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We got a tip from a reader that the Clermont Greene received its C of O on Friday—something we were then able to confirm with the broker. To date, twelve out of 73 units are in contract (though StreetEasy only shows eleven). Another three contracts are out and one rent-to-own tenant is moving in this week, according to the broker. Maybe the price protection program is helping a little.) We wonder how many units they need to have in contract before they can start doing closings. The cheapest unit currently available is a 747-square-foot one-bedroom for $499,000; the most expensive unit is a 1,620-square-foot three-bedroom with 1,000 square feet of outdoor space for $1,250,000.
174 Vanderbilt Listings [StreetEasy] GMAP
Checking In On Clermont Greene [Brownstoner]
Clermont Greene Gets a Facade But Still Needs Buyers [Brownstoner]
174 Vanderbilt Revealed: Clermont Greene [Brownstoner]
174 Vanderbilt: What a Difference Two Weeks Make [Brownstoner]
Development Watch: 174 Vanderbilt Plodding Along [Brownstoner]
Meltzer/Mandl Release Deets on 174 Vanderbilt [Brownstoner]


What's Your Take? Leave a Comment

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  1. I am with Prudential Douglas Elliman and provided the info. RTO means Rent-to-Own. The sponsor offered an interim lease in advance of the buyers signing a contract.

    We are able to close immediately. We are working with preferred lenders that have verified the building.

    Keep in mind that what you see online is the “asking” price. We encouraged anyone interested in living at Clermont Greene to make offers, and we were able to work out great deals. The sales prices will be public soon enough, and then you can weigh in again.

    We encourage anyone to come see the project and judge for themselves. We are there every Sunday 2-4. Cynics welcome.

  2. “BHO is been PWNING the shit out of you and now it’s personal between you and him! If you believe that everything is OK and you have made the right decision then leave BHO alone and stop trying to engage him!!!!!!!!!”

    First of all nobody has been pwning me (whatever that actually means) and certainly not him. I am living my life just like I always have done and trying to do my best in my corner of the world. And if you think I think everything is fine you don’t know me at all. I just know there is nothing I can do about the economy at large and I am not going to spend all of my time worrying about what the economy and real estate is going to do. BHO is the one who spends all of his time obsessing and prognosticating about the price of houses. I am living.

  3. “Well said What. I wonder if BHO will heed your advice? there is so much to enjoy in life.”

    Wasder you misunderstood my statement! The Psychology of the Mutant Asset Bubble is in overdrive! I cannot break thru that type of Group-Think and I believe it’s better to leave it alone! BHO is been PWNING the shit out of you and now it’s personal between you and him! If you believe that everything is OK and you have made the right decision then leave BHO alone and stop trying to engage him!!!!!!!!!

    The What

    Someday this war is gonna end..

  4. You know something BHO the whole world is insane right now! I’m taking a break from the nonsense and enjoy life. Let the retards kill themselves over this garbage.

    The What

    Someday this war is gonna end…

  5. “Maybe the price protection program is helping a little.”

    Price protection. What a joke.

    “Sounds nice but what is the number? What exactly is the discount (range)? Why does it have to be burried somewhere (rhetorical, I already know why)? I’ll bet the number is low enough to favor the developer no matter what happens. They have a bottom line that they are not yet willing to give up.” – Posted by: DOW8000SP800 at November 14, 2008 11:16 AM

    “We wonder how many units they need to have in contract before they can start doing closings.”

    Gotta be far more than 16%.

    “The cheapest unit currently available is a 747-square-foot one-bedroom for $499,000”

    ROTFLMMFAO. I guess they think the economy is going to turn around. What IDIOT would pay this for a ONE BED ROOM right off MYRTLE. Hey Koolaid!

    ***Bid half off peak comps***

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