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
kens I would guess worse case scenario the downside is 300 psft.
Just let me cash my bonus check.
Wait, my bonus is in restricted stock that vests over a five year period. . . in a company yoked to the government.
The backers of this building are bankrupt. This pricing is likely to drag the rest of downtown Brooklyn with them. I am agnostic as to the outcome, but wouldn’t want to live in a financially unstable building at monthly all in costs above my currently falling rent.
BBB yeah she mentioned that the CC is around 700 for the apt. she is interested in and its a pretty big one bedroom. She is fine with the price and cc charges financially speaking. She was just wondering what can be the near term risk of buying there? Any thoughts anyone?
Some of these prices are closer to $470 a sq. foot. Of course this is a slow time of year for real estate but perhaps after the new year things could really pick up here.
and yes I am negative on this building, it sucks! Have you seen the lobby?
You guys who are waiting for this to go into the 300’s /sf are nuts. Where can you buy a new construction condo in a location like this (blocks from just about every subway stop) for prices anywhere near that low? Please, name one.
The floor plans are horrible. I have yet to figure out where to put a kitchen table with 4 chairs.
People still use a table now days, don’t they??????
CC are way too high, 900 a month for a 1000 sft apt? Its like you a renting the place and taking the downside risk. The CC should not be more then 500
such negative ninnies. are y’all in therapy?
bank is taking a loss. that is now cast in stone.