Desperation Leads to Sealed Bids at Shangri-La

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The developers of the Shangri-La at 710 Sixth Avenue in Park Slope have, evidently, lost patience with the lack of buyer interest in the building. (Not surprising: Only one out of 16 units has gone into contract, according to Streeteasy.) According to these cries of desperation that appeared in the New York Times this weekend, they’re accepting sealed bids until 5 p.m. today. How low can you go?
‘Shangri-La’ No Paradise for Buyers. Or Brokers. [Brownstoner] GMAP
New Development: Greenwood’s Shangri-La (Not) [Brownstoner]
Listings: 710 Sixth Avenue [Prudential Douglas Elliman]

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By Brownstoner |