Forte 100% Spoken For!
Well, that was crazy quick! The unsold units at the Forte condo on Ashland, which were transferred from developer to lender this summer and then put back on the market at massively reduced prices in November, are now all either sold or in contract. Adam Pacelli, the lead Corcoran broker for the building, says that…
Well, that was crazy quick! The unsold units at the Forte condo on Ashland, which were transferred from developer to lender this summer and then put back on the market at massively reduced prices in November, are now all either sold or in contract. Adam Pacelli, the lead Corcoran broker for the building, says that six of the units available for sale have closed, 52 are in contract, and the remainder have pending contracts. Pacelli says Corcoran inherited 70 units to sell. (Streeteasy records confirm the numbers save for one condo the site says still isn’t in contract.) When the condo went back on the market, most units were priced around $500 a foot. Surprised?
Forte Reboot Priced to Sell [Brownstoner] GMAP
Forte Officially Goes Back to the Bank [Brownstoner]
Clarett, Goldman Lose Control of Forté [Brownstoner]
i think elan pricing is going to look good in the rear view mirror…
but i don’t think anyone will be getting rich off someone else’s misfortune as i don’t expect a bounce in prices
Clarret, not Clarion. Christ!
***Bid half off peak comps***
“off- 25% off peak ask is not 25% off peak comps”
Yeah it is. Fools bought there preClarion. Those are peak comps. Janet Jackson is flashing a titty again.
***Bid half off peak comps***
Great news.
The frownstoners can suck it!
🙂
at $500k an 80% mortgage plus common charges is around $3k, which is in line with the Downtwn Brooklyn rental prices for 2 Beds.
When the rent/own trade-off is in line or close, things will sell.
Zinka
ur right, it’s a matter of opinon. I much rather not live across the street from the Projects and in the middle of the entrance ramp to the Manhattan Bridge
much rather live 100 steps from 5th avenue and all it has to offer, not to mention 2 blocks from subway
antidope – agreed, there’s something weird going on at elan with lender/dvlpr and potential buyers
Antidope, anything on the market juicy enough for you to pull the trigger or you’re a closet vulture?
off- 25% off peak ask is not 25% off peak comps, so maybe we’re still in the first quarter of your crash?
bkre- i remember the $300psf predictions and agree w you that they obviously could’ve gotten a bit more; and Hypo didnt even have to make the loans as i previously speculated they might
benson- check out discussion yesterday about elan but it remains a curious case; i still feel that it is kind of in purgotory btwn dvper and lender.