Is the building boom in Greenwood Heights resulting in too much supply or is the quality of the projects turning buyers off? That’s the question in the wake of price cuts at three new condo projects in the area. Prices have recently been reduced by about 10 percent at the Green Hill Condos (top left) at 324 22nd Street where all seven units are still available. With only one out of eight units in contract, prices at The Minerva (top right) at 352 21st Street were recently trimmed by 3 to 5 percent. Likewise, at the Greenwood Hill Condos (bottom right) at 313 23rd Street, where about half of the 32 units have been spoken for since hitting the market over six months ago, four units were reduced by more than 10 percent last week.
Here are the reductions listed on Streeteasy:
324 22nd Street
352 21st Street
313 23rd Street
New Development: Greenwood Hill Condos [Brownstoner]