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]
When I saw Lex I thought it was manhattan. For $500 a foot.
Then I saw it was in Bed-Stuy Do or Die.
What was I thinking?
Let me put the pipe down and get back to work . . .
i know willbklyn, nice to see that these guys are still priced under a million
I find the statements above about reducing size to make these more affordable to first-time (and other) buyers interesting. Here’s a different perspective: I like lots of space and actually don’t need luxury finishes. New and better-than-average is good enough for me (i.e.: the Hotpoint stove that I bought for my last apartment, which had an oversized burner, a really hot burner, was self-cleaning). I also suspect that the luxury finishes have a higher mark-up, like the profit-margin on that soda you buy with your burger.
when I went it sounded like the developers were amendable to negotiating right off the bat, looks like that whole block is going to be a filled condos and that street will be totally awesome
kitchens were gorgeous and only 4 huge units per floor, its a nice place
I went to an open house two weeks ago. They have actually converted the model into a 2 bedroom apartment, and it works very well. How is Duravit “fake-luxury”?
3:08 -Have you been there?
I am going to assume that you haven’t because the model unit is already converted to a true two bedroom.
“Agreed on the finishes too nice to see that people are finally taking the Brooklyn buyer seriously and delivering highend and chic product”
Yeah – FINALLY ! Next thing you know Brooklyn properties will be selling for more than a million dollars!
Totally agreed they can be converted to huge 1 bed and smaller 2nd bedroom but I like the option of keeping the whole place wide open as a huge loft. Agreed on the finishes too nice to see that people are finally taking the Brooklyn buyer seriously and delivering highend and chic product