Condos of the Day: Price Cuts at 95 Lexington Avenue
When we wrote about 105 Lexington Avenue two weeks ago, we didn’t realize that it was part of the same project as 95 Lexington Avenue next door. (Turns out that the same developer bought both buildings and filed to combine the two back in 2006.) Number 95, which is being marketed as the Lofts on…
When we wrote about 105 Lexington Avenue two weeks ago, we didn’t realize that it was part of the same project as 95 Lexington Avenue next door. (Turns out that the same developer bought both buildings and filed to combine the two back in 2006.) Number 95, which is being marketed as the Lofts on Lex by Corcoran, had already been on the market for a week at the time. Now, after being offered for just three weeks, prices on 11 of the 20 units have been cut in the range of 5 to 10 percent; the biggest and most expensive units have not been reduced. This looks like a pretty nice project overall and we bet would be selling better if it were one block further west on Lexington. We’re still surprised that finished loft space for around $500 a foot isn’t stimulating stronger buyer interest. Anyone been inside these?
95 Lexington Avenue [Corcoran] GMAP P*Shark
105 Lexington Avenue Coming to Market [Brownstoner]
This block is going to be one of the most desirable blocks in the hood once all these new condos sell out.
8:49…these are loft spaces. Loft spaces are huge open rooms without closets. If you want bedrooms and closets then why are you looking at loft spaces?
If this is in CH does it make it any better? NO! So what difference does it make.
These lofts aren’t geared toward any market (singles, families, etc.), why is accounting for the lack of interest. The apartments are too big and expensive for a single person to purchase as their first home. And the apartments are too awkwardly shaped for families.
I still don’t see how it’s possible to have two decent sized bedrooms in here (bedrooms, not offices). Do they intend on turning the dining rooms into bedrooms?
Also, where are the closets. I understand it’s loft space and it is supposed to be bare and open. But today’s buyers need closets.
The layouts were poorly planned and the price will need to decrease much more in order to get those first home buyers to come in. This is a fringe area, so the apartments need to be damn good to get people to come in.
I went there a few weeks ago – tried to score one of the penthouses, but they wouldn’t come down enough in price. Actually, they pretended to come down, but didn’t at all. They said from the outset as we were walking around they would reduce it to slip under the mansion tax after transfer taxes etc were added in. Then their counter to our offer was basically just that and they said that was as low as they are going. The apartments are really very lovely. Won’t get one w/o outdoor space and the penthouses are just a shade over what we are willing to pay, unfortunately.
Trying to buy in Dumbo now instead.
5:41…40% of the units are priced at $699k or better. 65% of this project is at $600k or better.
All the defense of this developement is a little suspicious. Hmmm????…can we say “vested interest”?????
clinton hill runs to bedford ave.
I’m sure all of the Bed-Stuy owners would love to grey the Clinton Hill boundaries a little bit but just because your broker told you it’s Clinton Hill dosn’t make it so.
Spend 5 minutes here and you will see exactly where the boundary is:
http://www.nyc.gov/html/dcp/html/neighbor/neigh.shtml
(Hint: It’s Classon)
5:37…apart from the ph’s, these are in the 500K-700K range.