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Buying at 267-273 First Street

Started by mm212
almost 16 years ago
Posts: 3
Member since: Feb 2007
I am keen on buying an apt at this place. I understand that the construction started in 2005. Why did it take so long to get it up, has there been damage due to this? Does it have the occupancy permit yet? There are 5 units in contract, any ideas about the discounts given?
Response by Trompiloco
almost 16 years ago
Posts: 585
Member since: Jul 2008

Why would you be keen on buying an apartment in that building if you have so many misgivings? The only open house I went to there was empty. That was 4 months ago. Last week the listing broker contacted me by email inquiring if I would be interested in matching a 915K offer that he said he had for an apt. there that is listed @ 999K. I replied good luck with that. Bottom line is that the Elan, literally two doors down, is offering apartments at least 20% cheaper that those at 267-273 and those, still, are not selling either, so why bother...?

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Response by StreeteasyNewbie
almost 16 years ago
Posts: 26
Member since: Jan 2010

We also looked at this development and really liked #7 (even though the layout is weird) but the apartment is just severely overpriced. For the amount that they are asking for a 2BR, 2BA, you can buy a 3BR 2BA bigger apartment with a useable layout, parking space and storage at the Elan, which is right next door. And the Elan has a doorman. It just doesn't make any sense.

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