Broker Switcheroo, Huge Price Cuts at The Elan
After almost a year and a half of sales mode, the developers of the Elan at 255 1st Street in Park Slope are getting a broker make-over and instituting one of the more sweeping and aggressive batch of price cuts that we’ve seen to date. On the broker front, A.D. Shaye is out, Apartments &…
After almost a year and a half of sales mode, the developers of the Elan at 255 1st Street in Park Slope are getting a broker make-over and instituting one of the more sweeping and aggressive batch of price cuts that we’ve seen to date. On the broker front, A.D. Shaye is out, Apartments & Lofts is in. The new website is here. As for pricing, all remaining 17 units got whacked an average of 26 percent. Apartment 12B, which has 1,169 square feet of interior space and 167 square feet of outdoor space, was reduced from $1,025,000 to $725,000. Holy cow! This is obviously what most developers need to be doing now. This’ll be interesting to watch.
Condos of the Day: 255 1st Street [Brownstoner] GMAP
antidope, talk is cheap. put some $$$ where you mouth is. how about we put $1k on this and we’ll both look up the contracts on the closed units and see if contracts reflect any parking or not
McDonalds won’t be there forever. During the next wave of development (in five years, ten, twenty, who knows?)that site will be redeveloped. So the french fry smell will go away, but so will the views from the west-facing windows.
a- check your dictionary, cowboy. no lying accusations thrown, though your defensiveness does make me think…
b- i have enuf scoop to know there’s no garage at the elan. as stated.
c- you’re the one speculating wrapped in the elusive “friend of a friend” category. i am trying to stick to verifiable data.
d- telling me not to do something i didn’t do. that must be your idea of a clever trap…
I seem I’m not the only one who thought the living/dining rooms were too small for these places.
I honestly thought the apartments looked like good places to rent for a 2-3 week vacation, but not a great place to live.
Problem is, who the heck wants to vacation on 4th avenue?
antidope, some friends of a friend were checking it out back then and they were offered the parking and storage. haven’t followed up to see if they were among those that closed. Don’t be so quick to call someone for lying when you don’t have the scoop
Based upon my breakfast habits, the McDonalds significantly raises the value of these apartments in my eyes.
The living spaces in these condos are way too small for the price. I still just dont get it – I understand if you are converting a brownstone into floorthroughs and are constrained by the existing layout, but these condos are designed from scratch for gods sake.
where do you “hear” things, m4l? there is no garage here. storage is often but not always part of a condo. paging nsr. ie someone with actual knowledge, not hearsay.
heard some of the early units that closed got FREE Park and Storage units. if indeed true, developer needs to drop prices some more cause buyers will expect to get similar or juicier deals than buyers who already closed – that’s simply the mindset of buyers in a mkt that’s still dripping down