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]
That is still way over priced,
you might have to knock off another $100,000.
Since I like to walk in the buff or wear as little clothing as possible after a shower or on a hot summer day, I tend to like my privacy and draw the curtains closed. That is why I am no fan of the all glass condo’s or the windows that go from the floor to the ceiling.
if you live on the north side of a building (any building, whether it’s on the 3rd story of a brownstone or on the 25th floor of the forte) you are in shadow 100% of the time. new york is in the northern hemisphere. the sun shines from the south….
of course everyone wants abundant natural light and people will pay a premium for it…. but just because a unit doesn’t get direct sunlight doesn’t mean it will be impossible to sell.
2:18: The 3BR’s were discounted several months ago and now start at $999k.
Saw 8D and 8C yesterday. Like much of the new construction I’ve seen in Brooklyn, the quality seems scattershot at best… some attention is paid to kitchens and bathrooms, but there’s obvious corner-cutting in other areas such as cheap, poorly-fitted closet doors and lousy windows. Also the units felt smaller than advertised and much space is wasted in the C line by a long corridor.
This drop isn’t across the board.
See for yourself.
http://www.streeteasy.com/nyc/building/230-ashland-place-brooklyn
I’ve noticed a trend on this site. Mr. B will throw out a small bit of truth (usually negative) that can be read as an overall fact. Bloggers then attck the boards with mostly opinions rather then facts. Misinformed readers misconstrue one thing for another and eventually just get completely off topic. All the while Mr. B sits and collects the $$$ from sponsers for how many hits the site gets. Smart, but misleading.
FORTE needs to sell the C and D lines before the BAM Jenga building is built. They’ve got a lil over a year. done.
i actually notice i get less sun in my brownstone then i ever did living in a high rise in manhattan.
i don’t understand your logic, 2:50 but it doesn’t matter.
i get the idea.
“So I take it you wouldn’t live in Manhattan, then??”
Speaking for myself, not if the sun was blocked, no, absolutely not. Maybe one of the low-rise neighborhoods. I chose brownstone Brooklyn for BECAUSE of the low-density and open sky.
Forte is just one of the first to market Downtown and is trying to sell as fast as possible before the other new developments are ready for owners to move in.
Given how ugly the building turned out (raw untreated concrete – it looks terrible when it rains), dropping prices is probably their only way to compete. The sponsor has to carry all those mortgages until the unit is sold – so this must be a hedge against the arriving competition.