Contrary to what developer Jeff Levine indicated when he spoke last month at the Brooklyn Real Estate Roundtable, a first round of price cuts has started at The Edge in Williamsburg. According to StreetEasy, ten units have been reduced so far. One of them—Apartment #3G-N—had its price cut from $1,690,000 to $695,000 (which seems like it must be a typo). A 654-square-foot one-bedroom which used to be $755,000 is now $530,000, a reduction of 30 percent. Think this will get buyers’ attention?

UPDATE: The Edge HAS NOT cut prices. There was a mix-up with how the price information was input. We now return to our regularly scheduled programming.

Development Watch: The Edge [Brownstoner]
The Edge Tops Out [Brownstoner] GMAP
The Edge Sells Burg’s Most Expensive Condo [Brownstoner]
Development Watch: The Edge [Brownstoner]
Development Watch: The Edge [Brownstoner]
Photo by mugsniffer