Price Cuts at One Brooklyn Bridge Park
On the heels of the news that the developer of One Brooklyn Bridge Park has started renting out a small portion of the 300 or so units that remain vacant comes word of price reductions at 15 apartments in the fancy waterfront complex. The affected units range from a 589-square-foot one-bedroom that started out asking…
On the heels of the news that the developer of One Brooklyn Bridge Park has started renting out a small portion of the 300 or so units that remain vacant comes word of price reductions at 15 apartments in the fancy waterfront complex. The affected units range from a 589-square-foot one-bedroom that started out asking $500,000 last December before dropping to $415,000 in June and then $325,000 last week (35 percent off peak!) to a 2,295-square-foot four-bedroom that started out at $2,750,000 before going to $2,295,000 and now $1,995,000. Are these levels starting to get interesting yet?
Renting 1 BBP: ‘We Would Like Things to be Different’ [Brownstoner]
Rentals, Price Cuts and Loan Extension at 1BBP [Brownstoner] GMAP
Levine Talks One Brooklyn Bridge Park Closings [Brownstoner]
BUYERS BEWARE!!! I’m really being screwed over by One Brooklyn – they’ve planted trees directly in front of my view and I’ve been trying for months to get a response from the sponsor and management company, Spandrel management. Anyone know of a great real estate litigator???
You pay high maintance monthly costs but in return you get free breakfest at the Ikea and all the cool aid you can drink.
A Few Possible selling features the sales force seems to have overlooked on the Brooklyn view apartments:
1)No pool!
2)Close up view of a highway!
3)On coming traffic lights every night!!
4)Asthma from car exhaust fumes!
5)Continous drone BQE traffic!!!
6) Walk across a higway to get to the subway!!
…still the finishes and interior spaces are nice.
We need ax cuts! Still not going to get sucked into the toxic asset housing ninja bubble with these little knife cuts.
bkre, no, I wasn’t specifically referring to you. Apologies if it seemed that way.
btw, I only think the units are an okay deal with this last price cut.
I hope you’re not calling me a shill Biff. All you have to do is check my commenting history to see that’s not true. I just happen to like this building. I can’t afford it (even with the price cuts) but I still like it. Especially now that everyone seems to have accepted the fact that the park is actually happening and is no longer a mirage.
Also – if you look at my earlier comments I also said that I think the shuttle will go away once the developer sell more units…
bkre, I regularly walk up to 10 miles per day on the weekend. I’m fine with the hill, but most people, especially the elderly, will not be so happy about the trek.
While I live in Brooklyn Heights and happen to like it, I have to agree that it seems there are a few shills in this thread. If this many people thought the units were such a great deal, why are the sales so poor?
Lastly, I have to think jonnynyc is 100% correct; that shuttle will be riding off into the sunset very soon. Either that, or the residents will be paying more moolah to subsidize it than it would cost to just get taxis when they need them.
eh, the walk is fine. I just dont really know how you buy in now. Prices are low, but the maintenance is really killer and a complete question mark — could double if things sit empty. or they could start renting by the dozens. it could be a primarily rental building. the whole thing is a mystery to me. co-ops are a pain in the ass, but I’m thinking it’s the way to go (if you dont want a brownstone)