Another FHA Special Launches, This Time on the Northside


Getting your new condo building approved by the FHA seems to be about the best way to ensure some traction in the God-forsaken market. (The Times trumpeted the growing popularity of FHA loans a couple of weeks ago.) The success of 15 Judge Street is a sign of just how much juice being able to offer 3.5 percent down deals can add to a marketing effort. If the FHA thing can work for a bland building in East Williamsburg, then we imagine it will be quite a hit for a glassy new building on the Northside of the Burg. That's gotta be the hope at least at 229 North 8th Street, a seven-story, 54-unit project that hit the market a couple of weeks ago. The units range from 670 square-foot one-bedrooms starting at $425,000 to 1,150 square-foot two-bedroom, two-bathroom units, priced at $659,000. Bottom line: You could be owning one of these pads for only $15K down. GMAP

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