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?
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From Cheesecake to Condos on Fulton [Brownstoner]
1:09…inventory in New York City is at historical LOWS right now.
Do some research.
Now that they have cut prices I do believe the units will sell much faster….Its about time.
Inventory is high, not super low. Take a look around you – development everywhere. Population changes are negligible. We’re still only 8 or so million deep.
What is it with all of these new monstrosities and the giant HVAC units on top?? Can’t these fancy architects figure out a way to “hide” them via some of their famous “design?” Hideous.
Maybe they just want to get them all sold, fast!!
I’d say most buildings should be cutting prices drastically right now if they were smart. Just get the deals DONE.
If NYC manages to keep inventory super low like it’s been, we should be able to off-set most of the trouble in the housing market.
Slash those prices, and get all this crap sold.
the forte website & the NYT listing show different square footages for the listing – is $650K for 1007sf or 1059sf?
Why stop now? Keep cuttin’.
I think $650k is on the low end for a 2 bed/2 bath — $750k was too high, but I would have expected them to cut the price to $695k or so. I don’t know how their finishes are, but if they are of decent quality, this should sell pretty fast 🙂
I honestly can’t believe they’ve waited this long to cut prices.
For an extremely mediocre building, I always thought the prices were way too steep.
For the amount this building advertises, it should have been sold out long ago if it were a quality product.
Great location, though.