Condos of the Day: Price Cuts at 433 Warren Street
The 14-unit, Scarano-designed development at 433 Warren Street in Boerum Hill has been on the market since October but thus far just one apartment is in contract and another three have just received price cuts. (This penthouse with mezzanine, for example, was just reduced from $465,000 to $397,000; this two-bedroom on the third floor went…
The 14-unit, Scarano-designed development at 433 Warren Street in Boerum Hill has been on the market since October but thus far just one apartment is in contract and another three have just received price cuts. (This penthouse with mezzanine, for example, was just reduced from $465,000 to $397,000; this two-bedroom on the third floor went from $649,000 to $598,000.) Think this will have the desired effect?
433 Warren Street Listings [Douglas Elliman] GMAP DOB
Condos of the Day: 433 Warren Street [Brownstoner]
Development Watch: 431 Warren Street [Brownstoner]
“It won’t be difficult if the price is right – even if it’s next to projects it’s smack in the middle of several great neighborhoods, near subways etc.”
You mean like a 40% reduction?
It won’t be difficult if the price is right – even if it’s next to projects it’s smack in the middle of several great neighborhoods, near subways etc.
1:58. They have a few townhouses with 3 or 4 BRs.
1:26 – but I dont think Smith -n Court have/had 3 or 4 Bedrooms
Actually, selling at any price is going to be difficult. Anyone willing to live in that neighborhood (in the projects) isn’t likely to have the credit required to get a mortgage in today’s market, or the up-front cash to outright buy the place. Prices will have to be cut extremely drastically if they are to sell at all.
No way they sell at this price in that location. Have to drop by about 40% to sell them.
“Rhymes with Schmental.”
mental?
“Rhymes with Schmental.”
Yentl?
<(G)>
Interesting. Could Gowanus (a few blocks south) be affecting the water table?
From the photo, I don’t mind the looks of the place, but the location?! I spend enough time living near the projects, and I do not miss it.