Real Estate Weekly
Hopestreet Capital’s new Hendrik condominium project is offering would-be residents an escape hatch from townhouse living. The building, which is still under construction, is providing buyers the chance to bypass the inconveniences of living in Brooklyn while living in Brooklyn.
“Not everybody wants to live in a townhouse,” said Hopestreet Capital Partner Sha Dinour. “I live in a townhouse. You have to go up and down the stairs all the time. It’s hard. People love to live in a townhouse street. But not everybody loves to live in a townhouse.”
Dinour said that his firm’s new project, which is located at 509 Pacific Street, nullifies two barriers to living in Boerum Hill: the high cost of buying a townhouse and the additional cost for renovations. “In this neighborhood, because it’s mostly townhouses, there’s either a very high threshold of purchase price to buy in this neighborhood. And then, for the most part, you have to take on renovations that could be costly and a headache. And not everybody has the stomach for it,” Dinour said.