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Second Time Around for Duplex Loft in Williamsburg's Gretsch

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Back in 2005, New York magazine asked three brokers what a duplex at South Williamsburg's pioneering condo conversion the Gretsch, asking $1.25 million, should sell for. David Maundrell, grand poobah of boutique Brooklyn brokerage Aptsandlofts.com, said $995,000, adding that the wide-open loft space would require a build out for a family-oriented buyer. It eventually sold to music video director Ed Steinberg for $1.047 million, and now, years later, Maundrell's brokerage is handling the resale. Steinberg apparently took Maundrell's advice: On its first time around #5Q was a 1BR, 2BA condo. Now it's listed as 2BR, 1.5BA (hmm?), and with a slightly curious increase in square-footage from 1,755 to 1,850 (double hmm!). Also up is the perceived value of the space. It's asking $1,349,500. But who can really put a price on that type of proximity to Peter Luger?
· Listing: 60 Broadway 5Q [Aptsandlofts.com]
· Triple Assessment [NYM, third item]

Gretsch Building

60 Broadway, Brooklyn, NY