It shouldn’t come as any great surprise, but sales aren’t exactly booming over at 542 St. Mark’s Avenue (aka ISHI) in Crown Heights. The 14-unit condo development hit the market in May and, as far as we can tell, has yet to get a single deal done. As a result, a second round of price cuts—in some cases bringing the total reduction to more than 20 percent—was instituted earlier this month.
542 St. Mark’s Avenue Listings [StreetEasy] GMAP
Development Watch: ISHI Comes Into Focus [Brownstoner]