What happened? Recently we [mistakenly] reported that 360 Baltic had nearly sold out, with many units snatched up or in contract. Not so. In fact, per Streeteasy, seven units are now for rent, and the Halstead Web site reveals that they are now rent-to-own. Streeteasy still shows one listing in contract, a 1,175-sf three-bed for $935,000. Two are listed as sold and six say “off-market.” Those are now rentals, and they sure ain’t cheap. The three beds are $4,200 and $4,500; two beds are $3,500 and one beds are $2,900. Not sure that will fill the place any faster, though surely some will feel better applying that chunk of change to a mortgage. So, reports from the field? Anybody considering this?
360 Baltic Street [Halstead]