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Resales at the Vik Ballard

By March 6, 2017

vik Ballard

Remarkably when the Vik Ballard, a 117-unit building completed last year, was done, there was only one “flip”, someone who sold immediately upon closing. It was unit 614 which was bought for $422,900 and flipped for $500,400.

About a year after completion we’ve seen a handful of units sell.

  • #218. Sold for $689,900 new, resold for $693,500 on 2/2/17
  • #412. Sold for $395,950 new, resold for $520,000 on 2/16/17
  • #112. Sold for $389,900 new, now pending (was listed for $449,950)

And there are two on the market, #307 (update: now pending), and then #213 was listed today.

Here’s a look at #213. They paid $241,900 last March (though we don’t know how early they were in reserving a unit) for a 529 square foot 1 bedroom, 1 bathroom that is now listed at $349,950.

The unit looks great, has crazy low HOAs, and with no rental cap will surely be attractive to investors looking to have a low-maintenance rental unit close to the heart of Ballard.

Listing provided courtesy of Robert McGarty, Bushwick.

Update: Posted updated to correct that there was one flip upon the building being completed.

I’m the founder and managing broker of Urban Living. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

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