OPP Floats Some 'Limited Availability Pricing'
Following, perhaps, in the footsteps of Forte (which cut prices on a batch of condos for a limited time), the marketing forces behind On Prospect Park, Richard Meier’s flashy building in Prospect Heights, have just introduced some “limited availability pricing” on a handful of units. (Complete listings here.) The most noteworthy is this two-bedroom unit…
Following, perhaps, in the footsteps of Forte (which cut prices on a batch of condos for a limited time), the marketing forces behind On Prospect Park, Richard Meier’s flashy building in Prospect Heights, have just introduced some “limited availability pricing” on a handful of units. (Complete listings here.) The most noteworthy is this two-bedroom unit with 1,547 square feet that just hit the market asking a mere $1,003,500. This comes out to $650 a foot, far less than anything we’ve ever seen listed in the building. We also saw the “limited availability pricing” promoted on two other listings—a two-bedroom and a three-bedroom—though neither get close to the $650 a foot level. Let us know if you see other similar listings pop up. One other thing: Why is the maintenance so high in this building? No J-51? GMAP
Photo by j.morefield
Mr. Brownstoner wrote: “Why is the maintenance so high in this building?”
An architect friend of ours said he wondered what the heating costs would be there.
I like it. I’d like to hear from some people who live in the building — what is it really like, too much sunlight? etc.
I live across from the OPP courtyard. I can attest to the fact that at least some residents “do without” window coverings. Very disturbing. We try not to look, but it is hard not to look when their entire wall is glass. I’m pretty sure that their rules apply to the outside of the building. Those on the inside seem to do whatever they want, or not. Please, help them drape.
Heather- I’ll help you drape!
Heather,
Pretty sure I heard somewhere that they have strict rules on that. In fact I think you have to buy the window coverings they provide or do without (which reminds me of one of David Blaine’s old stunts)
I would sort of love to live there and put up truly tasteless draperies, like the kind with ruffled and bowed valances in a large jacquered print. Or possibly just hang some flags in the window or the tired old bedsheet.
Do you think they have house rules about that sort of thing?
car tinked window vendors should get piece of the action
Brenda- me for the shire too! I’m guessing the corner curtain maker will be rolling in dough. Or the corner telescope maker. I really do see the beauty of the space and understand why people would be attracted to it. But I think actually living there would be come with a high discomfort factor. I know that’s just my opinion, but this doesn’t feel like a place I could want to come home to.
The Beyonce` head-fake theory has not been thoroughly researched and confirmed. She really may have purchased a unit there (upgrade upgrade!) and might even be there right now as I write this. Let’s not jump the gun and pass judgement.
***Bid half off peak comps***
As usual, Lechacal is spot on. Another hugely idiotic broker (or seller) mistake is pricing the property way above what sellers are actually willing to accept – that is, what is becoming patently obvious the market will bear. I’ve seen this happen, sadly, to friends of mine. They put their place on the market for some huge sum, and then privately admit they’d settle for less, but no offers materialize since buyers are so put off by the asking price. Then, they are forced to cut price, but by then, the property begins to be stigmatized since saavy buyers smell blood and dig in heels further, expecting big cuts. More than once since the market turn, I’ve seen properties hit the market high and then cut, cut, cut and ultimately sell for less than they would have had they priced realisticially out of the gate.