Oro Watch: Still Building, Now Selling

oro
The Oro Condominium (shown in a fresh action shot from about 15 minutes ago) sales effort is underway. The winning brokerage firm? Douglas Elliman. Ka-ching! The first wave of thirteen listings ranges from $366,000 for a 484-square-foot quasi-one-bedrooom to $995,000 for a 1,334-square-foot two-bedroom with two baths. Finishes, not surprisingly, look pretty high-end. Overall, asking prices are within spitting distance of about $750 a foot, which gives us further conviction that some of these smaller, more marginal developments like Das Haus are going to have to scale back their price expectations.
Oro: 306 Gold Street [Douglas Elliman] GMAP
ro Condos worth their weight in gold [Set Speed]
Oro Condos: Now For Sale [Myrtle Minutes]
Gold Rush! Oro Condos Hit the Market [Curbed]
There's Gold in Them There Hills! [Brownstoner]
Oro Watch: Three Stories and Counting [Brownstoner]

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Comments

$750 psf???? that's a bargain compared to Meier OPP. Besides, The GreeneHouse Condos have a penthouse duplex on the market for $2.75 mil. that's almost $2,000 per foot. So I guess the market aint all that bad, unless you are building the typical boxy crap we see around.

Posted by: Anonymous at February 16, 2007 11:29 AM

Who's writing Elliman's listing sheets--Steven Colbert? Check out this brave new word from the offering of The Oro: "Each one, two and three bedroom residence was superiorly designed by Ismael Leyva." Superiorly! That is truthily awesome.

Posted by: bob999 at February 16, 2007 11:37 AM

set speed scooped it on 2/11:

http://www.onehansonplace.com/2007/02/oro-condos-worth-their-weight-in-gold.html

Posted by: Anonymous at February 16, 2007 12:29 PM

another compelling feature of the oro condos is its' proximity to check cashing, KFC, and liquor stores on myrtle avenue. another plus is one of the premier housing projects a block away. well worth the $750 per sq ft.

Posted by: adriennuiB at February 16, 2007 9:27 PM

Also, If residents venture to cross Flatbush Ave Extension and walk through MetroTech directly across the street to get to the other side of Brooklyn by foot, they cannot. FD headquarters and PD 911 Building are across from them, guarded by PD 24/7, and you need FD or PD ID to enter the entire surrounding area.

Posted by: anony at February 17, 2007 12:22 AM

Looking at the two-bed of 1,334 sq. ft for $995k, I cannot get more than 1,100 sq. ft. from the floorplan.

Posted by: anon at February 17, 2007 10:25 AM

who is buying the condos in these somewhat marginal areas . they're far fron inexpensive and the amenities will not change for a few years. are the buyers well-off minorities or white pioneers getting in on somenting they thing will appreciate. i'd be curious to know the demographics.

Posted by: adriennui at February 18, 2007 11:32 AM

It isn't that far from stuff-- dumbo, fort greene, brooklyn heights! Obviously the neighborhood is marginal, but the location is good for transportation, manhattan, and a lot of other neighborhoods. I don't think it is so strange...

Posted by: Anonymous at February 18, 2007 7:16 PM

In fact, I would argue that the Oro is superiorly located.

Posted by: bob999 at February 18, 2007 9:17 PM

Yeah, Especially to walk right up the block to Atlantic Mall to buy your Nets gear to wear to their games at new Stadium.

Posted by: anony at February 19, 2007 11:17 PM

"are the buyers well-off minorities or white pioneer?"

scary what can come out of someone's mouth (brain)

Posted by: Anonymous at March 1, 2007 7:24 PM

http://orocondos.com/

Posted by: anon at May 9, 2007 10:03 AM

just came back from an open house, sales people don't seem to eager to sell, a bit of a joke

Posted by: sling blade at July 1, 2007 9:10 PM