This is a very healthy market with a pretty diverse mix of product unless you're looking for full-service. That's coming, but probably not for another 5 years. There are a lot of people who only want to buy in Greenpoint, so like a less
extreme version of northside Williamsburg, everything is selling quickly with
multiple offers. A few weeks ago 48 Box St at the far north end near the
Pulaski Bridge sold out everything in one night with multiple offers over ask.
The last six months have held
pretty steady, on average just under $700/sf (excluding ground floor duplexes).
Since twice as many one-beds traded during this time as two-beds, I saw a
pretty big difference in ppsf. One-beds averaged $664/sf, while two-beds were
closer to $726/sf. Elevators, outdoor space and views near a train will get you
up in the low 800’s. I don’t know the results of all the recent bidding wars in
this area, but this average is definitely trending up.
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