Some price cuts have come through the StreetEasy wire for the small condo at 368 12th Street, between 6th and 7th avenues. Like the 16th Street Condominiums, which we checked in on about a month ago, this masterwork comes from BK Developers. Prices were cut last week on the three active listings at 368 12th. The biggest cut was on the smallest and cheapest unit, with a 685-sf one-bedroom going from $550,000 to $449,000. The bigger units got smaller reductions: A 1,045-sf two-bedroom, for example, went down only 2 percent, from $685,000 to $670,000. Three units in the building have closed since sales began in June ’08, and StreetEasy says another is in contract.
368 12th Street Listings [StreetEasy] GMAP