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
Yes, there is new development all over Brooklyn, but how much new development is there in prime Fort Greene? The Verdi and 181 Clermont (or whatever the address is)are both well away from BAM, Atlantic Ave. trains, etc.).
Why does this feel like as good a bargain as discounted cruise tickets on the Titanic?
Sorry, layouts = apartments. Layouts and floorplans are redundant.
I’ve never liked the layouts in this building because, as STARGAZER said, the floorplans are terrible. But, I’d seriously consider the 1,435 square foot 3-bedroom at that price, which, surprisingly looks to have a good layout. In a few years, the building’s problems will all be worked out, just as in any new condo.
2005
Commerzbank buys Eurohypo.
2008-2009
Commerzbank received 8.2 billion euros from the total package of state aid pledged by the German government. The Government promises an additional 10 Billion if needed.
That’s billion, with a B. And in Euros.
Commerzbank has promised to spin off Eurohypo, but hasn’t yet to my knowledge.
We live in a fantasy world subsidized by cartoon-ish national debts.
All for “luxury.” This is how our republic ends, with tacky luxury finishes.
Thanks zinka and benson.
Clarett (the developer) is totally out of the picture. The new owner of the unsold units is Eurohypo, a German bank that is now trying to sell them for these lower prices. Unsubstantiated rumor holds that 10 units have gone into contract in the last week. The condo association is financially sound.
Kens;
JTB is right on target. In a new building, there will always be “start-up” issues, and usually it is the developer/sponsor’s responsibility to address them. Now that they are out of the picture, you should really find out how this issue is being handled. It may come down to the condo association itself, in which case there will be pressure on their budget.
Wasn’t this bought over and no longer held by a company that’s bankrupt. Didn’t Goldman spin it off or was it only spinning the mortgage on Forte off to another bank?