Lots of Price Cutting at the Park Place Condominium

According to Street Easy, fifteen units at the Park Place Condominium just had their prices cut by more than five percent. Take, for example, this two bedroom; the 1,360-square-foot apartmentment was listed back in November 2005 for $1,199,928 and was reduced to $1,109,000 on Friday.We haven’t been inside, but one thing that strikes us about the photos is the low ceiling height. There were several open houses in the building yesterday. Did any of you go? What do you think is putting a damper on sales?
Park Place Condominium [Street Easy] GMAP
145 Park Place Listings [Corcoran]
Feb 13, 2012 | 10:33 AM