Price Cuts at the Oro
Looks like developers have taken the axe to the Oro, where a 1,092-square-foot, two-bedroom, two-bath unit got a $35,000 chop after 383 days on the market, according to StreetEasy. It’s now $777,000. Okay, so it’s a small axe. Another studio got a $30,000 discount, to $480,000. Unit 14F got an increase, however; the one-bed, one-bath…
Looks like developers have taken the axe to the Oro, where a 1,092-square-foot, two-bedroom, two-bath unit got a $35,000 chop after 383 days on the market, according to StreetEasy. It’s now $777,000. Okay, so it’s a small axe. Another studio got a $30,000 discount, to $480,000. Unit 14F got an increase, however; the one-bed, one-bath is now $589,000, up from $577,000 three days ago. The building (which is a Brownstoner advertiser) has only reduced a few units over the past months; think this will be enough to get it moving?
Closings Begin at Oro [Brownstoner] GMAP
Oro Closings Becoming a Reality [Brownstoner]
Price Cut at the Oro [Brownstoner]
“I would want a neighborhood for that kind of money”
That’s what’s up.
If you had to choose from these three: Forte, Toren or Oro, which would it be? Please, don’t give me “D. None of the above” even though many of you will think it. Granted, Toren isn’t ready to move in yet.
Whoops Johnny,
I’m sure it’s very nice.
It could be shangri-la inside. . . I would want a neighborhood for that kind of money. for any kind of money, actually
Have any of you guys even been inside the Oro? I checked it out (just for kicks–I’m weird like that) and thought it was pretty nice. I know that doesn’t address the buy vs rent issue, just ontheparkway’s last comment
rentals!!!!!!!
I’m not getting why anyone would want to plunk down $700K-plus to buy in the oro when you can rent for way less than what it would cost to finance, even with the tax deduction.
You think the value of that place is going to go way up in the next few years?
Seems unlikely.
Btw, I’m also not getting why you would want to live in the Oro, period, since your naybors are a car wash and state health office. At least the Forte is walking distance to stuff anyone might want for that price
“Forte has gone rental”
The jig is up. There’s gonna be a lot of cheap luxury apartments to choose from over the coming years (especially with 2-year lease negotiations). A nice way to wait out the implosion.
New World Order!!!!??? In caps no less.
“think this will be enough to get it moving?”
No, and neither do you. Sandpaper will not get it done. They need to adjust to the New World Order.