It looks like the developers behind 192 Spencer may have been overly optimistic about the kind of prices the industrial section of northwestern Bed Stuy can support at this stage. The 47-unit building, which we’ve affectionately been referring to as the Kodachrome building, just reduced prices on the first seven units it released in September by 10%; according to Streeteasy, a second batch of seven other apartments was also just released. Prices of available units range from $325,000 for a 634-square-foot one-bedroom to $611,100 for a 1,011-square-foot one-bedroom. Surprised that isn’t selling better? We are.
Kodachrome Building Open For Business [Brownstoner] GMAP P*Shark
‘Kodachrome’ Building Underpromises, Overdelivers [Brownstoner]