95-Lexington-Avenue-Brooklyn-0208.jpg
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]


What's Your Take? Leave a Comment

Leave a Reply

  1. I am considering buying in this building, especially now that they reduced asking. It is being thoughtfully renovated, details are nice, definite bedroom possibilities. Plus the developer supposedly actually sees things through, even following up with buyers after they move in. I’ve been looking for months and it is bigger/better than you can get for the price in most of bklyn.

  2. Clinton Hill runs to Classon, but for real estate brokers and developers it runs to Tompkins.

    Let’s be real here, This developement is nice. But competition is stiff at this price point. From Bed Stuy to Fort Greene, From Kensington to Carroll Gardens, There are many choices at 700k to 900k+++ I know this block, I know this area. This project will sell. The question is at what price???

  3. The WEST side of Classon Ave., to be specific — however, the RE community has for years insisted on extending its boundaries, with such developments as “Clinton Hill Village” on Kent Ave. between Dekabl and Willoughby. Many if those buyers believe they live in Clinton Hill.

1 2 3 4 5