Checking in on the Satori
Since closings began at the Satori condo in September, there have been 20 sales in the 34-unit building recorded in public records. Meanwhile, StreetEasy says another 10 units are in contract and there only two remaining condos with active listings. If all the in-contracts close, the Bond Street building will definitely be a sales success…
Since closings began at the Satori condo in September, there have been 20 sales in the 34-unit building recorded in public records. Meanwhile, StreetEasy says another 10 units are in contract and there only two remaining condos with active listings. If all the in-contracts close, the Bond Street building will definitely be a sales success story. The prices for the two listed units are $459,000 for a 1-bedroom and $699,000 for a two-bedroom.
First Closings Recorded at the Satori [Brownstoner] GMAP
More Price Cuts at The Satori [Brownstoner]
Satori Developers Try for a Mulligan [Brownstoner]
Checking In On The Satori [Brownstoner]
Price Cuts at the Satori [Brownstoner]
Satori Condos Get the Chop [Brownstoner]
Development Watch: 340 Bond Street [Brownstoner]
This building had a few advantages going for it. One, location. Despite what some people think, Bond st. isn’t some gang controlled street with C.H.U.D. coming out of the canal. It’s close to Smith st., only a couple blocks from the F train and not that far of a walk to the R on 4th avenue. It was more desirable than say Flatbush Ave with Oro and Toren. The neighborhood was already established. Two, it was a much smaller condo project. It only has 34 units so you only had to sell 17 units to reach that magical 50% mark. Three, they did cut prices so that pretty much most units were under $600 a sq. foot.
Petebklyn you raise a key point as I’m pretty positive the mezzanine square footage is counted. With that in mind pricing in the $500-600 /sqf still looks pretty steep. Also, you can probably say the same about a lot of new construction but I had the feeling these interiors really are not going to age well, both in terms of wear and style.
also hard to judge sq ft price…as to whether the mezzanines are counted in the sq ft of the apt or not.
Typical strange scarano layouts and those stairs are a litigator’s dream. Good for them, probably made some money as I can’t imagine the original lot was worth all that much.
1.5
does it show the mortgage amount antidope?
Love it Antidope.
Thanks.
sold for 2.038 on 12/10/09 (see acris, haters).
“Average of $563 psf ain’t bad for this place, in my opinion.”
Agreed, not bad at all.