Karim Rashid pays $2.8M for Williamsburg pad

Designer will use condo at the Edge for investment purposes

TRD New York /
Jan.January 14, 2015 04:18 PM

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.

 
 

Related Articles

arrow_forward_ios
Clockwise from left: 329 Pleasant Avenue, 419 East 117th Street, 2338 Second Avenue and 2211 Third Avenue with HAP CEO Eran Polack 

HAP Investments pitching East Harlem rental portfolio as $130M upside play

Renderings of 601 West 29th Street and Jeff Levine (Credit: CityRealty and Douglaston)

Douglaston brings in new partner on West Side resi tower, lands construction loan

HAP lines up $53M construction loan for Washington Heights project

Wanted: $415M in construction financing for Douglaston’s Hudson Yards project

At the desk of: Benjamin Levine

Douglaston leases Hudson Yards site, paving way for 931-unit tower

HAP files plans for 41-unit condo development in Tribeca

These were the biggest Q1 deals in Brooklyn

arrow_forward_ios