47 Dean 50 Percent In Contract
47 Dean, the 10-unit project between Boerum Place and Smith Street, launched right before Thanksgiving. Despite the holidays, though, things are off to a smashing start: the developer tells us that the building is now 50 percent in contract. Notably, he says they are accepting “nothing below ask.” Not bad, considering units start at $1,010,000….
47 Dean, the 10-unit project between Boerum Place and Smith Street, launched right before Thanksgiving. Despite the holidays, though, things are off to a smashing start: the developer tells us that the building is now 50 percent in contract. Notably, he says they are accepting “nothing below ask.” Not bad, considering units start at $1,010,000.
47 Dean Now on the Market [Brownstoner] GMAP
I think that Zarathustra was getting at that only 3 of 8 of the non sponsor units are in contract (at least according to the Halstead website). Adding the two units being kept by the sponsors (and never marketed to the public as far as we know) does get one to the 50% level, but the accounting is a little funky.
Still 3 of 8 in 2 months or less is not bad for a late autumn launch. And the three are the most expesnive per square foot it seems, so that’s also good news for the developers.
aww my old hood. Always wondered what it would look like upon completion – It looks pretty good!
Emily, you’re right. Everything you said was accurate. Guess Zarathustra took more issue with the tone and shouldn’t have called it factual issue… unless of course it was something I said!
Zarathurstra: Guess I don’t understand your criticism. I called the developer, we spoke about the development, and he told me 50 percent of it was in contract with nothing going below ask. I’m not sure what’s irresponsible about that, as I wrote exactly what he told me, and at this point no sales have gone through so I can’t check yet with public records.
Actually, is there any effort to fact-check information on this site? I understand hyperbole drives revenue, but far too often I see abject irresponsibility.
Straight from the developer’s mouth, huh.
Elevator building.
When this building first went on the market, the 2 top floor units and 2 duplex units on first floor were spoken for. So only 1 of the 10 units has sold since the initial offering. The two on the first floor were taken by the Developer and Developer’s brother… they also gobbled up any storage that would’ve existed for the other units.
Maintenance is high as well considering there really aren’t any amenities and I wouldn’t be surprised if the other tenants subsidize the maintenance of ground floor insiders.
I’d bet they’ll come down from that asking price soon since things seem to have cooled off already.
is this elevator or walkup bldg?