Prices Cut on Most Remaining One Hanson Units
Not exactly a closeout sale, but almost: A couple days ago, the asking prices were dropped on nearly all of One Hanson’s unsold units listed on StreetEasy. The scope of the cuts? One of the biggest was a 23 percent price reduction on a 1,500-sf, 2-bed, which went from $1,222,431 to $945,000. There were also…
Not exactly a closeout sale, but almost: A couple days ago, the asking prices were dropped on nearly all of One Hanson’s unsold units listed on StreetEasy. The scope of the cuts? One of the biggest was a 23 percent price reduction on a 1,500-sf, 2-bed, which went from $1,222,431 to $945,000. There were also a bunch of decently sized reductions on smaller, less-pricey units, like this 1,000-sf 2-bed, which went from $838,000 to $675,000. Although there have been minor cuts on askings in the building in the past, this is the first time most units have seen double-digit reductions.
One Hanson Place Listings [StreetEasy] GMAP
One Hanson Remainders Go Rental [Brownstoner]
There’s no rational explantation for NYC housing prices compared to market rents.
We’re likely in for another 50% drop.
There’s no correlation between prices and rents — none.
The bubble will take a couple years to deflate. Folks don’t like to lose money, but eventually they’ll have no choice — they’ll have to sell.
I love this building. I am saving up to buy a two bedroom. Some units seem very small, but others are quite generous in size. I have been waiting for them to lower prices, and hopefully I’ll sign a contract on Sunday for a two bedroom facing Manhattan. The Views are amazing.
I love this building. I am saving up to buy a two bedroom. Some units seem very small, but others are quite generous in size. I have been waiting for them to lower prices, and hopefully I’ll sign a contract on Sunday for a two bedroom facing Manhattan. The Views are amazing.
LOL, prodope. Rehab is for quitters.
***Bid half off peak comps***
So what’s the local elementary? PS 38? Or something? How is that?
NoSoupForYou-
welcome to the stoner world.
did bho pick you up and bring you home last night?
and introduce you to the board this morning?
your heroic voice will find a nice harmony here with all your fellow princess of pessimism. by the end of the day you’ll all be able to confirm the brilliance of your intelligence.
BHO: I loved this one: “Do they make non-alcholic wine?”
Maly: “New York has never worked like that…” confine that to Manhattan…I’ve lived through the 80’s bust when people just walked away from their homes. Brooklyn, Bronx, Queens, SI have been home to middle class for decades — the price jump from 2003 to the peak to now is simply unsustainable for the middle class in these four of five boros. Where do you suggest that the middle class live?
“The prices are not going to go down to a magic number where YOU can comfortably afford it.” They will, and if you think otherwise, please share your theory of an economy that can sustain not only the prices of today, but of the peak too?
I’ve been arguing this since 2004; I’m neither a prophet or seer or anything else of the nature — this is just common sense.
“Tdeezy” I understand your situation; before I buy or invest in anything significant, I ALWAYS do research, and lots of it. I’ve been doing my research on this for over five years while still living in a studio co-op waiting for things to finally cool-off. My parents did very well when rental buildings went co-op and the price of owning a home [in this, co-ops] was fair and matched income ratios of the middle class, so people could enjoy life whilst owning a home without worrying about a mountain of debt on their heads from insanely overpriced brick and mortar — oh, and the silly “chef’s kitchen” non-sense like “SS appliances” and “granite” counter tops. I’m not complaining, just responding to the insanity that has become the norm.
I agree, Maly hits the nail on the head with that one.
“I am tired of people who pretend to be prophets and seers.”
Post of the freaking decade!