The Real Deal New York

Karim Rashid pays $2.8M for Williamsburg pad

Designer will use condo at the Edge for investment purposes

January 14, 2015 04:18PM
By E.B. Solomont

From left: Karim Rashid and the townhouse at the Edge

From left: Karim Rashid and the townhouse at the Edge

Karim Rashid is paying $2.78 million for a condo at the Edge in Williamsburg. 

Rashid, known for designing psychedelic buildings for HAP Investments in Harlem and Chelsea, bought a 2,530-square-foot duplex townhome at the Douglaston Development project. Rashid will use the apartment for investment purposes, according to agent Avi Alkotzer of Blu Realty Group, who represented the designer in the deal.

“Williamsburg is very expensive, but it’s still up and coming,” said Alkotzer, who has helped Rashid buy and sell several properties over the past four years. “There’s more room to grow with all the new development going on there.”

Halstead Property’s Harkov Lewis team had the listing.

The condo previously sold for $3.25 million in March 2013. It was listed in September for $3.25 million. Rashid closed on Jan. 9.

In addition to a private entrance, the pad has an attached, private parking garage. It has three bedrooms plus an office that has a sleeping loft area.

 

 

  • Rick

    Why is this news exactly? Another person buys another overpriced apartment in a crappy new condo that they don’t plan to live in. AND????

  • no-permits

    who?

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