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Corcoran listings on the 2.5 bedrooms are now down to $1,695,000. That $300k off their original listing. Brownstown Brooklyn might not be AS affected by the housing downturn as other parts of the country, but the situation does seem to have injected some common-sense back into the market. I sense that this developer is a bit desparate here (I think 118 State condos have been on the market since late July), so I still say wait for $1.2.