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
It will look worse in a year when all the birds crap on that window.
this is a POS. wait for a few months and we will see the prices cut by about 20-30%
$395K tops.
No it’s not worth $795,000. For the original $695,000 price in this location and the low monthly CC, it would sell quickly and not sit empty for months. They’re making a mistake raising the price so much.
It’s not absurd people would buy this. The 2BR coops in Park Slope typically have only 1BA, not 2BA, priced $650K to $800K (depending on location and renos) and the coop maintenance is $600-800 per month, which includes taxes and you get to write off around 50% of the maintence but still, it’s hefty monthly nut along with mortgage payments. Plus you have to get approval from the board of your buyer anytime you sell, which condos don’t require. Also many coops don’t let you rent your apt out if need be. I think this is why all these similarly priced and sized newly built 2BR condos will fly off the shelf in Park Slope. But this should be priced $725K max.
This is a piece of crap. It should be torn down and they should start again.
With a running start you can bolt up that weird slanty glass and end up on the second floor balcony. Who on earth ‘designed” this fugliness?
I ownder if that window will support skateboard traffic. Someone’s going to try it out at some point.
Why would you buy this even at 695k? are you crazy?
I don’t think this building looks too bad. The huge windows set at angles does bring in way more light than a standard front-facing window. The balconies are at a size that can actually shockingly be used for something! You can fit like 4 people on it. Unlike the heinous “juliette balconies” all over Williamsburg and on Fedders specials. But the triangle window with smoked glass on the garden level is weirding me out. It’s so 70’s. What is that thing?