The Absolute

My wife and I looked at 1 bedroom apartments in this building in January 2008. The asking price was around 380K for the lower floor units but we were told that the developer was going to raise the asking prices by at least 20K. Prices were indeed increased. But in my opinion the units we visited (although not yet finished at that time) were way overpriced even at 380K.

Does anyone have any new insight on this place? I saw it yesterday and liked it a lot. My biggest concern is the G train, those of you in Clinton Hill, what is your opinion of the train?

I like it, and am considering making an offer; we'll see how flexible the owners are on price and conditions. I would take the bus from outside the building, down Myrtle, to Metrotech and take a train from there.

I am also looking at this building. Has anyone made an offer? Is the asking price negotiable?

They are negotiable, though they apparently have dropped the incentive package they were previously offering. I assume it's because they now have enough signed contracts to go ahead with closings. Before they were paying for your move, giving you parking, and paying the mortgage tax. Having dropped those, I assume they can be more flexible on the asking price. With the incentive package, they said they would go lower than 5% off of asking on the highest floor B-line 1BR apt. Nice building, decent apartment, but I wanted more space in a nicer neighborhood and a more flexible developer. I signed elsewhere.

has anyone bought? and how flexible were they in negotiating? wondering if i should seriously consider bidding or wait

The first sale closing happend on May 20 for $599 PSF.
This is apartment 3H. the contract was drawn on October 28, 2008 and reflect superior market conditions.

Not very flexible with negotiating. I went elsewhere.

I recently went to the Absolute, and was impressed. I didn't like the exterior much but once inside I fell a little bit in love. The floor to ceiling windows are gorgeous, the units spacious, nicely done fixtures and top of the line appliances. I have a friend who put in an offer for the 3BD went into several rounds of negotiations, the sponsor was indeed inflexible. Since visiting I've also learned that hardwood floors are engineered maple. Hmmmm. I'm still kinda wowed but I'm starting to smell the White Castle.
I posted some of the photos of the units we checked out: http://www.flatbushriviera.com/2010/08/15/absolutely-yes/

I went there too. Even if at first impression it seems a nice place, the quality is pretty crappy. An architect friend came over with me, and he mentioned the place will need a lot of work in a few year as construction is not solid. Mmy personal feeling is they need to come down to the $380/$400 per square feet before they can start moving sales. Inventory in the building is not moving at all, they can keep dreaming of selling at those price. They likely have no pressure to sale, but at one point they will have to sell, except if they built it just for fun...keep waiting guys...this building is way overpriced...

I am still interested in this building and I agreet with the last commentor that I would love to buy but the building is overpriced. All of the listings have come down so I guess that they must be moving to a new agent. We will see what the prices will be like when the listings go back up.

Hi all,
I am looking at this building as an investor...any thoughts on it or the neighborhood? The prices per sq ft for the 5th floor units are pretty low.

Looking to rent in this building directly from an owner. Any ideas?
Andrea