Prices Drop at the Oro Tower
The Oro, a condominium tower in Downtown that reached completion as the real estate boom went bust, is now cutting its prices by up to 25 percent to boost sales. Since the building’s marketing campaign launched two years ago, only 90 out of the 374 units have closed, reports Crain’s. The publication lists a studio’s…
The Oro, a condominium tower in Downtown that reached completion as the real estate boom went bust, is now cutting its prices by up to 25 percent to boost sales. Since the building’s marketing campaign launched two years ago, only 90 out of the 374 units have closed, reports Crain’s. The publication lists a studio’s current price as $295,000, while another three-bedroom goes for over $1 million, and Street Easy has an active one-bedroom listed for $539,000; you can see all of the listings here. What’s interesting is that in the Crain’s article the developer says that he has no interest in converting the empty units to rentals, as other buildings have done to remain afloat. “Oro has always been a condo building and we intend to keep it that way,” he said. Nevertheless, there are two active rental listings on Street Easy, a studio for $1,800 per month and a one-bedroom for $2,850, suggesting that a couple of the original buyers are feeling a little more open-minded on the rental question.
Condo Prices Slashed 25% at Big Brooklyn Tower [Crain’s] GMAP
Work Resuming at Oro Part Deux? [Brownstoner]
Oro at 306 Gold Street [StreetEasy]
“I’m voting for Bill Thompson because I am so disgusted….”
You are not voting for Bill Thompson you are not VOTING AGAINST Bloomberg. How anyone think BT is better for NYC now or better qualified than MB is just beyond silly.
***Bill Thompson For Mayor***
if Bill Thompson became mayor it would be brownstones 70 percent off. Thats for sure
Posted by: bitter_bubble_buyer at October 7, 2009 10:15 AM
guess I need to get the man into office then
cutting off your nose to spite your face?
I’m voting for Bill Thompson because I am so disgusted by the Bloomberg campaign, as detailed in a recent New Yorker article — hiring all available professional campaign consultants, even though they’re not needed, just so they can’t work for anyone else; continuing to try to destroy Anthony Weiner, even though he’s not running any more; etc., etc.
And then there’s the incessant parade of Bloomberg campaign literature showing up in my mailbox, and endless campaign telephone calls.
For Christ’s sake, Bloomberg has already spent $65 million on the campaign, to Thompson’s 3.8.
It’s a serious distortion of democracy.
if Bill Thompson became mayor it would be brownstones 70 percent off. Thats for sure
“Thompson for Mayor” – that just triggers thoughts of pro baseball when experts were saying that “it just aint attracting the top self talents”
hey, BHO, If you are really for Bill Thompson would be more helpful to his campaign if kept it to yourself. Otherwise you’ll push people to vote for that other guy.
It’s not location. It’s timing.
***Bill Thompson For Mayor***