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’s like I am legend over there…don’t go out @ night
rule number one to property is location location location…the finishes all get replaced when you sell anyway. If you can afford to splurge on “luxury” then you would be more then excited to have a personalized space with custom everything.
The type of people who buy and sweat over mortgage payments obviously made a mistake and are a layoff away from foreclosing…ie what happened in California this past year.
6:09 – isn’t that Bed Stuy?
1:14…there are 5 apartments in The Kent (970 Kent ave, 11205) right now all of them at 1000sqft or more for 545K max, all of them 2ba and at least one is a 2br. The one beds and studios could easily have walls put up.
5:03…I agree! Those units were like nothing I have ever seen.
I did see 95 Lexington this weekend (new building by cororan) very nice size and finished were some of the best i have saw.
“What do you expect for $650 a sq foot, exactly?’
Just what I was thinking when I wrote earlier about developers needing to cut prices to be more realistic, reflecting both what they’re offering and that the market’s just not so so so hot anymore.
Buyers can actually be a little picky, especially in looking at new construction. $650 a sq foot is still a lot of money, even in Brooklyn.
Oro looks to at least be built from more than sticks and clay, unlike this thing…
4:59: Oro has more amenities but it’s in the middle of friggin’ nowhere. I can’t imagine wanting to live on Flatbush Extension.
What do you expect for $650 a sq foot, exactly?
Total crap. I would never recommend these even to my enemy. The workmansip is crappy and the finishes cheap.
and that’s different from forte or oro, how exactly?