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Number of Units for Sale - Trouble?

Started by Ernest
about 8 years ago
Posts: 50
Member since: Nov 2017
Discussion about 5 Beekman Street in Fulton/Seaport
Seems like 15% of the total number of units are now for sale or under contract. Is there a problem? Are prices heading lower? Monthly taxes and condo fees seem high.
Response by ximon
about 8 years ago
Posts: 1196
Member since: Aug 2012

I don't know much about this building but I know the area well. Doesn't seem that surprising that the sales pace would be slow for such a luxurious building in such a secondary location. Surrounding area is a real mish-mash of Class B/C offices, hospitals, city agencies and a university. Never a hip area to live, just cheap. Great views though.

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