Condos of the Day: Price Cuts at Forte
The same forces that have led to recent price cuts and rental reversions in the Downtown area are also bleeding over into the BAM Cultural District, where the Clarett Group (a long-time advertiser on Brownstoner) just started cutting prices on some of the Forte’s 110 units. Two bedrooms that used to be in the $750,000…
The same forces that have led to recent price cuts and rental reversions in the Downtown area are also bleeding over into the BAM Cultural District, where the Clarett Group (a long-time advertiser on Brownstoner) just started cutting prices on some of the Forte‘s 110 units. Two bedrooms that used to be in the $750,000 range just got about $100,000 cheaper. The 1,059-square-foot Apartment 8D, for example, is now $650,000. Think that’ll be enough to get fence-sitters to pull out their checkbooks?
Forte Studios on the Market [Brownstoner] GMAP
Forte’s Law: Doubling Height Every Month [Brownstoner]
From Cheesecake to Condos on Fulton [Brownstoner]
It has 2 fast elevators that go from the basement gym to the rediculously scenic roofdeck and a Very attentive 24hr concierge.
That plus location makes it a very attractive buy.
nope, it has multiple elevators, 8:45.
Doesn’t this building have only one elevator? If so, that’s a big reason as to why apartments are not selling.
Buy a brownstone and you won’t have common charges…just every other charge you can imagine! 🙂
Friends of ours in a building with a low common charge just got hit with a $30K assessment on their 1-bedroom apartment so the building (which has about 24 apartments) can redo the roof. Doing the math, the cost of the roof seems excessive but still…you never know with common charges and assessments. Ugh.
So, anyone care to answer the Fort Greene shopper? How much should they spend? I’m curious too!
these common charges are quite reasonable, 8:38.
you have to consider the sky high commom charge that comes with the condo. It’s ridiculous.
So we’re enjoying ahredi…
Enjoy!
Some of the logic regarding this post is pretty specious…Why and how would anyone develop those parking lots across from the forte into residences when there appears to be plenty of residential sales and inventory lying empty? Ultimately people will make their own renting or buying decisions. Some people, probably like forte owners, appreciate the many and varied nearby transportation options, including being one stop away from Kennedy airport’s monorail. Others don’t mind a fifteen minute walk to the G train or a dark ground floor apartment. Others will choose to use mortgage brokers and get adjustable rate mortgages to buy cookie-cutter boxy apartments. Bottom line – ignore haters and enjoy your own life.
This is a off topic…But, considering we’re talking about this neck of Brooklyn, I want to ask your collective opinion on brownstone Fort Greene.
Can someone estimate what we should expect to offer for a 4-floor “regular” townhouse in prime Fort Greene that needs a real reno? Basically, by “prime†I mean “prime commuting walking distance and decent shopping‖anything south of DeKalb and west of, say, Clermont. By “real reno” I mean, new everything like windows, electric, heat/hot water systems, bathrooms and kitchens but the bones are decent with some details still intact…maybe new interior woodwork around windows and doors.
We have looked at a couple of places and don’t want (can’t afford) the really big houses like on South Portland and the park. And we don’t like the smaller ones on Carlton between Greene and Layette…saw one and its “garden†floor was really only a cellar with windows. We’re more in the market for an in-between sized brick rowhouse like on Lafayette or something.
The backyards in most of FG are not that deep like they are in Prospect Heights but really, it is more the convenience to all the trains in FG and the feel of the neighborhood we like. Truth is, we live here now and don’t want to leave.
Are all prices in prime FG near the trains well north of 1.6 even for places that, frankly, need a real reno?
Also, what’s the opinion out there (aside from “After AY…â€). Is it worth dropping 1.75 to 2m on a basic double-duplex or owner-duplex-plus-two-rentals in prime FG? Is the nabe going to remain “golden†or at least stable through this downturn?
Feedback please. Thanks!