In Dumbo, 5 Percent Price Cuts at The Beacon
While they may already be flipping units at the J Condo, the neighboring Beacon Tower in Dumbo is still trying to move its sponsor units and having to resort to price cuts in the process. Just yesterday a couple of reductions showed up on Natefind (screen capture on the jump). The two-bedroom pads were cut…
While they may already be flipping units at the J Condo, the neighboring Beacon Tower in Dumbo is still trying to move its sponsor units and having to resort to price cuts in the process. Just yesterday a couple of reductions showed up on Natefind (screen capture on the jump). The two-bedroom pads were cut from $995,000 to $950,000 and from $960,000 to $920,000 respectively. Given that both apartments are 1,165 square feet, those asking prices are still feeling high to us. How’re sales at the Beacon doing in general?
Beacon 2BR for $950,000 [Corcoran] GMAP
Beacon 2BR for $920,000 [Corcoran]
Why is it that all these people just can’t get Brooklyn right? Even ABC botched it with that stupid store.
glad you have no idea what you’re talking about.
The housing stock went up like 500% in just a couple of years. There are empty apartments aplenty, and thats why folks are renting (because they can’t sell).
Tons of the apartments in the finsihed buildings are empty. Someone even opened a DAY CARE in one of the ground level apartments at the nexus.
These folks are clearly desparate, and there is only going to be more glut of apartments when the rest of apartments are finished. hell, 70 washington still can’t sell their stuff (after YEARS).
Not to mention, the Beacon is one UGLY freakin’ building.
First of all if you want to live in the D you know there is no room to get in thats why the rental at Nova is coming. Only a few units left in each of the 4 bldngs (price chop or not). There aren’t too many options people its a small hood and will be unbuildable after the historic zoning gets locked and at that point if you got $ anywhere in D you are chill. 85 interiors are better than J and 70, and J exterior is better than the others but then again thats my opinion and we all know why we all have opinions right?…..cause they’re free…
The posts from 12:30 and 12:43 were from the developer.
Fact: construction was WAY behind and had big troubles along the way
Fact: sales have dragged, there are still unsold units and those prices have dropped
Fact: it is badly designed as there are few windows facing the WATER but plenty facing the BQE, and there is a Zen garden under the bridge
Fact: there is great unhapiness with other Boymelgreen buildings all over the place
So anyone claiming that this building is ‘nicer than all the other condos in dumbo’ or that they would put their money at the Beacon is full of it. ANyone looking to buy in Dumbo looked at the J, Beacon, and 70 Wasihngton. The buyers have spoken.
I agree… I live at Beacon now, and I love it. The developers stink, but the finished product inside is as nice, if not nicer then all the other condos in dumbo. don’t judge a book by its cover.
OK, so, i have been to the open houses at beacon, and it’s way better from the inside, then from the outside. it feels loftlike, and nice… shocker. Boymelgreen may be bad people, but if I had the money, i’d put it at the beacon before that monstrosity of a J condo.
who wants to live directly next to the loudest bridge in the city anyway??
blah blah blah – everybody sucks – renters are stupid, buyers are stupid, water drinkers are stupid, oxygen breathers are stupid, everyone is going to lose all their money b/c they are stupid, and am i right and everyone else is wrong.
Wow, that’s way under $1,000 psf for a luxury building. Sounds cheap to me.
Oh, wait a minute, it’s in a shitty neighborhood in Brooklyn.
Never mind.