1st floor condos.

Do you think it should be less due to how close the bldg is to the bridge?

bling
August 1st, 2005, 09:37 AM
Seems a trifle high, but property prices in the area have been rising and it depends on all of the amenities offered by the building. There are lower floor (<= 5th floor) condos at the Gretsch currently being flipped at $670-$770 per sq. ft. -- you can find the listings at corcoran.com and thedevelopersgroup.com. However, offering prices for the condos were lower: 8th floor condos were going for about $650-$700/sq ft.

You should probably try to see one of the available condos at the Gretsch so that you can make a better assessment of the Dunham's prices.

TheFuture
August 2nd, 2005, 01:03 AM
Found out that the 2nd and 3rd floor condos are only 1 bedrooms/1baths and should be listed between $600-750,000. They are all around 700 sq ft.

The three 2br/2ba are all duplexes (with terraces) on the 4th and 5th floors and should go for around $1,300,000. Based on the sq ft that would be between $850-$1,235 per sq ft.

Seems way overpriced to me based on the location and noise from the bridge/subway as well as the fact that there is a good chance the waterviews might be blocked by new buildings.

Zach
August 16th, 2005, 03:17 PM
I think that they are well overpriced you can get a place in the mccarren for cheaper corcoran marketing

DEVELOPNY
August 16th, 2005, 10:21 PM
The developers group seems to steer their developers to build ugly-modern buildings and interiors. They have kitchens with 3 usable cabinets and bathrooms with no storage space. This particular building carries no modern aesthetic with it, shouldn't a developers rep steer their clients in the direction of a tasteful building, rather than copying all the other crap they have put to market in the past. There are so many other highly qualified brokers in Brooklyn that have been around longer than 2 years and actually know the market and the buyers. Maybe its the 2% fee that gets them business???

lofter1
August 16th, 2005, 11:01 PM
The market rules: if people are willing to pay outrageous prices for an apartment with 3 little kitchen cabinets then what incentive is there for a developer to spend more? If they added a 4th cabinet developers would propbably just raise the price another $50K.

DEVELOPNY
August 18th, 2005, 12:21 AM
Although I agree that the market rules. if there were a 4th or 5th or just a better layout overall (which would be the developers groups job to figure out as the developers rep) then the price might not shock me as much. I would think that before bringing a product to market, all the kinks should be worked out and the best possible solution be brought to fruition. I'm basically saying that it seems they cut and paste all their recomendations for their products, they all look and feel the same, regardless of the location or price. It just seems poor advice on their part and pretty sloppy two. I mean how much experience can they have? They have only been around for two years.....

BREUKELEN
August 22nd, 2005, 06:12 PM
I wouldn't go so far as to say the marketers steer their developer clients to build "ugly modern buildings" I think they do a decent job that's within the budget constraints of a project to produce the most aesthetically pleasing product possible for the demographics. There is only so much persuasion that can be had on a developer to produce quality condominiums. I'm actually in competition with the developers group and I can say that there is a lack of forward thinking developers that truly trust the knowledge that brokers have, it can be a very diffuclt process to tread through. I work alot in Park Slope and you should see some of the crap developers try to get away with, look at the conversion project Corcoran has on 1st street between 4th and 5th!!

moxie
August 23rd, 2005, 03:23 PM
I think the Dunham is kind of cool looking. A bit expensive from what I am hearing, but still worth considering. The place to be right now, however, is around McCarren Park. I only wish I had known that before I bought in the Gretsch two years ago.

BREUKELEN
August 23rd, 2005, 10:34 PM
I think the only worthwhile place to purchase and the safest investment in Williamsburg will be the waterfront, there will be such a huge glut of condominuims on the market in Williamsburg within the next few years and I believe the waterfront from The Bridge to say N.11 will be prime buying locations. I believe buyers will hold out and wait for all the exciting changes that will transform the waterfront.

TheFuture
September 1st, 2005, 12:35 AM
I noticed on The Developers Group website

http://thedevelopersgroup.com/buildings/building.aspx?buildingid=1029&

that Unit 1A no longer has "offer accepted" next to it.

It's been 1 month since the 3 first floor apartments were put on the market and not one has been sold.

Obviously goes to show that the prices are too high for the neighborhood as well as the fact that the building is right next to the bridge.

How long before they drop the asking prices???

Derek2k3
October 25th, 2005, 10:34 AM
The Dunham Condominium
40-44 South 6th Street/24 Dunham Place
5 stories 55 feet
Gene Kaufman Architect
Dev-South Development
Residential Condominium
15 units 18,846 Sq. Ft.
Under Construction 2004-2005


http://www.pbase.com/archit_kderek2k3/image/44468596.jpg
Gene Kaufman Architect
http://www.gkarchitect.com


The Developers Group:
The Dunham Condominium
44 South 6th Street Brooklyn, NY 11211

http://www.thedevelopersgroup.com/buildings/building.aspx?buildingid=1029&

Industrial charm and modern design converge in The Dunham, Williamsburg's newest luxury condominium. Located on the fashionable Southside, where great restaurants, shops and galleries abound, The Dunham is defined by its dramatic glass and metal paneled facade and sleek, contemporary interior design. The Dunham's finishes are of the highest standard with no detail having been overlooked. Warmth and style are beautifully interwoven in the gorgeous open kitchens where finishes include glass, stainless steel and wood and stunning limestone bathrooms. Amenities in this 5-story corner elevator building include a common courtyard and parking. Call today for more information.

Amenities & Features
# Common Courtyard
# Parking
# Washer & Dryer Hook-ups in Unit
# Central HVAC


http://www.pbase.com/archit_kderek2k3/image/51269240.jpg

http://www.pbase.com/archit_kderek2k3/image/51269338.jpg

http://www.pbase.com/archit_kderek2k3/image/51269339.jpg
10-21-2005


http://maps.google.com/maps?oi=map&q=44+South+6th+Street,+Brooklyn,+NY
Map

http://brownstoner.com/brownstoner/archives/2005/08/the_dunham_cond.html#comments
Brownstoner
August 09, 2005
The Dunham Condominium: Does Not Compute

Williamsburg Development Thread
http://www.wirednewyork.com/forum/showthread.php?t=5003

Gulcrapek
October 25th, 2005, 09:49 PM
A little bland..

TheFuture
November 7th, 2005, 12:52 PM
The 11/6/05 NY Times ad stated Penthouses from $995,000 which means they dropped the price by $83,000.

The website still has the smallest Penthouse listed at $1,078,000.

Still way overpriced for the apartment (hardly any kitchen cabinets, no washer/dryer included, etc.) and its location (you hear the noise from the Williamsburg Bridge - even with the windows closed).

Probably why only 1 contract has been signed in the 3+ months the apartments have been for sale.

TheFuture
February 28th, 2006, 12:41 PM
The website (www.thedevelopersgroup.com (http://www.thedevelopersgroup.com)) shows the smallest penthouse price was lowered to $899,000. The other 2 penthouses were also lowered.

Savings of $179,000 in just a few short months.

However, they will still have to lower the price even more to sell them

TheFuture
August 7th, 2006, 11:22 AM
2 of the 3 penthouses still available.

One was just lowered to $999,000. Big price drop from the original $1,300,000.

The other one is still listed at $1,090,000.

http://thedevelopersgroup.com/buildings/building.aspx?buildingid=1029

BrooklynRider
August 7th, 2006, 07:19 PM
When it gets to $250K call me.