OPP Floats Some 'Limited Availability Pricing'
Following, perhaps, in the footsteps of Forte (which cut prices on a batch of condos for a limited time), the marketing forces behind On Prospect Park, Richard Meier’s flashy building in Prospect Heights, have just introduced some “limited availability pricing” on a handful of units. (Complete listings here.) The most noteworthy is this two-bedroom unit…
Following, perhaps, in the footsteps of Forte (which cut prices on a batch of condos for a limited time), the marketing forces behind On Prospect Park, Richard Meier’s flashy building in Prospect Heights, have just introduced some “limited availability pricing” on a handful of units. (Complete listings here.) The most noteworthy is this two-bedroom unit with 1,547 square feet that just hit the market asking a mere $1,003,500. This comes out to $650 a foot, far less than anything we’ve ever seen listed in the building. We also saw the “limited availability pricing” promoted on two other listings—a two-bedroom and a three-bedroom—though neither get close to the $650 a foot level. Let us know if you see other similar listings pop up. One other thing: Why is the maintenance so high in this building? No J-51? GMAP
Photo by j.morefield
More about the buyer: made about $1mm buying a dumbo property (one of the best dumbo addresses) in 2005 and selling in 2008. Partially financed the OPP purchase.
Real people, real money, real sale.
aw, come on lech, it’s just for fun. I’m not gonna write a dissertation for you whenever I think realtors and developers might be doing something shady. it’s a blog for heaven’s sake, not the harvard business review.
anyway, if they just imply that they sold the place in 09 when they didn’t, it is still painting the tape.
“I see your $4250, ENY and offer $5000.”
$5,550
OK, here is why we should not be speculating about people painting the tape without doing research first. About 5 minutes on the Internet got me the following information about the buyer of the $4mm plus OPP unit that was one of the recent biggest sales of the week. He’s an MD at Goldman Sachs and I would guess was able to pay cash for the place (should he so choose). The price is real and the buyer is real. The only thing that is obviously just wrong is the contract date. No way in hell did this guy go into contract at that price in 2009. Just no way in hell. This is not a dumb rich foreigner we’re talking about. Maybe the contract was renegotiated to a lower price in 2009? That I can believe.
Anyways, unless someone can point to good evidence of someone submitting fraudulent prices to ACRIS I’m not throw around accusations. Do your research people.
And I’ve got a heart of glass, joe.
snarkslope, you are so transparent.
ok lech, i was baiting a little.
ledbury’s comment makes sense. you know what it could be? the buyers who originally contracted in 07 are renegotiating, and the developer is just calling that a new contract. That also explains why the close is happening so soon after the contract date.
I really like the interiors of this place. Then again, I am probably the coldest, most unwelcoming commenter here.
I see your $4250, ENY and offer $5000.
“I’ll pay you $4,000.”
I’ll go $4,250. I like this place.