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338 Berry Street
Brooklyn, NY 11211
Todd Lewin with Compass, original listing -
$2,995,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
1936 Square Feet
Property Description
Welcome home to Garden E at 338 Berry, a one-of-a-kind 3+ bedroom unlike any other home in the neighborhood. This townhouse style property offers space, volume and privacy all in a beautiful converted factory constructed nearly 100 years ago. Defining features of this garden residence include 12-foot concrete beamed ceilings, nearly 2,000 interior square feet, a bonus family room, 700 square feet of private outdoor space and stunning Paris Forino interiors. This is your chance to live in a full-service loft condominium that feels like a single family home; all in the heart of South Williamsburg. Step into Garden E's dramatic 42-foot-long great room with floor-to-ceiling doors and a wall of windows. The impressive expanse of 12 foot ceilings and bright natural light sets the tone for this impressive home. Anchoring one side of the massive entertaining space is a beautiful and highly functional open island kitchen with separate refrigerator and freezer, state of the art appliances, Danby marble countertops and backsplash, and an oversized breakfast bar. Adjacent to the kitchen is a walk-in-pantry, concealed trash and recycle bins, a coffee bar, and laundry room. The great room is airy, spacious, bright and pin drop quiet. Separate dining and living areas open outdoors to a fully landscaped 700 square foot private garden with a dedicated gas line BBQ. Off the living room is arguably one of the home s best features: the highly coveted family room enclosed by beautiful custom glass and steel casement doors. This room could easily be programmed as a large home office, a playroom or a fourth bedroom with tasteful millwork and tons of built-ins. A long hallway leads to the home s three bedrooms. The master bedroom features two walk in closets, a luxurious master bath with a walk-in-shower for two, Nero Marquina marble, a brand new custom double vanity and additional custom storage. The second and third bedrooms are equally generous in size and they share a full bathroom with a tub shower combo, a brand new custom vanity and integrated laundry and linen closets. Both the master and second bedroom have direct access to the private outdoor space and the entire home features 7 white oak floors, stunning Italian lacquer closets, a powder room, central A/C & heat, and ultra-quiet soundproof windows. 338 Berry is a former factory converted to a full-service condominium. The building features a live-in resident manager, a doorman 7 days a week, fully equipped gym, bike storage, cold storage, building garden with a fire pit and an eighth-floor roof deck with an adjacent resident lounge. Surrounded by the best of the best in restaurants, bakeries, cafes, boutiques and neighborhood hotspots, 338 Berry is perfectly positioned in the vibrant Southside of Williamsburg, moments from Domino Park and the waterfront. Walk to the L train in ten minutes, the M train in six minutes, take the ferry or be on the Williamsburg Bridge en route to the LES and Nolita in a matter of seconds.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
--
MLS Number
--
Location
Address
338 Berry Street
City
Brooklyn
State
NY
Zip Code
11211
County
KINGS (NORTHEAST)
Listing
Provider
Name
Phone
(646) 980-3258
Office Name
Office Phone
Agent Name
Todd Lewin
Agency Phone
(646) 586-8268

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.