It’s looking like units at Park Circle may not be well-rounded enough for buyers. Natefind’s been reporting a whole lot of reductions at the 59-unit Boymelgreen condo, which is on Coney Island Avenue just south of Prospect Park, on the border of Windsor Terrace and Kensington. Units at the development are large (most between 900 and 1,500 square feet) and averaging in the mid-$400 to mid-$500-a-foot range. A two-bedroom, two-bath just dipped from $660,000 to $585,000, and a couple other units posted $50K cuts. Seems like Park Circle’s prices are reasonable enough for the area, though the Coney Island Avenue location’s a bit bleak, and the thoroughfare’s traffic can’t be much of treat. Now that condos here have been on the market for about a year, maybe Boymelgreen & co. are starting to get a lil’ antsy. How low can they go?
Park Circle Listings [Corcoran] GMAP
Park Circle Apartments Already on Market [Brownstoner]