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
i wouldn’t buy one of these places, but i’d be happy to rent there and i’ve heard a lot of these units are going to be rentals. anyone know if rental listings are up and/or available anywhere?
Does anyone understand the streeteasy listing? Is it saying that 63 units have been sold – then why no dates for the contracts because they’re not yet listed by the city?
the best you can hope for is a 3 bed for 800K, 11:23.
this is still NYC afterall.
the novo might be ugly, but it’s not in omaha.
Keep going. Still needs another 25% cut to make it sell.
11:19 I’m sold on your theory. Call me when the 3brs in Novo are down to $350k.
this is great news. glad to see developers slashing prices to get them sold.
the fewer houses on the market here in nyc, the less we will feel the effects of the housing bust.
if everyone slashed and cut inventory, nyc could actually almost entirely avert the housing bust, in fact.
the low inventory so far is what has kept us insulated.
if there is nothing to sell, prices can’t plummet so much.
lets assume 10% downpayment for someone in contract, price decrease 15% => negative equity (and don’t forget closing costs)
People are breaking their contract and bailing.
keep chopping maybe another 20% will spark some interest