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]
Whoops. Thanks for pointing that out, 11217.
$270 per sqf??? Do you expect them to go that low or is it wishful thinking?
The price cuts do not even reflect a ding or a scratch — wouldn’t pay more than $270 p/sqf.
Some of the price cuts are bigger than 23% if you base it on the original asking prices. Unit 10D for instance was listed $738,000 in February, reduced to $675,000 in July and now to $550,000. That’s a 25% reduction since February. That’s $790/sf to $588/sf.
Gabby:
It’s One HANSON.
Not Hason.
I see double the listings above on stribling.com, none in contract. Another with Brooklyn Heights Real Estate. Inventory can run but it can’t hide.
***Bid half off peak comps***
I assume these are just listings from the developers. But I also assume there are additional resale listings from owners there who thought RE only went up, unemployment only went down and common charges stayed constant.
***Bid half off peak comps***
Good! Much better to have occupied buildings than white elephants gathering dust bunnies. I hpe they all start reducing their bubblicious listings to reality. I for one am tired of the hand wringings and MAB talk. Let the developers find their bottoms and move to meet the market.
What is to be said about apartments in which the bathrooms are bigger than the kitchens (which are not even “rooms” in any sense but simply a wall in the living rooms. And a $1MM apartment with a bedroom that is only 11×14? Please.