Athena Prices a Big Fat Myth?
A reader writes in to say he feels misled by how prices were determined for 245 16th Street, aka the Athena: I was one of the first to be shown the new 245 16th St. building. We met with the listing agent prior to the internet launch and saw all units, which were listed at…
A reader writes in to say he feels misled by how prices were determined for 245 16th Street, aka the Athena:
I was one of the first to be shown the new 245 16th St. building. We met with the listing agent prior to the internet launch and saw all units, which were listed at 695K. After two weeks of being advised of considerable interest, we submitted our bid. After two days of deliberation, we received news that the units were now being offered at 795K and not 695K. This may be legal, but wrong. Buyers beware that this building has gone up in price only after testing the market.
On the one hand, this sounds like some welcome positive news about the market (though it’s hard to imagine a whole lot of buyer enthusiasm for this place). On the other, it’s tough luck for the buyer above. What do you think? Uncool on the part of the seller or just a case of “You snooze, you lose” for the buyer?
BK Developers: What Are They Thinking? [Brownstoner]
245 16th St. Listing [Douglas Elliman] GMAP
That first-floor window is a joke. You look right into the kitchen and there’s no way to get curtains to cover it up. The whole building is ugly and overpriced. The morons at Eliman who priced it should be shot. If market forces ever really come to Brooklyn, a 2BR in that place should go for $625.
Raising the price is an interesting strategy, given that not a single one of the units is in contract.
$795,000 for a 1BR in an ugly building like that. It does boggle the mind.
So, any bets on how long it is until this building goes rental?
I.M. Poo. Actually, it is poo.
Wow–a little slice of I.M. Pei right there in the Slope!
Buyer should, indeed, be grateful that he doesn’t live here. I mean, yeeeeeesh. Fuglypalooza.
Well I’m with you 2:59. And I’ll add 3:56 to your distinguished list of broker-talkers.
i say 350k tops
Yes, good thing you are here 2:59 to protect us from any possible positive comments (i.e. “Brokertalk”)that could be a guise for someone that may have a difference of opinion or someone who doesnt think everything is an overpriced piece of crap!
Keep up the good work Champ.
I’m with 1:53 (the 2nd one)…
The comments at 11:30, 11:34, 11:49, 12:29, 12:58, 1:04, 1:08 and 1:53 ALL sound like brokertalk.
“Uncool on the part of the seller or just a case of “You snooze, you lose” for the buyer?”
Zzzzzzzzzzzz…