Checking In: On Prospect Park

Get 'em while you can: According to Streeteasy, On Prospect Park has 15 active listings left, including the $6,000,000 penthouse or the bargain one-bedroom for $840,000. Forty-one units are in contract (sorry, that $4.4 million four-bedroom's gone), and 23 have sold since January, 2007; the last one was on September 19th, a $940,000 one-bedroom on the fourth floor. Not exactly flying off the shelves, but developers are hanging tough: no price reductions have been issued. In fact, prices have increased in four units.
On Prospect Park [Official Site]
On Prospect Park: Ready for Close-Up [Brownstoner]
Brooklyn Can Finally Get Down With OPP [Brownstoner]

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Insert my usual reaction to asking prices here.

Posted by: lechacal at September 25, 2008 11:45 AM

There's a prospect park in manhattan too?

Posted by: A Guest at September 25, 2008 12:09 PM

http://www.nypost.com/seven/09252008/gossip/pagesix/architect_sons_zany_charges_130592.htm

Interesting Meier story.

Posted by: A Guest at September 25, 2008 12:29 PM

get em while you can and not exactly flying off the shelves.

real estate is confusing sometimes.

Posted by: billyboomer at September 25, 2008 12:32 PM

this is actually impressive that they've gotten this done with no price cuts. have to admit i am surprised.

Posted by: guestula at September 25, 2008 12:37 PM

I also am surprised. I doubt the developer will give accurate information on whether they are covering mansion tax, closing fees, lawyers fees, etc, making additional improvements or giving other incentives to get deals done at "asking price."

Posted by: lechacal at September 25, 2008 12:40 PM

A_Guest, why is that link at all interesting? Sad and morbid, maybe, but definitely not interesting.

Posted by: likes2lurk at September 25, 2008 1:03 PM

since when does interesting have to be positive?

Posted by: A Guest at September 25, 2008 1:40 PM

I wonder if you walked into the sales office with $5,500,000 in cash whether they'd be willing to come down on that penthouse? Methinks yes!

Posted by: in context at September 25, 2008 2:59 PM

"...or the bargain one-bedroom for $840,000"

Mr. T is running through my head, growling "I pity the fool..."

Posted by: sdrubbins at September 25, 2008 4:10 PM

Where are all of the people who claimed that this would be a colossal failure? Funny how those types disappear when faced with a reality that contradicts their pessimism.

Posted by: Big Jugs at September 25, 2008 9:30 PM

114 units in the building.

41 in contract.

Not exactly a colossal success, either.

Posted by: SnarkSlope at September 26, 2008 12:42 AM

« Ask the Brooklyn Historian: Mysterious Flatbush Plaque Inside Third & Bond: Week 55 »

September 25, 2008

Checking In: On Prospect Park

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