Price Cuts at Be@Schermerhorn
Well, that didn’t take long. Sales at Be@Schermerhorn began one month ago, and 33 of their 34 active listings just had their prices cut. Penthouse B, a 965-square-foot two-bedroom, cut $30,000 from the price tag, to $1.02 million. The least expensive unit, studio #9J, got a $20,000 cut, to $325,000. One unit, however, just got…
Well, that didn’t take long. Sales at Be@Schermerhorn began one month ago, and 33 of their 34 active listings just had their prices cut. Penthouse B, a 965-square-foot two-bedroom, cut $30,000 from the price tag, to $1.02 million. The least expensive unit, studio #9J, got a $20,000 cut, to $325,000. One unit, however, just got pricier. Penthouse A, 937 square feet and two-bedrooms, increased by $30,000, to $1.125 million. Will this get sales moving, or is the building doomed to be a victim of bad timing?
Inside Be@Schermerhorn [Brownstoner] GMAP
Be@Schermerhorn Hits the Market [Brownstoner]
Be@Schermerhorn Website Fleshed Out, Still No Pricing [Brownstoner]
“you can literally own a place for rental dollars right now.”
OK my cuddly little sockpuppet, please provide a link to one example.
The bottom line here people is that NY Real Estate will always be a good investment…it is not like anyplace else in the country. There has been and always will be a demand to live in this area. Brooklyn has become increasingly more popular to live in over the last few years. For people getting priced out of Manhattan, they are making their way here.
The fact remains that there are a lot of “haters” out there who will post whenever they get the chance to and thrive on negativity. Most of them are very ill informed of the facts before they get to their keyboard. Bottom line…if you have the means to do so, now is the BEST time to buy if you need a place to live. It is truely a buyers market. If you bother to run some of the numbers you can literally own a place for rental dollars right now. What kind of smart person would say “no thanks, I would rather throw my money away by renting, then have something that I can call my own for the same price”. They must really like their landlords and love to give them their money. I agree with foshizo…but hey feel free to keep waiting things out in your rentals…thinking prices will surely get lower and lower…and I will see you back here posting about how you cant afford anything once prices go back up.
That’s comedy gold, foshizo, comedy gold.
i beg to ask the question yet again. rent vs own? hmmmm. gosh darn it – how many people out there feel me right now? i have 40k downpayment. invest that in my mattress? in chicken stock? or own a property. we need this to help our economy anyway you imbeciles.
THAL, I would love to agree with you, but you’re not quite grasping what’s going on if you think that the market is going to be soft for only a couple of weeks or months.
Fatlenny and ingo are clueless…
THe time to buy is now in the stock market and RE… I luv how u said once it hits bottom then u buy. Becasue its so easy to find the bottom. You need to get a clue. This is when money is made when things look like they are falling apart and that is whats happening. People dont realize apts are negotiable get a good deal and see what happens builders may throw in incentives. There is not too many times in NYC you can negotiate and also remember rates are still low compard to history. Its amazing how many clueless and negative renters try to give advice. Just like the stock market when the RE market corrects it will be so fast you dont know what happened and you tried to time it month to month which is stupid… When u feel is a good deal go in…
It’s feeling an awful lot like January 1637.
Hmm..lets see.. $2300 of my out of pocket money toward mortgage or rent? Why would anyone waist their money if they are in a position to buy? The time is now. Deals are to be had. Interest rates are still freaking low for crying out loud. Get over yourselves.
Has anybody considered the fact that this building may be smart by keeping prices in line with the current market conditions? Some buildings refuse to lower prices no matter what. I agree with 11201…I personally like the area better then 53 Boerum. I am by no means sucking up to the building, but I am not so narrow minded either as to pass up on a good deal. At some of these prices it is actually cheaper to own something rather then throwing rent payments down the toilet!
I say why not take advantage of it while it lasts…this market will not be like this forever…and once the market does turn around you can bet prices will be going back up again! Sorry but I dont feel like my money is safe in the stock market at all, so real estate is the way to go.