Changing of the Guard at The Vermeil
After months of poor sales, the developer of the Vermeil and his in-house brokers (who had originally jumped ship from Brown Harris Stevens to take on this gig) have parted ways. Stepping into the breach: Corcoran. The listing hasn’t hit the Corco website yet, but the development’s home page shows that seven of the 22…
After months of poor sales, the developer of the Vermeil and his in-house brokers (who had originally jumped ship from Brown Harris Stevens to take on this gig) have parted ways. Stepping into the breach: Corcoran. The listing hasn’t hit the Corco website yet, but the development’s home page shows that seven of the 22 units listed as sold. The priciest apartment still available is a 1,758-square-foot penthouse for $1,850,000. We’ll see if the House That Babs Built can do the trick.
First Closing at The Vermeil [Brownstoner] GMAP
Condo of the Day: Price Cut at The Vermeil [Brownstoner]
Update on the Vermeil [Brownstoner]
Oh my gosh, what’s the debate. They’re overpriced, period. That’s the one and only reason these aren’t selling.
It’s well designed and very well located. Flatbush or the plane crash are not why these units aren’t selling. They’re not selling because they cost too much for how much space you get especially in the combined living room/dining room/kitchen area which is small. I looked at the model unit when we were weighing whether to buy a larger condo or a house. We chose a house.
good website?!!
Stupid music, takes forever to load, MAXIMIZES the browser (fu, leave my browser alone,) unreadable by eyes over 50 (white on black!), unreadable dimensions on fps, etc etc etc….
I’d probably prefer the Meier building also if I was into new construction, but I believe the 3 bedrooms there are about 500K – 1 million more than these, so that’s not really a good comparison.
A brownstone on one of these North Slope blocks will run around 3 million, so also not the best comparison.
These are not for people who want to own an old house. I don’t think the buyers are the same. Some people want to live in Park Slope, but have no interest in maintaining a 100 year old house.
That said, I think if they priced these around 1.4 or so, they’d get a few more bites.
I think it comes down to the fact that $1.8 is highly unrealistic. In fact, I dont even think they are in the ballpark.
Viable alternatives at a similar price point:
1. A nice brownstone which includes some rental income.
2. The high end Meier building on Grand Army.
I think it comes down to the fact that $1.8 is highly unrealistic. In fact, I dont even think they are in the ballpark.
Viable alternatives at a similar price point:
1. A nice brownstone which includes some rental income.
2. The high end Meier building on Grand Army.
ha I rent from the “father/daughter” team someone was speaking of that own all the property on flatbush. Interesting people to say the least.
also this building is uglier than the one on the other side of sterling. The copper is pretty dumb looking.
I hear you, 11217. You’re right – the building took forever to build, there are no doubt interesting, shall we say, structural and design decisions as a result, and now the brokers who left BHS specifically to rep this thing are off the job, and Corcoran has swooped in to pick up the slack. None of this inspires confidence. And, for that reason, I can’t agree that a Manhattanite would get more bang for less buck buying in this place rather than in Manhattan. You can buy a pre-war place in Manhattan for 1.7 – maybe it won’t be as large, but then you’re pretty much assured your property value will remain stable and increase over time because Brooklyn isn’t Manhattan, and Flatbush isn’t 7th Avenue. Sure, the creep has happened and keeps happening, but Flatbush is a major traffic thoroughfare and will be indefinitely. If what you want is “luxury” – because that’s what they’re promising – then I don’t understand what’s “luxurious” about the Vermeil outside of Italian tile and SubZero appliances. And how much extra are we talking for a parking space in the garage? I’m cranky over all of this, I admit, because I’m not a fan of most of the new construction around Brooklyn in general, and this place, though cosmetically a better fit for the neighborhood, just smells like a potential money pit to me.
Welcome to the neighborhood Slopestoner. Hope you’re enjoying it thus far. Tried Olive Vine, Chiles and Chocolate and La Taq yet? All right down the block from you on 7th…
The lentil soup at Olive Vine is the best I’ve had! Great hummus too.
Not sure what your log in name is referring to, but if you ever need a smokin’ buddy, let me know…
😉
I don’t know much about metals fine or faux, but I do know that every time I read or hear “Vermeil,” I immediately think of “Shlemiel! Shlimazel! Hasenpfeffer Incorporated!”
Big ups to my favorite TV show as a kid.
Sorry to those of you for whom the name “Vermeil” may now be ruined.