A bunch of units (well, seven to be exact) at 475 Sterling Place in Prospect Crown Heights had their asking pricing reduced, according to StreetEasy. Back in February we reported that 18 units had closed to date and that another four were in contract; it’s hard to tell from StreetEasy if there’s been any action since then. Regardless, we’re surprised at the timidity of the price cuts. They’re all around 5 percent. In this market, why not step it up a little? This place is relatively nice and all but, as a developer, time is your enemy right now. Cut ‘em and move ‘em!
475 Sterling Place Listings [StreetEasy] GMAP
Checking Back In On 475 Sterling Place [Brownstoner]
Checking In On 475 Sterling [Brownstoner] P*Shark
475 Sterling Ready for Prime-Time [Brownstoner]
Time Lapse: 475 Sterling Place [Brownstoner]
Development Watch: 467 Sterling Place [Brownstoner]