vermeil-07-2008.JPG
After months of poor sales, the developer of the Vermeil and his in-house brokers (who had originally jumped ship from Brown Harris Stevens to take on this gig) have parted ways. Stepping into the breach: Corcoran. The listing hasn’t hit the Corco website yet, but the development’s home page shows that seven of the 22 units listed as sold. The priciest apartment still available is a 1,758-square-foot penthouse for $1,850,000. We’ll see if the House That Babs Built can do the trick.
First Closing at The Vermeil [Brownstoner] GMAP
Condo of the Day: Price Cut at The Vermeil [Brownstoner]
Update on the Vermeil [Brownstoner]


What's Your Take? Leave a Comment

  1. Oh my gosh, what’s the debate. They’re overpriced, period. That’s the one and only reason these aren’t selling.

    It’s well designed and very well located. Flatbush or the plane crash are not why these units aren’t selling. They’re not selling because they cost too much for how much space you get especially in the combined living room/dining room/kitchen area which is small. I looked at the model unit when we were weighing whether to buy a larger condo or a house. We chose a house.

  2. I’d probably prefer the Meier building also if I was into new construction, but I believe the 3 bedrooms there are about 500K – 1 million more than these, so that’s not really a good comparison.

    A brownstone on one of these North Slope blocks will run around 3 million, so also not the best comparison.

    These are not for people who want to own an old house. I don’t think the buyers are the same. Some people want to live in Park Slope, but have no interest in maintaining a 100 year old house.

    That said, I think if they priced these around 1.4 or so, they’d get a few more bites.