On the heels of the news that the developer of One Brooklyn Bridge Park has started renting out a small portion of the 300 or so units that remain vacant comes word of price reductions at 15 apartments in the fancy waterfront complex. The affected units range from a 589-square-foot one-bedroom that started out asking $500,000 last December before dropping to $415,000 in June and then $325,000 last week (35 percent off peak!) to a 2,295-square-foot four-bedroom that started out at $2,750,000 before going to $2,295,000 and now $1,995,000. Are these levels starting to get interesting yet?
Renting 1 BBP: ‘We Would Like Things to be Different’ [Brownstoner]
Rentals, Price Cuts and Loan Extension at 1BBP [Brownstoner] GMAP
Levine Talks One Brooklyn Bridge Park Closings [Brownstoner]