clock menu more-arrow no yes mobile

Filed under:

Williamsburg's Gretsch Building Has Great Expectations

New, 24 comments

Williamsburg pioneer condo conversion The Gretsch has never been exactly modest when it comes to resale asking prices. But lately the pricing seems to have gotten a little more, ah, aspirational, to the tune of asking prices that are near double the last sales prices. #2F hit the market earlier this month asking $885,000 after selling for only $455,286 in 2005. Unit #4E wants $765,000, compared to an '05 sales price of $466,440. Apartment #3B, which sold in '05 for $599,749, is now asking $1.195 million. So how's that workin' out for ya, Gretsch? Unit #4E is still holding steady at its initial resale ask, but #2F already took a 4 percent trim, to a new ask of $849,000, after less than two weeks on the market. Are all Gretch sellers this optimistic?
Turns out there are a few Gretsch owners who aren't hoping to reap quite such significant profits when they leave. #6A, a 1BR, 1.5BA that came on the market earlier this month, is asking $749,000 compared to a 2005 sale price of $626,223. And music video director Ed Steinberg, who bought #5Q for $1.047 million, is trying to unload it for $1.295 million, after coming down from a slightly higher $1.349 million. Bets on which unit will sell first and for how much? Place 'em here!
· The Gretsch at 60 Broadway [StreetEasy]
· Gretsch Building coverage [Curbed]