Price Cuts at 502 1st Street

502-1st-Street-Brooklyn-0209.jpgIt’s been a couple of months since the condo conversion made their debut and so far the sellers are coming up empty. So it’s price-cut time: All four units have been reduced by between 8 and 13 percent. Post-cut asking prices now range from $629,000 for a one-bedroom duplex to $1,050,000 for a well-laid out two-bedroom duplex that includes the parlor floor. Think this cut’s enough to start getting some deals done here? GMAP

By Brownstoner |