The Verdi on Adelphi continues to be plagued by slow sales, and its situation is finally reflected in the pricing. Streeteasy shows asking prices dropping around 14% yesterday, leading to a $100,000 cut for the most expensive unit, a 1,002-square-foot two-bedroom. It’s now $599,000 instead of $699,000. Not really a surprise to us; sales were slow back in January when we last posted about it. Only three units are in contract, with 11 more waiting for owners to snatch them up. Could the architecture have something to do with it? Or maybe proximity to the BQE? Evidently, all that glitters is not gold.
The Verdi [Corcoran] GMAP P*Shark DOB
Verdi’s Sales Like Its Architecture: Ugly [Brownstoner]
At Verdi, All That Glitters Ain’t Gold [Brownstoner]
New Development: Verdi on Adelphi [Brownstoner]