161 Columbia Street Ready for Occupancy; Newly Reduced Waterfront Condos Start at $1.349M

Rendering by Bricolage Designs

Thursday, Jul 19, 2018 By CityRealty Staff, CityRealty contributor

Last fall, sales launched at the newly built 161 Columbia Street, a four-story, gray brick condominium with enviable waterfront views. The building is now ready for occupancy, and it just got a little easier to get into: Prices have been reduced on four apartments currently on the market, allowing them to start at $1.349 million and bringing the penthouse to under $2 million. The new average of $1,202 per square foot is in line with the Cobble Hill average of $1,244 per square foot (CityRealty data).

Available listings include a one-bedroom with a private backyard, two-bedroom units with private balconies, and a penthouse with a private roof terrace. All apartments feature high ceilings, wide plank oak floors, energy-efficient heating and cooling systems, laundry room, and kitchens outfitted with Miele appliances, custom light-gray cabinetry, and Italian marble countertops. Building amenities include basement storage and bike room.

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Floor plans via Corcoran

Inconvenient subway access may be holding potential buyers back, but there is much to admire in the Columbia Waterfront District. By virtue of its low-scaled buildings and waterfront location, residents can enjoy postcard-perfect East River and Manhattan skyline views. And while new development is breathing new activity into the neighborhood, one thing that has not changed is respect for its history and geography: New townhouse rows have gone up in the neighborhood, and sales at the nearby Merchant House recently launched with listings starting at $1.499 million.

Google Earth aerial map of 161 Columbia Street

161 Columbia Street circa July 2018 via Ondel/CityRealty

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161 Columbia Street Ready for Occupancy; Newly Reduced Waterfront Condos Start at $1.349M

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Price Cuts: "Big" screenwriter's Cobble Hill townhouse trimmed by $900K; Lantern House junior penthouse drops below $10M