Condo of the Day: Price Cut at The Vermeil
It looks like things ain’t going so well over at 133 Sterling Place in Park Slope. Despite having been on the market since the beginning of the year, there are currently 21 unsold units on broker Sandy Biano’s listings page (which seems like a lot given that Property Shark says it’s only a 17-unit building!)….
It looks like things ain’t going so well over at 133 Sterling Place in Park Slope. Despite having been on the market since the beginning of the year, there are currently 21 unsold units on broker Sandy Biano’s listings page (which seems like a lot given that Property Shark says it’s only a 17-unit building!). Three of the more expensive ones got big price cuts on Friday but are still far from cheap. There’s no doubt that this is a desirable location and that there is a need for family-sized apartments; perhaps there are just fewer families willing to shell out close to $2 million for an apartment when they can go a couple of blocks across Flatbush Avenue and get a house for that price. When we posted about this place back in March, reader comments ranged from “I saw the model apartment and thought it was quite nice” to “I can’t get beyond the prices.” Presumably more than the model apartment is viewable by now. Has anyone stopped by recently?
133 Sterling Place Listings [Brown Harris Stevens] GMAP P*Shark
Update On The Vermeil [Brownstoner]
Reduced Brooklyn Listings [NateFind]
hey condo dweller, under $500sqft ? which building is that ?
hey condo dweller, under $500sqft ? which building is that ?
i definitely prefer Brooklyn, but I also think that the prices are ridiculous. I would not pay $1000 per sq ft to live in the slope.
park slope is getting very crowded and too generic.
i left after owning a house for 6 years to go to a condo Williamsburg. i am in agreement with the fact that lots of people don’t want to fool around with old homes. they are a pain in the ass.
got almost 2000 sq ft with a great backyard in a new luxury bldg w/central air, etc… for under $500 per sq ft. love the ameninities in the hood – food, shopping, nightlife. plus, the proximity to manhattan can’t be beat. i can walk home from work.
2:23 Thing of the past ! Sure whatever makes you happy …. You also probably disagree that real estate is all about location 🙂
New building in Manhattan priced at $1,500/sqft get sold out before they are even built! How is that size for the price ! It’s not about YOU, it’s about the majority of people. You might PREFER Brooklyn but you are a minority. Sorry 🙁
Urgh, I meant to say at 2:23pm that “the price by itself is NOT the problem”.
2:10 is 100% right. The Brooklyn vs. Manhattan thing is of the past.
I’ll also say the same thing about the condo vs. house debate. There isn’t a debate for some people. Some people do not want a house at any price. So the price by itself is the problem. People will definitely spend $1.5 to $2 million for a condo in Brooklyn now and in the future. We’ll see more of it. The problem with this development is the units are priced too high per square foot. It’s about the size for the price, not the price alone.
because some people PREFER brooklyn!!!!
why is that so incredibly hard for some people to understand. i agree that they are pricey, but after living in manhattan for the last 6 years and now living in park slope, i wouldn’t go back for any amount of money.
i’m certainly not the only person that feels that way.
i agree that in the past people moved to brooklyn because it was cheaper. now, more often than not they move because brooklyn is quickly becoming the artistic haven that manhattan once was. and we’ve got more mom and pop shops, great restaurants, a huge lovely park that trumps central park in my book and a host of other great things.
Awful location and the agents are pretty awful as well. Nasty and unprofessional. No wonder why they are not selling
These are Manhattan prices ! One has to understand that a lot of people are moving to Brooklyn because they get priced out of the city. Why would you buy in this building when you can get the same sqft for your money in the city !!