northside piers - price negotiation

make an offer, if not accepted, walk away

yeah the sales rejected my offer and says if i would be interested in countering at a recent sale price(sales made in october last year) i should then contact them.

A general rule of negotiation is to not negotiate against yourself, if you made what you believe is a reasonable offer, they should counter, if not use what is your biggest strength- your ability to walk away from the table.

It's only a matter of time.....call every 30 days and ask if they've lost enough money yet.

thank you all for the advises. I am kinda rushing to settle since I've been looking for a good three month till now, and started losing my patience, and tired of looking.

Stay strong young Jedi. Use the force. Your day will come.

Why Northside Pier?
There are an abundance of condos in WB that could be had for far less.

I understand being tired and/or needing to move. However, don't offer more $ just because of that. It took us 5 months, but we finally found a place with everything we wanted at the price we wanted. We certainly had to walk away from more than one place, and tensely "discuss" some apartments over more than one dinner, but we eventually found it.

That being said, if you really really want to live there, maybe you should take another look at your offer. How far off of their asking were you? I'm sorta surprised that they weren't even willing to talk (unless you just bid really low).

Which unit you looking at?

http://curbed.com/archives/2010/01/19/toll_brothers_play_lets_make_a_deal_at_northside_piers.php#more

NSP - all talk, as the curbed article clearly shows.

Who was talking up NSP on another thread?

so which in tower 2

unit

Seahawk?

Once the building is done the price cuts will come.

The current recorded sales are "post massacre" pricing. As you can see, most are well over 10% discount to current asking, but as you can also see there has been 13 recorded sales and another 6 units taken off the market since October 15, 2009 in NSP 1.

Folks that's nearly 20 units of throughput in this one building alone in 3 months. As I said, NSP clearly has the leverage to move this inventory. They have clearly found the market, which in my view is at - or dam near - a bottom at these prices. For all intents and purposes, The Edge is the same dam thing. They will have to get into the 600's/sq ft depending on size, height, and location of apt to meet demand, when they do, they will realize the same success.

Condos of this quality, with the amenities they are offering, in this neighborhood, simply are not going to get much cheaper.

Anyway, NSP 1 is now over 80% sold out. The most desirable exposures and floor plans are sold. Now is a great time to buy here or Edge (at the market price). Of course the point is mute if you don't have cash or can't get money money money from the banks!

Good old Mad0415! That's the name of the shill I was looking for!

hahahahaha

Don't say I didn't tell you so!

I like that....Shill!

I'll have to remember that one. Clearly a derogatory term for a type of degenerate ignoramous or something of the like?

I started with 20% off listing, and about 35k below a couple recorded sale for a one bed. I think it was just the sales person I talked with. She lied so obviously, that I don't even bother to clarify with her. I know they all do, but at least be smart about it. Telling me that an employee bought the unit to get the 15% discount and I would not be able to get similar price is simply ridiculous. Great, all three units of that line shows on the record are bought by insiders! If that's true, it's definitely a concern.

I am more into NSP1 because it's 80% sold. They must have done something right to get the crowd there. and I do care about high raise and a higher floor which limits my choice to few condos.

But I do worry about the L Train, having 5000 people ride with me on the same train line is simply scary. And appearantly there's no other option. Yes, the MTA may address the issue accordingly, but it takes time.

And the inventory out there worries me too. NSP 2 is already selling cheaper than NSP1, and they are planning to build NSP3?

- mad0415. Those sales are made in 2009, i believe 2010 has a different forcast now. Given the basic supply demand theory. I see the price going down again or the units will simply sit. The rental market start doing couple monthes free with tons of new developments' grand opening. Why new yorkers are willing to pay so much to own? Because we have suffered long for the ridiculously increasing rent. And it isn't the case nowadays. Rent has been heading south and will continue to do so. What's the incentive? $8,000 was, but be smart, to get $8,000 how much would you have to spend to get a NY Condo.

shocksternyc - Thank you for the encouragement! I guess the buyers' market isn't necessary the good thing. The more I look at, the more desperate I feel.