First Closings Recorded at the Satori
Last week the first three closings at the 34-unit Satori, the condo on Bond and Carroll streets, were recorded in public records. Here’s what went: Unit A3E, which, according to the building’s condo declaration, is 1,000 square feet, closed for $733,140, with the sale including a parking space; unit B2A, a 661-sf apartment, sold for…
Last week the first three closings at the 34-unit Satori, the condo on Bond and Carroll streets, were recorded in public records. Here’s what went: Unit A3E, which, according to the building’s condo declaration, is 1,000 square feet, closed for $733,140, with the sale including a parking space; unit B2A, a 661-sf apartment, sold for $481,650; and unit A3A, a 1,100-sf unit, fetched $789,000. StreetEasy shows 12 active listings in the building, with prices going from $299,000 for a 500-sf unit to $749,000 for a 1,550-square-footer. The condo got its final certificate of occupancy in May.
340 Bond Street [StreetEasy] GMAP
More Price Cuts at The Satori [Brownstoner]
What kind of kitchen do you have in your cloud palace? Can I see the floorplan?
Methinks the $700sqft’ers flushed about $200sqft down the toilet…..funny enough it showed up the next day floating in the Gowanus.
“Mount Osnarkus” – I love it!
> Oh Deity, are you freaked out by a 0.2% chance of annual flood?
No, not really. But if you’ve ever seen a toxic sites map for this area, you might reconsider purchasing here, especially given the choices available out there.
But that’s neither here nor there. I would like to return to crux of the matter.
You said that sales at $700psf were indicative of a strong market. As of the time of those closings, asking prices are now about 30% lower. What does that indicate about the strength of the market?
I await – here in my cloud palace atop Mount Osnarkus – for your reply.
Hey Ma! Look at the pretty pattern in the canal!
http://bstoner.wpengine.com/brownstoner/archives/2009/06/more_gowanus_go.php
Oh yeah superfund is nine letters. Ha, beware my math skills!!
Re: the superfund thing – as I said, think it is overblown, and, personally wouldn’t care too much about it. also, I actually kind of like the building and it’s a nice hood for sure. But right before I put an offer on my place I did consider a nice apt in the same area, and my risk averse self was freaked out by the (irrational) devaluation of the place because of the superfund stigma.
Oh Deity, are you freaked out by a 0.2% chance of annual flood? In an apt building? Really?
Probably there are greater worries in the world, not to mention NYC.
inconceivable.
and perhaps, what is the eight letter word we’re supposed to be afraid of? is this some sort of riddle? gowanus? no. superfund? no. i give up.
go 11217 and pete. the naysayers are ridiculous. this is a good, convenient location for someone that likes the area. you have the faster commute to manhattan vs. PS, but a short walk/bike ride up to PS’s fifth avenue and even the park. anyone moving in here will be able to quickly hang out on Smith, use the Carroll street park and be near a train. this is fine. i’m sure that the buyers will move in and be perfectly happy. lots of people live within a couple of blocks of the gowanus canal. had friends that produced to perfectly intact and gorgeous children in this neighborhood. both still breathing and lacking 2 heads.
> Flood zone, superfund site… all exagerations.
I don’t think that word means what you think it means.
Is this site in a flood plain? Yes. The FEMA Flood Hazard Map map labels is as “moderate risk.” Fact, not exaggeration.
Is this area under consideration for Superfund status because of a long, toxic history? Yes. This is common knowledge. Fact, not exaggeration.