Condo of the Day: 11 Terrace Place
Are sales starting to slow in Windsor Terrace? When we first checked in with 11 Terrace Place in February, people left comments saying the open houses were hopping, and a couple folks noted that the units seemed nice and the development not so bad. While Corcoran’s website shows that seven of the condo’s 18 units…
Are sales starting to slow in Windsor Terrace? When we first checked in with 11 Terrace Place in February, people left comments saying the open houses were hopping, and a couple folks noted that the units seemed nice and the development not so bad. While Corcoran’s website shows that seven of the condo’s 18 units have gone into contract since then, Natefind just lodged a price cut on one of the apartments, a two-bedroom that’s dropped from $625,000 to $599,000. That brings the per-square-foot price down to $505; most of the other listings, including the ones that’ve gone into contract, are in the mid-$500-a-foot range. Not exactly a fire sale, but think it’s indicative of a cooling market in the Terrace?
11 Terrace Place [Corcoran] GMAP
Getting a Clue About 11 Terrace [Brownstoner]
SOYLENT GREEN IS PEOPLE!
When Gas is $8/ gallon, NYC real estate will be double what it is today.
True, Greenpoint has better schools.
Um, David, crime in NYC is nothing like it was in 1987 or even 1994. The population is no longer decreasing. The city has changed.
And 8:05, Red Hook or Greenpoint or, hell, St. George, is not in District 15.
Will
By the time I dress for walking 1/2 mile to the subway in the dead of winter, wade over the unshoveled streets and then wait for the subway, that 1/2 mile adds about 30 minutes onto my commute at the very minimum. Thanks, but I’d rather be in Red Hook or Greenpoint or, hell, St. George.
“The subway was about 15 mins away”
The F train stop at Reeves and Prospect Ave is less than a 1/2 mile from here so you it’s more like a 5 minute walk. Unless it takes you 15 mins to walk a 1/2 mile, and if that’s the case you may have other problems.
6:34 – er do you really think that NYC has changed so much in 15 years that it is no longer subject to real estate cycles? The co-op I bought in 1998 for 85k had sold for same amount in 1986. Sure NYC is big today, but it wasn’t a country village in 1989.
$150/Barrell Gas…
Its coming and guess what – cities will be the only refuge, if you cant take public transport to work – you are dead!
Think housing is scare now? Just wait a little longer. There is alot less oil out there then you think!
$150/Barrell Gas…
Its coming and guess what – cities will be the only refuge, if you cant take public transport to work – you are dead!
Think housing is scare now? Just wait a little longer. There is alot less oil out there then you think!