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Percentage Sold and Discount

Started by 300_mercer
almost 7 years ago
Posts: 10570
Member since: Feb 2007
Does any one know what percentage of the building is sold? As per Streeteasy "sold or not available" listing count, seems more than 85% sold. What discounts are they offering, if any, from the list prices which has not gone down much from 2017.
Response by itesfai
almost 7 years ago
Posts: 77
Member since: Nov 2012

300, I would say over 90%. Great project.

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Response by itesfai
almost 7 years ago
Posts: 77
Member since: Nov 2012

Sorry, for the second part of your question, I had a deal fall through in 2017 and there were no concessions at that time but that could be due to the size of the apartment deal i was involved in. Sales were really flying then. Not sure today, I am seeing larger units on the market and I am sure there is negotiability there. Also now they have Waterline next door and probably want to unload the remaining inventory

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Response by 300_mercer
almost 7 years ago
Posts: 10570
Member since: Feb 2007

Thank you. It seemed fairly priced at $2000 to $2500 per square ft after adjusting for a little out of the way location. That is why I was curious.

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Response by 30yrs_RE_20_in_REO
almost 7 years ago
Posts: 9877
Member since: Mar 2009

According to realtyhop:
"The longest recent transaction was unit 32A, listed on 2017-05-11 for $7,400,000 and ultimately sold 367 days later for $6,738,040"
So it would seem a year ago they were about 10% negotiable.
They also state "There are 214 closings on record since 2017-08-29" add the 2 SE has in contract makes 216 out of 246 gives 88% sold by number of units.

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Response by 300_mercer
almost 7 years ago
Posts: 10570
Member since: Feb 2007

Thank you. Not a bad sale for 32A. I would have thought bigger discount as it is one of the larger units and high $ price.

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Response by 300_mercer
almost 7 years ago
Posts: 10570
Member since: Feb 2007

35A at $7.33mm.

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Response by 300_mercer
almost 7 years ago
Posts: 10570
Member since: Feb 2007

PHA at a big discount with high $ price. $ per sq ft still much higher than others.

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Response by 300_mercer
almost 7 years ago
Posts: 10570
Member since: Feb 2007

Btw, it seems to me that the West of Time Warner from 56th st to 63rd st finally has the critical mass to boom. Even collegiate school is there and with Billionaire row being occupied, easy commute to Hudson yards, it will keep getting better.

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