Novo Takes a Nosedive
What’s the matter? Don’t buyers know they’re going to have a brand-spanking-new dog run in their backyard? Novo [StreetEasy] Curbed PriceChopper: Everything Left at Novo Park Slope [Curbed] GMAP
What’s the matter? Don’t buyers know they’re going to have a brand-spanking-new dog run in their backyard?
Novo [StreetEasy]
Curbed PriceChopper: Everything Left at Novo Park Slope [Curbed] GMAP
There are only 12 units left to sell.
All the naysayers can suck it.
Am feeling so relieved right now that we bought a house in an up and coming but more affordable neighborhood, instead of a condo at the Novo. We almost went for one of the 3BR’s here. It would have hurt us financially with the huge delays in finishing this building, having to pay for several months to a year’s additional rent before being able to close and move in. That sucks. I’d never consider buying pre-construction ever again. I have a friend who had to wait several months with nowhere to live after buying a pre-construction condo and they didn’t finish it on time.
They just need to finish the thing so they can market it properly. As for prices, has anyone seen other 3BR condos in Park Slope in PS 321 district? They cost anywhere from $300,000 to $700,000 more than these and are the same size or just a little bigger. I always thought the Novo was pretty reasonably priced. I’m not saying that makes sense or we should all be happy about it. Just pointing it out.
Your rental prices are a little out of whack 11:37.
I own a two buildings in Park Slope…granted a slightly better location than this, but to give you an idea my 2 bedroom duplex rents for $4200 a month and my 1 bedrooms rent for $2000 a month.
If you think you can rent a 3 bedroom in this location for $2500, you are mistaken. I’d say $3500 to be more accurate.
I broke my contract and got out – even at a loss 🙁 but now the price is way below what I would have ended up paying
Brooklynnative: Given that no Novo closings have occurred, nothing has been filed with the city. So I think Streeteasy is mainly dependent on the Corcoran website for disclosures of what is in contract and what is still available.
gabby commenting on the Novo. say it ain’t so.
The Novodone!
Wow – some of these prices are still $740 and even $899 a foot! now that’s what i call optimism…
11:29:
“the best you can hope for is a 3 bed for 800K”
It’s going to get much lower than that. It would rent for about $2500 a month. With a maintenance payment of $600 a month, that leaves $1900 to cover the cost of the interest, to be priced correctly.
$1900 in interest (AFTER a tax benefit) works out to a mortgage on $450K apartment.
$450K for a three bedroom in the NOVO is the correct price.
LOTS MORE TO FALL
its true – people will rent no matter how butt ugly the place.