Forte 100% Spoken For!
Well, that was crazy quick! The unsold units at the Forte condo on Ashland, which were transferred from developer to lender this summer and then put back on the market at massively reduced prices in November, are now all either sold or in contract. Adam Pacelli, the lead Corcoran broker for the building, says that…
Well, that was crazy quick! The unsold units at the Forte condo on Ashland, which were transferred from developer to lender this summer and then put back on the market at massively reduced prices in November, are now all either sold or in contract. Adam Pacelli, the lead Corcoran broker for the building, says that six of the units available for sale have closed, 52 are in contract, and the remainder have pending contracts. Pacelli says Corcoran inherited 70 units to sell. (Streeteasy records confirm the numbers save for one condo the site says still isn’t in contract.) When the condo went back on the market, most units were priced around $500 a foot. Surprised?
Forte Reboot Priced to Sell [Brownstoner] GMAP
Forte Officially Goes Back to the Bank [Brownstoner]
Clarett, Goldman Lose Control of Forté [Brownstoner]
Are people still claiming that proximity to the projects is going to be the end of a building? That hasn’t hurt Boerum Hill. Didn’t that ugly condo building that went up on Baltic near Hoyt sell out without any trouble? And they were asking going for close to $600psf I believe. That building makes Forte look like the Taj Mahal. It’s proximity to the projects is the same as these other buildings in DoBro.
Anyway, in the end this is better for the area to have this building fully sold. As someone above mentioned, now it’ll be interesting to see what happens at Be@Schermerhorn. If they price similar to Forte they’ll probably sell those out too. There’s obviously buyers willing to buy in the downtown area but just not at the old prices.
M4L
Actually, most of the windows slide open left to right.Once you remove the child safety thing, it opens quite wide.
Gemini 10
60% of the building just sold in three months. Even in this economy, if a building is selling that quickly, I’m sure they got asking for just about all of them,
Actually they’ve relocated the majority of people in Fort Greene projects (which are the projects that are often referenced to during the Downtown BK conversation) to Staten Island.
Climylandlord:
certainly the projects AREN’T COMING to a hood near you b/c the city is trying to force the people OUT of the projects and make them move deeper into East NY or the Bronx so they can then reclaim the land and buildings and sell them off
I don’t engage in the PJ convo much here b/c am well too versed in what and who lives there( good and bad) and if I have my choice of spending my money it’s not going to be in a house near the PJ’s or in a fancy condo near the PJ’s
next!
PS am happy that Bldg sold out in record time – it’s a good thing – am so not being a frownstoner.
Hahaha. Now we’re comparing one building to another…Elan vs. Forte? Here we go with the projects again…dumb convo again frownstoners. Yet, people still live there and buy there and rent there. If you hate the projects live in the burbs. The projects are all over Brooklyn…and they’re coming to a neighborhood near you!
Look for the Be@Schermerhorn to follow suit. Similar price reductions there, although, not as deep.
Zinka – read my 12:32 post
hello I just realized I was thinking of the Toren bldg which to me is NOT in a good location at all….
geesh! – sorry people DO make mistakes
gemini, do you even know where Forte is? It is not “across the street from the projects” nor is it anywhere near the entrance ramp to the Manhattan Bridge. And if “2 blocks from subway” is your criterion, then Forte is 2 blocks from 8 different trains — Elan is 2 blocks from only the R train.