Condos of the Day: Price Cuts at 95 Lexington Avenue
When we wrote about 105 Lexington Avenue two weeks ago, we didn’t realize that it was part of the same project as 95 Lexington Avenue next door. (Turns out that the same developer bought both buildings and filed to combine the two back in 2006.) Number 95, which is being marketed as the Lofts on…
When we wrote about 105 Lexington Avenue two weeks ago, we didn’t realize that it was part of the same project as 95 Lexington Avenue next door. (Turns out that the same developer bought both buildings and filed to combine the two back in 2006.) Number 95, which is being marketed as the Lofts on Lex by Corcoran, had already been on the market for a week at the time. Now, after being offered for just three weeks, prices on 11 of the 20 units have been cut in the range of 5 to 10 percent; the biggest and most expensive units have not been reduced. This looks like a pretty nice project overall and we bet would be selling better if it were one block further west on Lexington. We’re still surprised that finished loft space for around $500 a foot isn’t stimulating stronger buyer interest. Anyone been inside these?
95 Lexington Avenue [Corcoran] GMAP P*Shark
105 Lexington Avenue Coming to Market [Brownstoner]
“5-10 blacks away” ?? holy shit that sounds sketchy, man.
The interiors are very nice IMHO. They recycled alot of the original materials (maple floors, brick etc). The large windows facing Lex are definitely unique. I was there on a sunny day the first impression was good overall.
While I was walking the n’hood I stopped to talk to two NYPD officers who said there was still alot of crime in the area but mostly drug related.
The biggest problem I see with this area is the major lack of infrastructure. At the open house they show a map with nearby restaurants etc but most are 5-10 blacks away.
My gut feeling is this is a good long term investment if you plan to stay for awhile (>5 years)
I went to this building twice, the block is very sketchy, with a church?/commercial garage across the street, a parts store down the block and a homeless shelter next door, also Lafayette Projects two blocks away, so it will be a long while before this block gets upgraded
FWIW, I live on that block (rented for the past year, just bought an apartment nearby, but not in these units). It’s definitely on the border between neighborhoods; I roll my eyes when real estate people insist Classon to Franklin is Clinton Hill, but unless you’re that desperate for some street cred who really cares that it’s the Western edge of Bed-Stuy? It’s a quickly developing nabe, and I heart the G train.
Yes, it’s a bit of a gamble given the real estate market, but the neighborhood is definitely moving up and these seem like pretty nice units at an okay, but not great price. Now if someone would drop in some nice retail shops on Classon and a good supermarket…
And yes, sorry this post is way late but I just got around to Googling this construction.
I am thinking of buying one of the lesser priced units.. I am a little concerned that this area WONT hit and I will loose money. But there are tons of new buildings going up and the G train is running much better. These units are really nice inside, solid walls, one that is all brick, the kitchen is beautiful. There is allot of taste going into the design inside unlike all the “Mcmansions” going up in south slope that are super tacky.
9:55 here. I stand corrected. Thank you.
BTW, those words taste like chicken.
You are dead wrong 9:55. Dead wrong. You will definitely eat those words! It will be around the 3rd of Never. Definitely not the 12th!
9:51 I agree. Give it another 2-3 years.
Which should be around the 12th of Never.