Toll Even More Serious Than We Thought About Price Cuts
It seems that the price cutting situation at Northside Piers in Williamsburg is more widespread than we or Curbed thought. A tipster points out that some of the higher-priced units actually got huge price cuts but didn’t show up on StreetEasy with a down-arrow next to them. To wit: Penthouse 2 was massacred from $2,019,990…
It seems that the price cutting situation at Northside Piers in Williamsburg is more widespread than we or Curbed thought. A tipster points out that some of the higher-priced units actually got huge price cuts but didn’t show up on StreetEasy with a down-arrow next to them. To wit: Penthouse 2 was massacred from $2,019,990 to $1,274,990; PH3 from $2,111,990 to $1,350,990; PH5 from $1,680,990 to $1,095,990. Holy crap. What will the ripple effect be? GMAP
Wow great move by Toll brothers…get out ASAP to limit the hemorrhage. Absolutely beautiful!
DIBS & MM you guys are right the limited supply of brownstones make them more desirable but make no mistake they are not immune to significant price reductions and devaluation as Snarkslope so simply pointed out.
Remember once condos are so “cheap” that they become affordable potential brownstone renters will undoubtedly opt to buy condos instead of renting their beloved brownstones…the link is simply unavoidable on the lower end of the market…$400K 1 br apartments.
We are already seeing 15 to 20% price reductions on nice brownstones in Park Slope for example from today’s Open House picks…this trend will continue for a while and more drastically in “fringe” neighborhoods.
THAT BHEIGHTS TOWNHOUSE IS LOOKING MORE AND MORE LIKE SOMETHING I will be able to get for 1 million or less. YES….
Why pick on Sam?
Thank you, East New York. Although I’m a woman, actually.
I see you are very bitter Sam. Is it because you are starting to feel stupid for over overpaying for your crummy home. and now you can’t afford it and some lowlife like me is going to buy it for a song and a dance? Well you thought you were so smart when you bought and all us hard working renters were your dumb servents. Well payback is a bitch isn’r it?
> “Where is sebb? Where is wine lover?”
Probably down at that Burg speakeasy, taking their sorrows out for a dip.
Where is sebb? Where is wine lover?
Indeed you are, Mopar my man!
I’m bold, East New York.
Ditto, are we both approaching our 107th birthdays soon!? We’ll have to celebrate somewhere suitable like a Burg speakeasy.