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The folks who brought you The Satori at 342 Bond Street in Gowanus changed marketing teams this week, switching from The Developers Group to Corcoran. While we suppose there’s no harm in trying something new when you’re not getting any traction, we doubt the 34-unit development’s problems have much to do with which broker is pitching its listings. We didn’t have the time or the historic data to figure out whether the switcheroo was accompanied by some significant price cuts, which seems like the far more important element in getting some of these things sold. When we checked in a month ago, there were only two units in contract and another six with contracts pending; as of today, there are 28 27 units for sale with Corcoran, suggesting that at least two of those pending contracts didn’t go through.
The Satori Listings [Corcoran] GMAP
Checking In On The Satori [Brownstoner]
Price Cuts at the Satori [Brownstoner]
Satori Condos Get the Chop [Brownstoner]
Development Watch: 340 Bond Street [Brownstoner]


What's Your Take? Leave a Comment

  1. Only two unit in contract. That tells you something already. I bet this building will go rental, unless the prices are reduce alot and I mean alot. I don’t think they are alot of people willing to pay high prices to live in that neighborhood when you can get something in a beautiful neighborhood.

  2. My wife and I actually went to an open house a couple months ago. The agent said that the mezzanines with the built up floor ( 2′ high cheap construction boxes ) could be removed after you moved in, but if you wanted to resell, you had to add the higher floors back in. Personally I found the positioning of windows to be difficult to fully drape and the stairs between the 2 floors extremely hazardous being narrow and steep ( I would never want my kids running up and down those ). The Developers Group used to have floor plans on their site as well as some better photos, but all of the photos were only of the one show unit.

    In addition the Satori is pretty close to the F/G.

  3. Heather, haven’t seen any radon-filled chambers there, but I do have a bunch of floor plans that the Developers Group people sent me a while back. If anyone wants to see them, let me know and I’ll forward to your e-mail. Agree that the corcoran people need to get their act together with floorplans, photos, and open house schedule. I know they are planning a “launch” (re-launch?) on the 23rd.

    I guess I walk between tybur6 speed and ragincajun’s – takes me 7 or 8 minutes to walk from that spot to the Union Street ‘R’ station.