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]
Oh great – another overpriced ridiculous listing from our “friends” at Corcoran. Next, they’ll want me to pay $1.3 million for a 2 bedroom in Cobble Hill — oh wait that is actually on their site. I look forward to a market collapse and these people having to get real jobs instead of defrauding their neighbors.
There are price cuts on four units, not just one.
I “love” the pic of the subway entrance at 15th and PPW on the Corcoran listing. Who are they kidding? This place is located b/w 20th Street and McDonald Ave.!
Ick. That is absolutely the least desirable part of Windsor Terrace. I don’t mind the graveyard at all. I do mind the Prospect Expressway being between you and any sort of amenity. Once again, ICK!
Love the view of the graveyard. Nothing like rolling over in the morning and enjoying a nice view of death.
25k price cut is not enough to spark interest in this. I went by the original open house earlier this year and you definitely need a car to live out there. The subway was about 15 mins away and there was nothing around there.
These are the developments that are going to be hit the hardest as the RE Market collapses. This is sort of way out there on the fringe with the only thing being close by is a cemetary.
Is the broker serious with that facial hair?
Yikes.
these arent exactly in a prime location…definitely not prime WT..so i don’t think a 25K price drop on one apt is indicative of the WT hood as a whole…houses close to the park are still in high demand