Last month we spotlighted how the once stalled condo development at 189 Schermerhorn in Downtown Brooklyn, somewhat strangely named Be@Schermerhorn, had come back to life and was selling units with a vengeance.
Two months later this trend shows no signs of abating: the building is now 75% sold, according to Curbed NY, after being 50% sold in September.
In six months it sold 75% of the 246 units, and if our math is correct, that’s somewhere right around 184.5 units, or almost 30 units per month, or, on average, one unit per day. At that rate it’s going to be full in no time.
Which leads us to ask: Recession? What recession?
Demand is high for DoBro housing, clearly, despite the lack of a grocery store and jobs. Think the addition of a Shake Shack will increase the demand?
Either way, DoBro is on the move, clearly.