Checking in on the Argyle
This summer the sales team for the Argyle, the 60-unit condo on 7th Street and 4th Avenue, touted that the building was “above 70 percent sold.” So far, however, there have only been 31 unit closings in the building, plus a bunch of parking spot sales. Meanwhile, 10 condos in the building are currently on…
This summer the sales team for the Argyle, the 60-unit condo on 7th Street and 4th Avenue, touted that the building was “above 70 percent sold.” So far, however, there have only been 31 unit closings in the building, plus a bunch of parking spot sales. Meanwhile, 10 condos in the building are currently on the market, according to StreetEasy. Move-ins began in June, and at around the same time prices were raised (?!) a bit on a couple of pads. As it stands, asks are ranging from $459,000 for a 646-sf, 1-bedroom to $965,000 for a 1,239-sf, 3-bedroom.
Argyle Listings [StreetEasy] GMAP
How the Argyle Greets 4th Avenue [Brownstoner]
Argyle Closings Happening, But Watch That Punch List [Brownstoner]
First Closings Recorded at the Argyle [Brownstoner]
DOB OK’s the Argyle [Brownstoner]
The Argyle Unveiled [Brownstoner]
Streeteasy is not a good source for closed sales. The listing agents of most developments manage the active listings to make sure that it doesn’t look like there are too many condos for sale. If an condo has sold it will be in the “Previous Listings” section with a sale price next to it (for premium subscribers) or “Insiders Only” for everyone else. If the apartment number is in the previous listings section without a sale price it has been moved there as a marketing strategy or taken off the market. One development I am familiar with only has about half the unsold units as active listings, but everytime a condo goes into contract, another unit is listed.
I like the design, layout and finishings at the Argyle, not crazy about the location though. In this market you should be able to negotiate a much better price than the list price. If you’re prepared to pay close to list, they should give you a great deal on a parking space (even throw it in as part of the deal).
why does everyone hate on 4th avenue? i like it. it’s more urban and gritty than 5th. it reminds me of a lot of the bigger cities in new jersey.
*rob*
Posted by: Butterfly at December 1, 2009 11:23 AM
EXACTLY.
“(where 70 percent of the units have been sold)” – Posted by Brownstoner at 10:29 AM, June 18, 2009
You were complicit in the touting, Brownie! Inked don’t mean closed. 52% true vs 70% false within half a year. Damn, ACRIS aint that slow! Imagine how many deals would not get done without good ol’ fashion deception.
“$459,000 for a 646-sf, 1-bedroom to $965,000 for a 1,239-sf, 3-bedroom.”
Royally fucked if they need those numbers.
***Bid half off peak comps***
why does everyone hate on 4th avenue? i like it. it’s more urban and gritty than 5th. it reminds me of a lot of the bigger cities in new jersey.
*rob*
More doggies for the dog run!!! woof woof.
Or pick up a U-Haul when you come to your senses and move out.
Very convenient to drop off your U-Haul after you move in.
What a pretty block!
Brooklyn’s Park Avenue.