Satori Developers Try for a Mulligan

Hey Brownstoner, I think it's 27 units available if you want to update your story, not 28; the 630 Union St listing in the middle of that page on the Corcoran site you link to is not at Satori. My understanding is that there were 6 or 7 signed contracts with another 4 or 5 offers accepted at this point. They need 50% or 18 to begin closings, I believe. The # of Ks they have signed now lets them declare their condo plan effective, and they are hoping to get their C of O by the 15th.
I agree they need some price cutting, to the top and bottom floor units, based on what I've seen recently on the market - something I relayed to TDG a couple of times, with my comp evidence. I think that's only a matter of time, and it may be that while they haven't lowered ther prices any further officially, they may be getting more flexible in their negotiations. Some of the comps I sent them had been holding out at higher levels for a much longer time (11/07) before getting very 'real.'

The units are pretty damn nice inside, IMO, after looking at just about 30 buildings in Brooklyn and LIC during my search. I think your exterior shot used in the story is very flattering, especially with the trees now in bloom.

I'd be interested to see how how their sales compares with other new Brooklyn development on sale for roughly the same length of time - given the market, I think Satori isn't doing that badly right now.

Posted by: johny0299 at April 10, 2009 10:13 AM

Everyone knows the canal is dirty; I would think if the EPA actually gets it added to the list of national priority sites (just a proposal at this point) that means it will be getting cleaned up - a plus as far as anyone considering living in the area is concerned, no?

The views from the roof are pretty cool, since there is nothing high rise in the immediate vicinity. You can see a long way to the east across the Park, downtown Bklyn, lower Manhattan...I know, the canal ain't exactly pretty.

Posted by: johny0299 at April 10, 2009 10:28 AM

aarhh, terrifyin' ain't it - and ye forgot to mention the minions of doom that be inhabitin' the nearby wastelands of Smith and Court Sts...poor, wretched souls.

Posted by: johny0299 at April 10, 2009 10:40 AM

Really? Not close? Seemed like about a 4 min walk Smith to me...or did you mean not comparable? I think Ragincajun was being sarcastic, I was just trying to continue that theme. Sorry if I have offended, I was not trying to say that Smith is the same as Bond, just that I think some posts have given the area around the buiding a bad rap. Those aren't necessarily unfair opinions to have, just trying to share another view. Yes - these are my first posts, no I'm not with corcoran nor am I a broker - just a buyer, so I certainly DO have a bias, though my subjective opinions are clearly (I would have thought) just that; I won't try to disguise them as facts.

Posted by: johny0299 at April 10, 2009 11:45 AM

Heather, haven't seen any radon-filled chambers there, but I do have a bunch of floor plans that the Developers Group people sent me a while back. If anyone wants to see them, let me know and I'll forward to your e-mail. Agree that the corcoran people need to get their act together with floorplans, photos, and open house schedule. I know they are planning a "launch" (re-launch?) on the 23rd.

I guess I walk between tybur6 speed and ragincajun's - takes me 7 or 8 minutes to walk from that spot to the Union Street 'R' station.

Posted by: johny0299 at April 10, 2009 2:35 PM