How’s it going at 160 Imlay St.?
Eye On Real Estate
Construction sites are sooo much fun to spy on.
Whether they love or loathe development or have mixed feelings about it, New Yorkers do a lot of peeking at building projects.
But January’s arctic blasts can cool their ardor for ambling around outdoors. Not to worry, though. We keep making our rounds of Brooklyn construction sites in Winter, Spring, Summer Or Fall. (Hmm — sounds like a Carole King lyric.)
The other day, we visited Red Hook’s 160 Imlay St. — the ghost-white, cast-in-place-concrete structure known as the New York Dock Co. building, which developer Est4te Four is turning into condos.
The iconic industrial property, which is more than a century old, is windowless at the moment and covered by shrouding while workers do their thing.
We saw a backhoe rumble in and out of an open door on the street side of the property. A temporary construction elevator was attached to the side of the building facing the waterfront, and a tall crane stood close by.
Patty LaRocco of Douglas Elliman is in charge of condo sales at 160 Imlay. She deserves a Bravissima! for her marketing campaign, as Est4te Four executives, who did their first high-profile project in Milan, would say.
According to StreetEasy.com there are sale contracts for 53 units — and the highest price so far is $5,397,840 for a 3,831-square-foot apartment. That works out to $1,409 per square foot.
The prices of some of the condos are $1,000 per square foot; others are priced a bit lower than that, the sale contracts listed in the StreetEasy.com posting indicate.