Checking In On The Absolute
The Absolute launched way back in August of 2008, but it looks like it’s still slow-going in the sales department. On StreetEasy there are 28 active sales listings (with one in contract) and this is only a 35-unit building. The most recent price cut was one month ago, with a 2-bedroom at $599,000 dropping down…
The Absolute launched way back in August of 2008, but it looks like it’s still slow-going in the sales department. On StreetEasy there are 28 active sales listings (with one in contract) and this is only a 35-unit building. The most recent price cut was one month ago, with a 2-bedroom at $599,000 dropping down to $499,000. Six units listed have seen price increases, with a one-bedroom originally at $355,000 upped to $375,000 a few weeks ago. Hard to see the logic in raising prices at this point, isn’t it?
Price Cuts at the Absolute [Brownstoner]
The Absolute Condos Sales Listings [Corcoran] GMAP
Absolute Hedges Its Bets With Rentals [Brownstoner]
Price Cuts, Broker Switcheroo at The Absolute [Brownstoner]
Checking In On The Absolute Condos [Brownstoner]
We saw it during the winter. Horrible! What a location.
Probably the worst aspect is looking out the window onto the glaring neon of a White Castle. My wife’s been a vegetarian most of her life, and I get nauseous just thinking about belly bombers.
We considered going to look at some of these–they sound quite lovely, and we liked the photos–but it was too much of a pain to even get up there for an open house, let alone trying to commute every day.
$499K for a 2-bedroom sounds okay to me. More for that location does not. It isn’t a terrible location — albeit too close to the BQE — but the train thing sucks.
decent rental option unless FHA 5% down loans move them
keep cutting
Failing and flailing.
I remember when they launched. I went to a meeting at Pratt, the building was not quite finished. They initially wanted 500K for 1-bedroom apartments. Oy!
Nice looking building. Would not choose that location for myself.
Absolute disaster. They obviously paid too much for the land/construction and too late in the RE Ponzi scheme given the launch date. The bank/investors aren’t budging on the loan. The longer they wait, the more they’ll hurt. Look for rental listings soon. Can you say “Forte”?
***Bid half off peak comps***