188-15th-03-2008.JPG
We’ve been tracking the progress of 188 15th Street for almost three years. At that time, it was a three-story brick house with a bunch of extra FAR. By this time last year, the seven-unit new incarnation was on the market with Corcoran. Since then five of the apartments have sold. The two remaining places (both two bedrooms) were just reduced—one from $690,000 to $675,000 and another from $695,000 to $669,000.
188 15th Street [StreetEasy] GMAP P*Shark
Condo of the Day: 188 15th Street [Brownstoner]
15th Street FAR Play Closes Well Under Ask [Brownstoner]


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  1. Hey Action (and other “guests”) – please check the IP for this particular posting – I’m not a broker, nor am I a “shill” (thanks for the definition 3:26). I am however one of the new homeowners who purchased in this building, so maybe I’m a bit biased.
    However, I’m also a long-time reader of the site, and I think, a fairly un-deluded person. I’m very curious as the level of vitrol in regards to this particular building. Although I acknowledge that brokers use this site in nefarious ways, I can personally tell you that all the positive stuff you are reading above is actually true. In terms of the quality of the construction, the appliances, etc, I couldn’t be happier. But beyond that, the people I’ve dealt with (the broker, the developer, even the contractor) have all been a pleasure.
    I know – if it’s not some terrible, hellacious experience in the annals of NYC real estate, I MUST be lying. I must have an agenda here.

    -or-

    maybe it’s one of those rare cases where its actually true. I mean, I’m only going by own personal experience with this one, so it is subjective.

    Just read the posts from the people who have actually been here, for the most part (sorry 2:17 – hope you have better luck out there finding a place that suits you better), and you’ll find they are fairly positive. Now you’ve also got two homeowners in the building chiming in.

    Personally? I looked at a LOT of the brand-new, big-box, condo buildings going up in the parts of town that were in my price range (williamsburg, south slope, etc) – most of them, yes, Vue, Crest, et al, I’m talking to you, were just shoddily-built and quickly thrown up (in addition to just being uninspired, design-wise) I’m truly surprised that more developers aren’t going the re-purposing route. I’d much rather be in a smaller building where I might actually be neighborly with my neighbors. Plus, I like the synthesis of having modern amenities while still retaining some of the character of the original building.

    But hey, its not for everyone. I could’ve bought a house way out in the ‘burbs (or an entire neighborhood in Cleveland), but it suits me just fine, and that’s all I care about.

    (sorry if this ends up being posted twice – didn’t see it go up the first time)

  2. these brokers are like undercover cops. they are so used to doing what they do (i.e. lying/overusing superlatives in the brokers’ case), it is hard to “blend in” without being obvious.

  3. apparently, the units are both new to market, as one fell out of contract because of a buyer’s inability to obtain a mortgage and the other unit was the developer’s unit. These are both recently added to the market.

  4. Shill – A shill is an associate of a person selling goods or services or a political group, who pretends no association to the seller/group and assumes the air of an enthusiastic customer. The intention of the shill is, using crowd psychology, to encourage others unaware of the set-up to purchase said goods or services or support the political group’s ideological claims.

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