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
joe- try the meier website. I think that’s where they are. the bathrooms look like morgues, by the way. While I love the lightbox effect in the photos, for me that doesn’t translate into a liveable space. I have a feeling they been having a very hard time selling because it feels like an office, not a home.
bxgirl, I can’t see kitchen pics, but I’ll take everyone’s word for it. it’s not my kind of place either. All I’m saying is — who were those people throwing 1100/foot at this for the last few months (there must have been 5 sales over 2.5MM), and if those deals are real, why would they need to do this? something’s fishy.
joe- maybe their problem is not the market but the design. This has got to be one of the coldest, most unwelcoming residence designs I’ve ever seen. As glorious as those windows – and I love lots and lot of light- there is no way you’ll be keeping them uncovered in the summer. I don’t know enough about green design, and I didn’t see any touting of it in their descriptions, so my guess is the building design demands a lot of hi-end, energy consuming technology. The kitchen looks like an operating room.
I am perplexed by this. This place has put up some really great numbers — it seems to make “largest sales” every couple of weeks. New sales, too — contracts in 09, at 1100 a foot and up. Why would they need to do this promo, and why such a drastic cut? Were they “painting the tape”? How would it help anyone to do a bait and switch that drastic, if it’s a bait-and-switch?
The description says it has east and south exposures but the floor plan is clearly north/south or east/west. For a million bucks would be so diffiecult to have a compass on the floorplan? I’m tickled that my pre-war bedroom has more sq foot than the master here.
I won’t make an offer if I am dealing with a realtor who is clearly going to act like it’s 2007. Most realtors I deal with these days clearly understand where the market is heading and signal flexibility and willingness to deal. But when someone makes up competing offers to try to make it sound like I had just better jump on this right now or else it’s going to sell like hotcakes, I’m gone. (to be clear I don’t know for a fact that the offers were made up, but I think I have a pretty good bullshit detector and I had a strong suspicion)
And as I have said many times, I can’t be bothered to run around lowballing people. I will wait for the market to come down more before starting to make offers. Offering 40% less than ask is not particularly pleasant for either side. I will let the market do my work for me.
eye’ing the flr plan, it doesn’t feel like 1500 sq ft. plus the CC is high, real high. does dr man cost that much? or more svcs are provided (ie drop off laundry, valet parking, free car wash per month,…..)?
What’s the score on this puppy? +50% sold?
***Bid half off peak comps***
” ‘Limited Availability Pricing’ ”
Russian Roulette.
***Bid half off peak comps***