Condo of the Day: Prices Cut at the Fusion
Corcoran’s marketing materials for the Fusion in the South Slope note that the 421-a tax abatement combined with the low common charges make these units very affordable! But it seems like maybe they’re not affordable enough to actually, you know, sell: StreetEasy is showing that the 20th Street building was just hit with a third…
Corcoran’s marketing materials for the Fusion in the South Slope note that the 421-a tax abatement combined with the low common charges make these units very affordable! But it seems like maybe they’re not affordable enough to actually, you know, sell: StreetEasy is showing that the 20th Street building was just hit with a third round of price cuts. Units are now listed between $458,100 and $1,012,500; when they hit the market in May, they were running between $555,000 and $1,159,000. The building itself doesn’t look so bad on what’s basically an ugly-duckling block, so we’re assuming ho-hum interior finishes may have a lot to do with the lack of interest here. Anyone have an insider’s view?
New Development: Fusion on 20th Street [Brownstoner] GMAP
Fusion at 286 20th Street [StreetEasy]
286 20th Street Listing [Corcoran]
I’ve seen this comment about ‘poor construction’ before applied across the board to new buildings? Where is there any substantial evidence for this other than ‘I know someone who’s apartment…’
apparently you not only discovered this website, but also decided to post ignorant comments on it as well.
outdated decor is completely different than poor construction.
you don’t find the latter in most maintained pre-war buildings.
Agreed with 4:06. The old apartments in the old housing stock throughout brownstone neighborhoods made it very hard to find something that you could actually see yourself living in. So much ancient junk. I used to think, ‘well that’s just the way it is with these old neighborhoods’. Regretable. But then I discovered this website where people celebrate this stuff?
2:53 PM = clueless
3:35,
i looked at property in brooklyn for 2 years before buying, and really did not see these problems in the condos i looked at. in fact, the real crap i saw was prewar. ridiculous cut up rooms, bad kitchens, horrible baths. just stupid layouts. almost everything needed to just be gutted, it was so tasteless and horrible and in bad disrepair.
its pass the express way its in greenwood heights.
no, not everyone loves pre-war you are correct.
but almost no one loves homes where the floors buckle, moldings crack and drywall heaves within months of purchase, either.
like 75% of all new construction.
so much pre war is just so boring. it is so obvious. not everyone loves pre-war.
Once you cross 15th or 16th street, pretty much everything is ugly in “South Slope.”