80 Met Now 45 Percent Sold
The Brooklyn Eagle reports that 80 Met, the condo development on Metropolitan Avenue between Wythe and Kent Avenues in Williamsburg, is 45 percent sold. Since there are 114 units in the Steiner Equities project, our calculator says that 51 units are currently spoken for. The article adds that there are “multiple offers on several units,”…
The Brooklyn Eagle reports that 80 Met, the condo development on Metropolitan Avenue between Wythe and Kent Avenues in Williamsburg, is 45 percent sold. Since there are 114 units in the Steiner Equities project, our calculator says that 51 units are currently spoken for. The article adds that there are “multiple offers on several units,” suggesting that the oh-so-crucial milestone of 50 percent sold may not be far away.
Steiner’s Williamsburg Development 45% Sold [Brooklyn Eagle]
Dive In at 80 Met [Brownstoner] GMAP
80 Met Makes it Official [Brownstoner]
80 Met Receives TCO [Brownstoner]
Price Cuts at 80 Met [Brownstoner]
I meant pretty damn good for the developer. NV on North 5th and Berry (which is celebrating reaching the 85% sold mark) is a good 10% less. Of course 80 Met is much bigger and has a lot more units to sell, and 9 sales (out of 114) is not exactly a good data set. So that high 700s could come down, which might lead to lines out the door…
If high $700s is a pretty good price according to Wber, Where are those long lines of people fighting to get in?
StreetEasy says only 9 have been sold, but the psf prices are in the high $700s, which is pretty damn good.
“The developer is offering 90% financing [tick tick tick]”
Sniff sniff: FHA. Future Hosed Asshat.
***Bid half off peak comps***
is steiner really flush enough to offer this ditto? if steiner took out a construction loan then this is likely the taxpayer funded fha program, otherwise the lender wouldn’t release the units.
Brownstoner- The mark is now 75% sold in order to be delivered to Fannie Mae/Freddie Mac for new condo projects. 50% was soo 2008.
The developer is offering 90% financing on some of these places, that must have helped.
Really? There are 5 links about this building, but come on, where is the link to Streeteasy, of which it offers the most information about this building? Competition envy? Rolls-eyes…
Here, I’ll do it:
http://streeteasy.com/nyc/building/80-metropolitan-avenue-brooklyn
“Steiner Equities Group reports…”
The developer says it so it must be true. 45 percent have CLOSED. Better hurry up!
***Bid half off peak comps***