While they may already be flipping units at the J Condo, the neighboring Beacon Tower in Dumbo is still trying to move its sponsor units and having to resort to price cuts in the process. Just yesterday a couple of reductions showed up on Natefind (screen capture on the jump). The two-bedroom pads were cut from $995,000 to $950,000 and from $960,000 to $920,000 respectively. Given that both apartments are 1,165 square feet, those asking prices are still feeling high to us. How’re sales at the Beacon doing in general?
Beacon 2BR for $950,000 [Corcoran] GMAP
Beacon 2BR for $920,000 [Corcoran]