First Closings at Clermont Greene
Two months ago we learned that Clermont Greene, the 73-unit through-block development at 174 Vanderbilt Avenue in Fort Greene, had gotten its C of O; then last month came the news that the building was 25 percent sold. Now, as of July 16, we can report that the first closing has occurred. The apartment in…
Two months ago we learned that Clermont Greene, the 73-unit through-block development at 174 Vanderbilt Avenue in Fort Greene, had gotten its C of O; then last month came the news that the building was 25 percent sold. Now, as of July 16, we can report that the first closing has occurred. The apartment in question is a 1,210-square-footer that went for $772,000. Presumably there’s more to come in the near future.
174 Vanderbilt Listings [StreetEasy] GMAP
A Little Momentum for FG Developments? [Brownstoner]
Clermont Greene Gets Its C of O [Brownstoner]
Checking In On Clermont Greene [Brownstoner]
Clermont Greene Gets a Facade But Still Needs Buyers [Brownstoner]
174 Vanderbilt Revealed: Clermont Greene [Brownstoner]
174 Vanderbilt: What a Difference Two Weeks Make [Brownstoner]
Development Watch: 174 Vanderbilt Plodding Along [Brownstoner]
Meltzer/Mandl Release Deets on 174 Vanderbilt [Brownstoner]
I’m sure it’s nice, but can’t you rent 1200 square feet next door at the armory for $2500? I mean, yes, without the luxe finishes, but at the end of the day those aren’t worth 775K.
…what about that other condo in Fort Greene me an 1121[chapter]7 were going back and forth about?
***Bid half of peak comps***
“last month came the news that the building was 25 percent sold. Now, as of July 16, we can report that the first closing has occurred”
Fun with numbers! (we need an SEC for housing)
***Bid half off peak comps***
bxgrl – perhaps they wanted to push some sort of modern motif. Whatever it was came out pretty bland.
The interior of the units are pretty modern and the build/design/carpentry work looks to be solid. As I understand, the developer is pretty good with the details.
ralphus- I did see that other picture and thought how nice it looked. i wonder why they didn’t make the street side more attractive?
16 of those “sold” units are labeled as “off-market.”
I don’t know how correct it is, but Streeteasy shows that 34 units have sold and 11 are in contract for a total of 45.
so how many units are presumed to be in contract already so that a closing can proceed? can’t be the 25% referenced here. if the person is going all-cash, he should hire me to negotiate for him / her.
One down, 72 to go…