Corcoran just whacked about 14 percent off the asking price on one of the units in the brownstone condo at 38 7th Avenue. Some readers may remember that this development got some nice press from the New York Post back in May of this year. And from where we sit, they didn’t a decent job on the reno. Looks like the apartments haven’t exactly flown off the shelf though. In addition to the 841-square-foot place that Corc just marked down from $729,000 to $629,000, Aguayo & Huebener has a 1,733-square-foot duplex with roofdeck on the market for $1,199,000 (at which there’s an open house on Sunday). Since Aguayo started out as the exclusive broker, we wonder whether the developer has brought in Corcoran or whether the unit it is selling is a flip. Update: Turns out Corcoran and Aguayo have been the co-exclusive agents from the get-go and that the price cut was building-wide and driven by the owner.
7th Avenue Condos [Corcoran] GMAP
Co-ops and Condos [Natefind]
38 7th Avenue [Aguayo & Huebener]
Sales Start at 38th Seventh Avenue [Brownstoner]