Absolute Hedges Its Bets With Rentals

Like many other new developments before it, the Absolute has started hedging its bets by putting a couple of units up for rent while its new Corcoran team forges ahead with its sales effort. The two units (here and here) up for lease are both 806-square-foot one-bedrooms asking $2,400 a month; the owner picks up the broker fee.
The Absolute Condos Sales Listings [Corcoran] GMAP
Price Cuts, Broker Switcheroo at The Absolute [Brownstoner]
Checking In On The Absolute Condos [Brownstoner]
The Absolute Hard Launches [Brownstoner]
The Absolute Launching on Myrtle [Brownstoner]
Development Watch: 111 Steuben/543 Myrtle [Brownstoner]
Development Watch: Myrtle and Steuben [Brownstoner]

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2,400 for a one bedroom 15 minutes from the G train? I don't think so.

Posted by: dirty_hipster at July 20, 2009 11:36 AM

http://tinyurl.com/nlv9t8

Posted by: daveinbedstuy at July 20, 2009 11:39 AM

sorry - 10 minutes, which is about 7 minutes too long.

Posted by: dirty_hipster at July 20, 2009 11:43 AM

DH, once again, they aint mktg to you - you exceeded their logic & smarts ceiling

Posted by: more4less at July 20, 2009 11:47 AM

Now all they have to do is give 2 free months and they might rent em

Posted by: brickoven at July 20, 2009 11:55 AM

2 bdrm flr - thru units in brownstones close to G or A/C is around this 2.4k price. if someone rents this, it's either they're willing to pay a big premium for super new construction or they're just stupid.

Posted by: more4less at July 20, 2009 11:59 AM

Absolute failure...

***Bid half off peak comps***

Posted by: Brownstones Half Off at July 20, 2009 2:07 PM

that Myrtle Ave. bus is crowded. It's a crappy location for a commuter. Maybe they can cram four Pratt Students into each one bedroom?

Posted by: Art Salt at July 20, 2009 2:46 PM

Is this the new Meier we've been hearing about?

Posted by: dittoburg at July 20, 2009 4:03 PM

No ditto, this is the embryonic state of the condo species seen at 110 Third Ave in Manhattan:

- http://curbed.com/archives/2007/09/05/checking_in_hello_my_name_is_one_ten_3rd.php

Posted by: DitmasSnark at July 20, 2009 5:26 PM

Oh god Snark - 110 3rd Avenue makes Oro look like 740 Park Avenue

Posted by: dirty_hipster at July 20, 2009 5:35 PM

Yes, but that is in the new neighborhood I invented called "DUBQE" or "Dubuque."

Posted by: Heather at July 20, 2009 6:46 PM

« Big Price Cuts at 111 Monroe Street Co-op of the Day: 209 Lincoln Place, #7CD »

July 20, 2009

Absolute Hedges Its Bets With Rentals

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