In Dumbo, 5 Percent Price Cuts at The Beacon
While they may already be flipping units at the J Condo, the neighboring Beacon Tower in Dumbo is still trying to move its sponsor units and having to resort to price cuts in the process. Just yesterday a couple of reductions showed up on Natefind (screen capture on the jump). The two-bedroom pads were cut…
While they may already be flipping units at the J Condo, the neighboring Beacon Tower in Dumbo is still trying to move its sponsor units and having to resort to price cuts in the process. Just yesterday a couple of reductions showed up on Natefind (screen capture on the jump). The two-bedroom pads were cut from $995,000 to $950,000 and from $960,000 to $920,000 respectively. Given that both apartments are 1,165 square feet, those asking prices are still feeling high to us. How’re sales at the Beacon doing in general?
Beacon 2BR for $950,000 [Corcoran] GMAP
Beacon 2BR for $920,000 [Corcoran]
post #1 is dead-on with the Comfort Inn comment — these places look like stretched out HoJos on the side of the interstate in some late 90s-era suburb.
In a word, karma. I wouldn’t take a condo from Boymelgreen for free.
Shaya and Scarano should be imprisoned (along with a third, maybe Babs Corcoran?) in that two-dimensional prison from Superman II and cast into outer space.
I’m surprised someone would lump 70 Wash into the non-shit category. They’re still re-doing people’s floors because the majority were installed incorrectly.
HEY HEART, I can imagine alot. One is all the Freakin money I wil have in my bank account when I sell my brownstone that I have owned since 1994 and have had the renter pay about 75% of my mortgage. Still I’d rather be a renter than buy some overpriced crap IN DUMBO NEXT TO THE LOUDEST BRIDGE IN THE WORLD.
Wow, only $920,000 for 2 bedrooms! I’m glad these are for teachers and other low level white collar jobs.
THAT IS IT HEART ALL RENTERS ARE POOR SCLUBS WITH MAJOR CC DEBT?
you are a fool and probably a broker with no cmmissions of late.
the tone of your post gave you away
That’s still A LOT to pay for a 2-bedroom in that area. Is Hanson Place even charging that much??
This building has been a disaster from the get-go. They started construction more than six months before J Condo, yet it is now lagging way behind. There are rumblings on the dumbonyc blog of a lawsuit by the residents.
The J is no great work of art but it’s not nearly as ugly as some say (nor anywhere near as bad as it could have been), and when viewed from the street (the corner with the entrance) it really does appear to have–or at least attempt to have–a relationship to its surroundings.
Maybe so, but the Beacon still blows. How’s the city view from there? Oh wait, that’s the side that doesn’t have windows.
Me, I’m just one of the thousands of people happy about putting their money into a non-Boymelgreen building over the last couple of years. How many satisfied customers does he have? Ask the poor chumps still in contract at The Smith, or the happy residents of 57 Front, a building with four bedrooms spread across 50 apartments. The Nexus and this tower of Bacon are what pass for success stories in Boymelgreen’s recent history, and they both price-chopped before it was over.