Condo of the Day: Price Cut at 38 7th Avenue
Corcoran just whacked about 14 percent off the asking price on one of the units in the brownstone condo at 38 7th Avenue. Some readers may remember that this development got some nice press from the New York Post back in May of this year. And from where we sit, they didn’t a decent job…
Corcoran just whacked about 14 percent off the asking price on one of the units in the brownstone condo at 38 7th Avenue. Some readers may remember that this development got some nice press from the New York Post back in May of this year. And from where we sit, they didn’t a decent job on the reno. Looks like the apartments haven’t exactly flown off the shelf though. In addition to the 841-square-foot place that Corc just marked down from $729,000 to $629,000, Aguayo & Huebener has a 1,733-square-foot duplex with roofdeck on the market for $1,199,000 (at which there’s an open house on Sunday). Since Aguayo started out as the exclusive broker, we wonder whether the developer has brought in Corcoran or whether the unit it is selling is a flip. Update: Turns out Corcoran and Aguayo have been the co-exclusive agents from the get-go and that the price cut was building-wide and driven by the owner.
7th Avenue Condos [Corcoran] GMAP
Co-ops and Condos [Natefind]
38 7th Avenue [Aguayo & Huebener]
Sales Start at 38th Seventh Avenue [Brownstoner]
“Corcoran just whacked about 14 percent off the asking price on one of the units in the brownstone condo at 38 7th Avenue”
GOOD, now KEEP WHACKING because there’s still a LONG way to go before prices get REALISTIC.
I simply cannot understand the fools who pay these exorbitant prices knowing we’re in a bear market with prices DROPPING every single day. Must be the same a-holes who helped drive the prices to these insane levels by assuming mortgages WAY outta there income range.
Two words for anyone buying nowadays:
SUCKERS RALLY !!!!
Thanks for the help.
a second bedroom and second bath and endless auto exhaust and noise at Boerum Heights. not sure that is the location I would have used for comparing value.
‘Boerum Heights’ is the one on State near Flatbush – I found a link to the glossy flash site at http://www.boerumheights.com. I don’t think it’s comparable to say “for the same price you could get X” when comparing the North Slope with State/Flatbush, in terms of neighborhood ambience and amenities. Though if you go by the Boerum Heights site, they imply that Prospect Park, Brooklyn Botanical Gardens and the Promenade are all nearby!
Boerum Heights isn’t the one at Atlantic and Smith, right?
Confused. Beorum Heights is the name of a new condo development on Atlantic Avenue (near 3rd or Nevins?).
A&H and Corcoran both have all the units. I think it’s interesting how careful you don’t have to be with information when your running a blog. Check your facts first man. Jeez!
Where is Boerum Heights? I have heard of Boerum Hill and Cobble Hill, and Brooklyn Heights, and Prospect Heights, but not Boerum Heights. Is this some area on the boundaries of Boerum Hill that a realtor is now calling Boerum Heights?
um… it’s a one-bedroom. uh, and they think $629,000 is fair? Ha!
Corcoran’s marketing just-as-nice 2-beds in the slope for under $600k.
for that price, you can get a larger, brand new 2bd-2ba condo at Boerum Heights.