Checking in on the Elan
We haven’t taken a look at the Elan condo, which is on 4th Avenue and 1st Street, since September, when the developer implemented sweeping price cuts and passed the marketing baton to Apartments & Lofts. The latest word on the building, according to current listings, is that FHA approval is pending. Ads are also touting…
We haven’t taken a look at the Elan condo, which is on 4th Avenue and 1st Street, since September, when the developer implemented sweeping price cuts and passed the marketing baton to Apartments & Lofts. The latest word on the building, according to current listings, is that FHA approval is pending. Ads are also touting unspecified “incentive packages.” (Requests for elaboration from Apartments & Lofts on what those incentive packages involve have not been answered.) According to StreetEasy, there were additional, though very minor, price cuts on a couple units earlier this month: A one-bedroom went from $599,000 to $567,500, and a two-bed went from $670,000 to $649,000. Also, if StreetEasy’s rundown on the Elan is correct, the price cuts haven’t done much to sell units here: Of the three condos that are in contract, all were spoken for before last fall’s chops and the building’s rebranding. This one just seems like it’s heading for trouble.
Broker Switcheroo, Huge Price Cuts at The Elan [Brownstoner]
The Elan [StreetEasy]
Condos of the Day: 255 1st Street [Brownstoner] GMAP
how do you know that’s not WHY she moved there, bowl of dicks?
*rob*
your apt must smell like mickey D’s all day and night
NASTY!
has the bank offered you the apt for a discount yet?
i wouldn’t be too surprised if that happens after the inevitable transfer …
is it spooky? it would be great to turn it into a huge haunted house next halloween if it’s still empty.
hahaha – I’m a renter there
there are a few of us – I just don’t know how many…
maybe out of 30 units, 12 are filled – my whole floor is renters (3 apartments)
A developer run on FHA. Tick tick tick…
***Bid half off peak comps***
the black townhouses up from this are actually really really nice, probably why they are selling. and their parking garage is like some kinda batcave!!
*rob*
i’d venture a guess it is in process of transfer from developer to lender. doesn’t even seem like there are very many renters either.
otoh, the black beauty up the block built by bad boy scarano seems to be moving. if you believe a&y reports to streeteasy, 5 of 9 units are in contract (all with high psf asking prices).
and what about the semi-stalled yellow project next to the bbbbbscarano? that thing appears to be conforming to the “one brick per day” school of construction. i think it’s seven years since it started construction.
quote:
Sigh… because it’s a good use of our tax dollars to subsidize people’s need to have 2 giant soaking bath tubs in their apartment…
farked up, right?
and without fail, i giggle whenever i see that mcdonalds included in the picture of this building.
*rob*
“FHA approval is pending”
Sigh… because it’s a good use of our tax dollars to subsidize people’s need to have 2 giant soaking bath tubs in their apartment…
Instead of “a chicken in every pot” it is now “two luxury bathrooms in every apartment”.