Condos of the Day: The Minerva Not Giving Up Yet
When Corcoran took down the listings for the seven unsold units at The Minerva at 352 21st Street in Greenwood Heights in early August, we (mistakenly, in hindsight) wondered aloud whether the developers were admitting defeat and switching over to rentals. It now is evident that they were just taking an August breather: Over the…
When Corcoran took down the listings for the seven unsold units at The Minerva at 352 21st Street in Greenwood Heights in early August, we (mistakenly, in hindsight) wondered aloud whether the developers were admitting defeat and switching over to rentals. It now is evident that they were just taking an August breather: Over the weekend the listings reappeared on StreetEasy. Given that most of the prices have only been trimmed $10,000 to $20,000 per unit, the developer must be praying for a big surge in post-Labor Day activity rather than a new value-proposition to bail them out. We shall see.
Patrick Brennan’s Listings [Corcoran] GMAP P*Shark
Minerva Condos Pulled Off Market. Rentals Coming? [Brownstoner]
Condo Buyers Not Biting in Greenwood Heights [Brownstoner]
[“chomp chomp chomp” – sound of holding costs]
People are smart. Developers are…
284 20th street is just another piece of rotting fruit that fell off the ugly tree.
What a sickening piece of crap. See a real job at 284 20th street, JON you F’n looser.
to guest@1:20pm: the M and R stop at 25th and 4th avenue. A not too terrible 4 blocks away or so.
to guest@5:08: the way I understand it, the entrance to the right will eventually be a lobby with a staircase and an elevator deck.
With that all said, 600k for a 2 bedroom apartment in this neighborhood is preposterous, especially when I can get a decent looking 2 bedroom apartment a mile to the south for 30% less…
How do you get into this building? Is the garage-door-shaped opening on the right a bank of doors inside an unlit alcove, or is it another entrance/exit to what appears to be a backyard parking lot? Do you have to walk through the garage (a delightful prospect during late-night hours, to be sure) to a door inside or at the back of the building?
All of these things scream brilliant design to me, of course. Certainly worth half-a-million dollars out in no-man’s land…
[sound of con-ed substation]
Plus they can say that it’s only been on the market for a week!
With all the new stuff coming on the market and the turmoil in the mortgage arena, it’s gonna take a hell of a lot more than a $20k reduction to move these if at all
1:14 has it right.
Too much bread for those condos, considering that they are not even remotely close to a subway.