After a cold-weather hiatus, work at Red Hook's 160 Imlay Street is back on. The Brooklyn Eagle strolled by the former New York Dock Company building to find construction workers plowing ahead with the conversion of the concrete industrial building into 70 (very expensive by Red Hook standards) condos. It seems like project developer Est4te Four has been busy buying up land in the low-lying waterfront neighborhood. Along with the conversion of 160 Imlay Street, which introduced some of the most expensive condos the neighborhood's ever seen, the company's also rumored to be scheming a massive waterfront tech hub just a few blocks to the south.
The 70 condos at 160 Imlay Street appeared on the market in September asking between $1.28 million and $2.86 million. All 46 listings in the building that appear on StreetEasy are in contract, with asks ranging between $862,875 and $5.397 million. The building's average price per square foot is $1,036, which is nearly double the neighborhood's average of $560.
· Construction keeps on rolling at 160 Imlay St. in Red Hook [BE]
· 160 Imlay Street [StreetEasy]
· All 160 Imlay Street coverage [Curbed]