Are sales starting to slow in Windsor Terrace? When we first checked in with 11 Terrace Place in February, people left comments saying the open houses were hopping, and a couple folks noted that the units seemed nice and the development not so bad. While Corcoran’s website shows that seven of the condo’s 18 units have gone into contract since then, Natefind just lodged a price cut on one of the apartments, a two-bedroom that’s dropped from $625,000 to $599,000. That brings the per-square-foot price down to $505; most of the other listings, including the ones that’ve gone into contract, are in the mid-$500-a-foot range. Not exactly a fire sale, but think it’s indicative of a cooling market in the Terrace?
11 Terrace Place [Corcoran] GMAP
Getting a Clue About 11 Terrace [Brownstoner]