When the current owners of this condo at 119 North 11th Street in Williamsburg bought the two-bedroom pad five years ago, it was in need of some major TLC. Its historic bones–brick walls, beamed ceilings, and exposed piping–got lost in drab white walls and yellowed parquet floors. But after an extensive gut renovation, the apartment displays both its loft features and hip, modern additions. Now, the owners have enlisted the same broker team to sell their home for $2,985,000.
119 North 11th Street
We’re guessing the words “genuine” and “Williamsburg” are spending less and less time together these days, but if you look diligently, you can find the odd authenticity–a big, pretty space that’s actually live/work friendly and isn’t a shiny, overpriced condo calling itself a loft. This one-bedroom-plus-office apartment at 119 North 11th Street looks to be just that. Occupying the third floor of a former paint factory taken over by artists over 30 years ago, it’s approved for mixed use, allowing live/work opportunities. Seeking a rental tenant for $6,800 per month, the space has many of the comforts of those shiny new buildings–central air, a washer/dryer, a roof deck with great views–without the shiny new.
The 1,800-square-foot pre-war loft in the Northside Arts Industries Condominium is as classic as it gets, with impossibly high ceilings, exposed brick, wood beams and pipes and a flexible layout. The New York Times tells us that the building was developed back in 1983, when the neighborhood’s north side was a burned-out jumble of factories, ethnic enclaves and a smattering of artists. The latter had come to escape Soho rents, taking over abandoned factories and warehouses and paying rents that averaged around $550 a month for a one-bedroom apartment. In 1986, a loft space in the building could be rented for $5 a square foot. Today, a sprawling home at 119 North 11th Street asks $8,500 a month ($57 a foot) and the trendy and amenity-packed neighborhood’s artists have (mostly) escaped eastward once again.