Incredible shrinking prices on St. Felix condos
When we first highlighted the condos at 31 St. Felix on this blog, the prices for all 3 units were $1MM plus. But then months later, all 3 dropped to $795, $895 and $995K. Still, none sold. Now, Elliman, who along with Harbor View are the listing brokers, have cut them another $100K each, to $695K, $795K and $895K.What gives?? How low do these have to go before someone snaps a unit up?
C'mon, these deserve a look but I'm sure there's a reason why none has sold. Can anyone tip us off?
6 Comments:
Yeah, it's pretty ridiculous that there are so many people who have actually swallowed the kool-aid and payed 'more' for a brooklyn apartment than they would have to pay for some manhattan apartments. I've been to the building, and it's overpriced for sure. The area rocks and all, but come on, they are charging luxury prices based purely on the 'potential' of a high-end Fort Greene community. And while it's looking like that luxury Fort Greene reality is on track, still, it's not here yet, so paying for potential is foolish. You pay high prices to move into a building in an established high-end area, with high-income people. Fort Greene, and certainly not that block, is not quite there yet.
There's got to be an end to this rampant gentrification at some point. Many high-paid jobs are moving overseas, and the brain drain is hitting the US hard. So this 'gentrify every part of new york at hyper speed' trend can't last.
can it?
the lowest priced $695k apartment is only $630 psf. somehow, i find that very fair.
i'll go out on a limb and say that with this round of cuts, someone may make a bid.
ummm...has anyone noticed how laughably small the bedrooms are? You can't just stamp "luxury" on a building an hope buyers don't notice you aren't offering them garbage.
ummm...has anyone noticed how laughably small the bedrooms are? You can't just stamp "luxury" on a building an hope buyers don't notice you're just offering them garbage.
with bedrooms that small, they would have to lower these units another 100,000.
Post a Comment
<< Home