Looks like revamping the marketing strategy for Lefferts South wasn’t enough to jumpstart sales at the condo. Streeteasy is showing price cuts between $20,000 and $44,000 on five of the Caton Avenue building’s remaining nine units. When the building first started selling last February, apartments were asking around $500 per foot—prices that seemed fairly high for the neighborhood. Now that units are selling for slightly less—between $375,000 and $499,000—it’ll be interesting to see whether there’s more interest, and whether these prices impact what nearby developments like Caton Court are asking. Where’s the bottom on this baby?
Brokerage Switcheroo at PLG Condo Project [Brownstoner] GMAP
2233 Caton Avenue Listing [Prudential Douglas Elliman]
New Development: The Oddly-Named Lefferts South [Brownstoner]