Bklyn new constr: ask drops from $1.5mm to $750k

There are a lot of things wrong with this place: the rooms look small and boxy in spite of the big sf-age that is claimed. Part of the problem is the chintzy construction, which has used small, ugly windows, also they built it with very low ceilings. However, I note the GI-normous drop in the asking price. My guess is they will have to fall still more, to at least $300/sf to move it. Probably... [more]

There are a lot of things wrong with this place: the rooms look small and boxy in spite of the big sf-age that is claimed. Part of the problem is the chintzy construction, which has used small, ugly windows, also they built it with very low ceilings. However, I note the GI-normous drop in the asking price. My guess is they will have to fall still more, to at least $300/sf to move it. Probably lower. http://www.streeteasy.com/nyc/sale/412573-condo-315-20th-street-brooklyn Interesting, other smaller units in the same building have not been marked down nearly as much. Here is a one-bd in the same project that has only been dropped by 15%. With this listing you also get a drawing of the exterior, which again is ugly. This neighborhood is "Greenwood Heights,", or the northern end of Sunset Park. http://www.streeteasy.com/nyc/sale/393256-condo-315-20th-street-brooklyn Anyhow it does seem as if there is more price movement lately in the "near-nice" neighborhoods -- ie Greenwood, Clinton Hill, Prospect Heights, and so on. I think the price drops are going to be a "slow creep" from bad nabes to not-to-bad to near-nice to, at long last, the near-nice streets within the nice nabes. [less]