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The folks who brought you The Satori at 342 Bond Street in Gowanus changed marketing teams this week, switching from The Developers Group to Corcoran. While we suppose there’s no harm in trying something new when you’re not getting any traction, we doubt the 34-unit development’s problems have much to do with which broker is pitching its listings. We didn’t have the time or the historic data to figure out whether the switcheroo was accompanied by some significant price cuts, which seems like the far more important element in getting some of these things sold. When we checked in a month ago, there were only two units in contract and another six with contracts pending; as of today, there are 28 27 units for sale with Corcoran, suggesting that at least two of those pending contracts didn’t go through.
The Satori Listings [Corcoran] GMAP
Checking In On The Satori [Brownstoner]
Price Cuts at the Satori [Brownstoner]
Satori Condos Get the Chop [Brownstoner]
Development Watch: 340 Bond Street [Brownstoner]


What's Your Take? Leave a Comment

  1. Only two unit in contract. That tells you something already. I bet this building will go rental, unless the prices are reduce alot and I mean alot. I don’t think they are alot of people willing to pay high prices to live in that neighborhood when you can get something in a beautiful neighborhood.

  2. My wife and I actually went to an open house a couple months ago. The agent said that the mezzanines with the built up floor ( 2′ high cheap construction boxes ) could be removed after you moved in, but if you wanted to resell, you had to add the higher floors back in. Personally I found the positioning of windows to be difficult to fully drape and the stairs between the 2 floors extremely hazardous being narrow and steep ( I would never want my kids running up and down those ). The Developers Group used to have floor plans on their site as well as some better photos, but all of the photos were only of the one show unit.

    In addition the Satori is pretty close to the F/G.

  3. 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.

  4. The square footage for the money makes it look sort of interesting. Better than the Crest, anyways. But hard to tell with no floor plans — am assuming half of the space is “mezzanine storage” and the other half is radon-filled underground chambers.

  5. rajin –

    i could care less about this development, but it’s definitely more like a 5 minute walk to the m/r. i used to live in PS on a name street between 4th + 5th avenues, and i could walk to the carroll street F train in 12 minutes. i did it frequently. if the canal wasn’t such a horror, i’d say that this is a very convenient location. you have smith and 5th as options to do stuff.

  6. 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.

  7. “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.”

    -Hardly- close. Plain and simple.

    “Johny0299” these look to be your 1st posts here on Brownstoner. Any chance 0299 is your phone extension at Corocran?

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