Price Cuts at The Elan
The Elan, the 32-unit development at 255 1st Street at 4th Avenue in Park Slope, has had a tough slog since debuting last May. With only five units in contract according to StreetEasy, it’s no great surprise that there was a round of price cuts at the end of last week: Most units were reduced…
The Elan, the 32-unit development at 255 1st Street at 4th Avenue in Park Slope, has had a tough slog since debuting last May. With only five units in contract according to StreetEasy, it’s no great surprise that there was a round of price cuts at the end of last week: Most units were reduced by between 5 and 10 percent. Maybe they would have had more luck if they’d stuck with the original (mis)name of The Gowanus. Currently Corco, Warren Lewis and A.D. Shaye have the listings. GMAP
Well Elan (255 1st St) is not on 4th ave, it is on 1st St., which happens to be a good block.
Elan is zoned for P.S. 321 which is very good. And all the good features of Park Slope are a few blocks away.
Now that the asking prices are low ($660,000) for a 2 bedroom 1055 sq. ft are very good given the quality of construction and the building’s features (I have been to Novo and Crest and their contruction and style don’t come close to Elan). If enough potential buyers get together, the issue of getting a mortgage would no longer be an issue. This is the time to buy in Park Slope since the prices are so low.
For the Cocorean group everything is prime. They could try to sell rotten chop meat for lucious prime rib. Everyone pretty much doesn’t believe a word of what Cocorean says anymore. Their signs keep popping up left and right in the neighborhoods because Cocorean tells the dillusional homesellers what they want to hear. That is that their homes are worth millions and that the prices are only going up. The problem is Cocorean and alot of other pump and pump some more real estate agents are having a very difficult time trying to lower prices for sellers when not so many months ago they overpriced the homes to the same people who are trying to sell now. I smell fraud and legal suits all over.
For listings, just click on that StreetEasy hyperlink.
I always wanted to live on a highway.
Chicken, peck at the Streeteasy link above.
How about a link to those listings?
Name has no bearing. At least it’s on the “right” side of 4th. No sales, huh? Sales started in May ’08, huh? Financing must be tough for the prices they want. Renters should view the units now for possible summer offerings.
***Bid half off peak comps***
This place is hugely over priced even at 07 prices. Interestingly the Heritage, a block over on 2nd St looked pretty much sold out when i walked by last week. All the front apartments had people in there so at the right pricing points new condos are selling in this area. Anyone know how the Crest and NOV sales are going ?
Cut the price by 30-40% or rent the units , it’s that simple.