Forte Reboot Priced to Sell
After going off the market at the end of the summer (presumably while the bank figured its plan of action), the Forte hit the market again at the end of last week under the auspices of Corcoran. The big news is that the units look priced to sell! Back in the old days, a 1,000-square-foot…
After going off the market at the end of the summer (presumably while the bank figured its plan of action), the Forte hit the market again at the end of last week under the auspices of Corcoran. The big news is that the units look priced to sell! Back in the old days, a 1,000-square-foot two-bedroom woulda cost you somewhere in the mid- to high- $700,000s. Now, for that price, you can pick a 1,435-square-foot three-bedroom. Crazy. From the looks of the first wave of listings, most apartments are priced at around $500 a foot. These could go fast at these prices. GMAP
the worst commute obviously is Park Slope (center slope closer to dreaded F line)
and anyone living in Windsor Terrace!
ugh the F just blows!
“Clinton Hill is not for people who work in the city. Commute is bad.”
???
I’ve been managing quite well for 5 years. Not as easy as Boerum Hill, but still at office in midtown in 30 minutes. Brisk walk down DeKalb to B or Q in the morning gets rid of cobwebs and gets me exercise to boot.
“Clinton Hill is not for people who work in the city. Commute is bad”
this would be incorrect….quite an easy commute to midtown or anyplace on the west side. if you work on the east side its a bit trickier…
and babs, my place was move in ready in Clinton Hill. I understand not everyone wants to own a house but the economics of it make sense if you can come up withe DP.
Honestly, I would be scared to buy a condo in this bldg knowing the financial situation the developer/bank are in and I agree with whoever said that you will be stuck renting waiting to close while similar apts in the same bldg going into contract for much less than what you would be on the hook for….
Clinton Hill is not for people who work in the city. Commute is bad
Wasder;
One more thing to consider. In a well-run condo (already established, competent baord in place) your total cost of ownership is pretty much priced into either the purchase price and the common charges. A competent board will make sure part of the cc’s are set aside for repair and replacement reserves.
When you are purchasing a home, the down-stream costs may or may not be factored into the price.
what TD said
Also, buying a 3,000 SF house @ $300/sf isn’t a viable option for somebody with say a $700,000 budget, even though the square footage cost is lower.
What Babs said.