Corco Cutting Prices, Making Progress at Satori

Remember we told you a couple of weeks ago that Corcoran was taking over brokering duties at the Satori? Well, the Big C held a launch party on Thursday night at which some interesting data points were revealed. According to a tipster in attendance, the new pricing sheet that was distributed showing a total of 11 units either in contract or with accepted offers. In addition, prices had also been trimmed on the remaining units: Studios are now down to $359,000, the four top-floor one-bedrooms at 342 and 346 Bond have been cut from $530,000 to $495,000 and $499,000.
The Satori Listings [Corcoran] GMAP
Satori Developers Try for a Mulligan [Brownstoner]
Checking In On The Satori [Brownstoner]
Price Cuts at the Satori [Brownstoner]
Satori Condos Get the Chop [Brownstoner]
Development Watch: 340 Bond Street [Brownstoner]

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Comments

How many remaining units are there? Exactly how many signed contracts and for what % of ask?

Mighty close to the Gowanus. Might be prime RE one day if cleaned up.

***Bid half off peak comps***

Posted by: Brownstones Half Off at April 27, 2009 11:35 AM

They throwing in a lifetime supply of pure bottled water? And possibly gene therapy?

Posted by: RaginCajun at April 27, 2009 11:37 AM

Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe! Pass the crack pipe!

The What

Someday this war is gonna end...

Posted by: Return of The What at April 27, 2009 11:48 AM

For once I agree with the what.

Posted by: billyboomer at April 27, 2009 12:06 PM

> "Might be prime RE one day if cleaned up."

True. But these are priced as if it already were prime (as opposed to perched next to a possible Superfund site).

Posted by: SnarkSlope at April 27, 2009 12:30 PM

Let's analyze this based on fundamentals rather than comps. I'll start. Some say prices should revert to around 3x income. So you're telling me that someone who makes around $120k/year is going to buy a studio apartment next to the Gowanus Canal in Brooklyn?

Posted by: lechacal at April 27, 2009 12:48 PM

No responses to my questions. Smoke and mirrors? I can't know what "I'm buying into".

***Bid half off peak comps***

Posted by: Brownstones Half Off at April 27, 2009 2:56 PM

the bigger apts. do seem like a good deal. if you negotiate a little getting down to $500psf for a family sized apt.

Posted by: wine lover at April 27, 2009 4:37 PM

If Cocorean is doing the deal I definately know they are overpriced. The What says half off I say bid one third the offering price if Cocorean is involved. I wish the owners would just put the "For Rent" and "For Sale" signs in the window so we did not have to deal with these parasites.

Posted by: hannible at April 27, 2009 5:47 PM

They are not the parasites. They are more like the SCUM in the canal !! The government should super fund them. Very hard to deal with and unethical !!!

Posted by: tomtaz at August 20, 2009 2:19 PM

« Louis Bonert in The Slope Co-op of the Day: 101 Lafayette Avenue, #6A »

April 27, 2009

Corco Cutting Prices, Making Progress at Satori

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