(Another) Price Cut at 46 Lefferts Place
A reader sent in a tip that prices at 46 Lefferts Place went under the knife last week, just in time for a building-wide open house on Saturday. Turns out this wasn’t the first time: When we wrote about the 8-unit new building last Tuesday, we were unaware that The Developers Group had had the…
A reader sent in a tip that prices at 46 Lefferts Place went under the knife last week, just in time for a building-wide open house on Saturday. Turns out this wasn’t the first time: When we wrote about the 8-unit new building last Tuesday, we were unaware that The Developers Group had had the listing for a couple of months before Corcoran recently got it. TDG had done a price cut of its own to no avail. This latest move brings the average price per square foot from $526 to $474. Think this’ll make a difference?
46 Lefferts Place [Brownstoner]
46 Lefferts Place [Easy Street]
Lefferts Place Listings [Corcoran] GMAP P*Shark
12:37 has to be some sort of big brother automated comment.
I own a house in the neighborhood. I am glad Atlantic Yards is coming.
keep price cutting this POS until we are close to the demo number.
I saw these spaces probably back in Dec. 2006, when they were being shown by TDG. The 600-ish sq. ft studios are nice (aka: not offensive) enough… nice fixutres, simple layouts, nice natural light (but the stairways were not very homey — kind of cold and industrial, and I agree, that facade is not great–but I’m kind of finicky) …but I thought it was nothing spectacular to warrant what I thought was a high price for that kind of space in a neighborhood that might be affected by AY.
I do like the neighborhood though, and the property is actually on a very nice and quiet street with some brownstones, far away enough from the hustle and bustle on Washington Ave. About a 5 minute stroll from C-train.
The smallest and cheapest studio is the ground floor/front apt. and that was tiny with little natural light, and the salesperson couldn’t tell me what was going to happen in front of the windows (lawn garden? bench? or garbage area?) Plus, there’s an empty lot to the left… which to me signaled future construction with a lot of noise to deal with.
The price drop helps, but for po’ little ol’ me it’s still too rich when you factor in closing costs.
I think these units aren’t selling because the layouts are just big boxes with no character and for me, it’s really weird that new construction would have no washer/dryers in the units or even in the building. You buy a coop and you expect that you might have to take your laundry out, but you buy a brand new condo, and you’re still lugging your laundry bag around? I think at this price they could sell though. $299 seems reasonable for the area and size, but we’ll see.
“plummeting property values”
yes, which is the exact opposite of what they were screaming about a year ago.
interesting, huh?
wish they could make up their minds.
oh wait, that would imply they had one.
It’s very amusing to see how the anti-AY army has changed gears. Until recently, they were fond of making statements about the legal cases (e.g. “If you knew of all the legal hurdles Ratner is facing, you wouldn’t be so glib” or “The courts will decide…”). Now that the outcome of these cases is grim, anti-AY screamers have shifted to armageddon predictions about traffic, pollution, shadows, plummeting property values, etc.).
Anon at 11:36 — I don’t believe that what you have posted is accurate, other than that this project will take a long time to build. But as to the shadows, have you looked at the simulations? Did you read the article? Have you read the FEIS? Even that document acknowledges that the playground across Atlantic from AY will be in complete shadow all day long during the winter.
How can you say that no one knows what the shadow effect will be? There are plans that have been given the go ahead, and those plans have been evaluated and they show chunks of Fort Green in shadow for many months of the year. I can understand not liking this, but to say that there’s no way to know what the impact of the project will be in this respect is silly. The sun travels a very predictable arc, and AY is a very large project of 16 high rise buildings. The simulations are out there for all to view.
It’s one thing to already live close to AY, I wouldn’t up and move if that were the case. I can say personally that, as someone who is actively looking to purchase in the Lefferts price range, I can tell you that the impending construction makes a difference. I want to leave my rental apt right now due to the constant construction noise on my street, lack of parking due to huge dumpsters and contractor vans, which also block the road for deliveries and traffic.
So as i go to make a home purchase, i do take into consideration that i could possibly be living with/near a construction site for years to come.
That is why, even though the Lefferts condos are in my price ranges—i will not think about buying there.
And that is an honest AY effect for you…