Things appear to be going reasonably well at 166 Montague Street, the swanky condo conversion in Brooklyn Heights. Or, well enough, at least, that the developer has thus far avoided reducing the price on any of the 20 units in the building. Thus far, four units have gone into contract at prices ranging from $850,000 to $1,240,000. The 13 active listings right now are priced at an average of $1,034 per square foot. Do you think they’re going to have to cut prices or should they stick to their guns?
166 Montague Street Listings [StreetEasy] GMAP
Checking In On 166 Montague Street [Brownstoner]
Update on the 166 Montague Street Conversion [Brownstoner]
Franklin Trust on Montague Going Residential [Brownstoner]