Renovated Loft covered in New York Spaces

New York Spaces, “The Home Design Magazine of Metropolitan New York,” features one of the lofts we sold at 11 Creek Drive. One of our favorite developers created these lofts in the shell of a 19th-century silk factory. It now features gorgeous art-deco styling, and functions as both home and gathering space. Check out the article for more details and photos:

https://www.newyorkspaces.com/article/A-Loft-in-a-Former-19th-Century-Silk-Factory-in-BeaconNY-Gets-an-Industrial-Chic-Makeover-20180109

1 East Main Street: Start to Finish


1 east main pre renovation 2012-10-11_17-26-49_841
Before
1 East Main outside renovated
After

 

1 East Main abandoned graffiti 1 east main outside boarded up 1 east main original condition

1 East Main Street has been one of the most exciting projects I’ve been involved with in Beacon.  Since opening my office in 2001, this massive 30,000 sq. ft., 4 story factory building has been sitting across from me at the corner of East Main and Main waiting for transformation.  This diamond in the rough, with handsome architectural details like huge windows and massive beams and perfectly central location downtown made it prime for conversion… yet it sat for another 15 years.
1 East Main Street historical photo1 East Main historical photo parade history1 East Main historical photo train crash into building

1 East Main St. has a long history of factory uses, from electric blankets to baby carriages to everything in between.  It sits on the shores of the Fishkill Creek, which in the industrial-age powered three factory clusters downtown:  the Roundhouse, 1 East Main St. and Churchill St.  The original factory building on the East Main site was a cotton mill that dated all the way back to 1814.  In 1912, the Schrader Hat Company added the additional large brick building (now 1 East Main) to use for the nation’s most modern manufacturer of straw hats. Like many of these sites, it morphed over the years due to use, needs and destruction (it was hit by a train!)

In 2002, on the verge of Dia opening, Beacon was hopping and the entire block from 1 East Main to Churchill Street was bought by a developer.  Even though the building was still a functioning countertop factory up until the sale, the appearance of the building was shabby and abandoned looking with a mixture of broken and boarded up windows.  The developer had lofty ideas but nothing happened and the building sat.

1 East Main Street before

For years to follow, whenever I would walk by the building with clients they would always say “Wow, what a cool building!  Someone should do something with it.”  I would sigh to myself… “I know…”

Finally around 2013, the owner (who by then had become a client) had decided it was time to sell.  These large sales can be very complicated with all kinds of contingencies like financing, environmental and use approvals.  Often they take years to close and this was no exception.  We had several developers looking and considering but in the end McAlpine, who I had previously brokered the deal together for on the Roundhouse campus across the street, won out. Over two years later, it finally closed.

Having a beat on where the market is going and what people are looking for and willing to pay, is how I bring value as a real estate broker to my developer clients.  I worked with the developer on the plans and pricing of the new units which ended up being a mix of 19 residential and 4 commercial condos.  As soon as the offering plan was approved, we began selling the units pre-construction.

1 East Main Retail Lambs Hill Bridal Boutique IMG_8649

As expected, the project was hot!  We sold all 19 residential condos and 3 out of 4 commercial condos before any of the residential COs were issued.

DSC_0061 1 East Main condo porch1 East Main finished 7 1 east Main condo porch outside 1 east main condo window

Now the building looks gorgeous and is full of life again.  I’m thrilled and proud to have been involved in this project, and happy to be bringing prosperity to Beacon.

-Charlotte

The black and white historical images have been sourced from “Images of America: Historic Beacon” and “Images of America: Beacon Revisited,” by Robert J. Murphy & Denise Doring VanBuren.

 

 

Best Real Estate Experience

In fifteen years of owning property in Beacon I’ve worked with several Beacon realtors; working with Charlotte Guernsey at Gatehouse Realty was far and away the best experience I’ve had.  Charlotte’s knowledge of Beacon real estate and the buying/selling process is superior. She priced my building correctly, responded immediately to calls and emails, and was helpful in ways I wouldn’t have expected.  I highly recommend Charlotte and her firm.

-LuRaye Tate

Sold in 6 Days for Higher than Asking Price

Me and my siblings had to sell my parent’s house in Beacon. We called Charlotte to come over and give us an appraisal. She came over that day. The house was in need of repair and we were selling it ‘as is.’ We figured the appraisal would come in very low. To our surprise, it was much higher than we ever expected! She emailed me the detailed information the next day. We also had gotten another appraisal from a different realtor and his estimate was $120,000 LESS than what Charlotte had given us. We, obviously, chose Charlotte to sell the house and I couldn’t have been happier working with her and her team. Most of our communication was through emails. For me, it was very convenient. She responded very quickly to questions and she gave me progress reports along the way. There were two very interested buyers. To our delight, the house sold in 6 days for $47,000 MORE than asking price, cash buyer, no contingencies! Hands down, we would highly recommend Charlotte and her team as the real estate agency that can get a house sold. I would not hesitate to work with Gate House Realty again in the future. Thank you Charlotte for an incredible house selling experience!

-Brenda Sramek