Vermeil Inching Towards The Finish Line
Slowly but surely the Vermeil condo on 7th Avenue and Sterling Place is getting closer to selling out. There have been 17 closings in the 22-unit building, and StreetEasy is only showing two units on the market: A 1,602-sf 3-bedroom ($1.1 mil) and a 1,564-sf 2-bed ($1.075 mil). The building, which was pricey from the…
Slowly but surely the Vermeil condo on 7th Avenue and Sterling Place is getting closer to selling out. There have been 17 closings in the 22-unit building, and StreetEasy is only showing two units on the market: A 1,602-sf 3-bedroom ($1.1 mil) and a 1,564-sf 2-bed ($1.075 mil). The building, which was pricey from the get-go, hit the market in early ’07 and started closing in February of last year. There have been fairly substantial discounts on some of the more recent sales, like a unit initially listed for $1,700,000 that sold for $1.15 million with two parking spots thrown in.
Checking In On The Vermeil [Brownstoner]
More Price Cuts at The Vermeil [Brownstoner] GMAP
Checking in on The Vermeil [Brownstoner]
Changing of the Guard at The Vermeil [Brownstoner]
First Closing at The Vermeil [Brownstoner]
Condo of the Day: Price Cut at The Vermeil [Brownstoner]
Update on the Vermeil [Brownstoner]
Diff’rent strokes. I have a friend who sold a gorgeous brownstone 2.5 yrs ago at the top of the market to buy in the Meir bldg. She’s been renting in SoHo ever since. I think it’s crazy but she’s still happy about her decision to move into the big glass box.
I do not work in banking, I do not have any interest in banking and I find the huge bank bonuses to be absurd.
The fact that you post this every day directed towards me just makes you look more and more like a crazy person.
Posted by: 11217 at February 9, 2010 1:05 PM in response to Last Week’s Biggest Sales
I know you don’t work in banking, but you are the biggest fan on bstoner of bailed out wall street banks and an even bigger fan of their obscene bonuses that came out of tax payers’ pockets.
you’re sliding away from the data, zippy.
stick to comps. i gave you one bldg, i’ll give you benson’s. i’ll give you park slope estates. check out $psf. stay away from vague comments like 2 br and 3br. condos are clearly priced on sq ft.
and i think everyone 5 years ago would’ve rotflmmfao at the relative trade-off proposed here: fourth w 321 equal prime landmarked park slope around seventh. personally i think the gap has shrunk but i’d say it’s foolish to say it’s gone. check th prices near 5th vs 7th, for instance. still a significant gap.
even if i think 5th is better, market prices 7th higher.
benson, you’ll have to have a chat with boymelbust or the AG’s office or the board of pse.
Pole- I assume I am one of the posters you are alluding, which is fine because I am the first one to tell you that my mental health teeters on sanity…but if you are trying to mock my prognostications, let me say that I’ll put up my B-stoner predictions with anyone (see no whole foods, Boylemgreen failure, sales success on 4th Ave, price bearishness circa 07, just to name a few)
Why Pole, because they don’t house 300 entitled low income families????
Someday, these sites are going to be subpoenaed by the Ministry of Mental Health and Hygiene such that the respective posters can be identified and committed to an appropriate institution
Nope, it’s zoned for PS. 282.
DIBS
Paragraph 1 – I never said that, and I do care but my taste isnt universal and I am not so egotistical to think my taste dictates market prices (nor in fact is there much evidence that that exterior appearance has any material effect on ultimate sale/resale costs)
Paragraph 2 – I didnt say that either – I said I believe (and I am the 1st to admit that I do not KNOW) that prices are headed lower – across all unit types
Paragraph 3 – 1. I take exception with you that Brownstones prices have held up better (lets use PS as an example) than Coops or Condos – anecdotally I have not seen that, and if you have data to support your claim, I will reevaluate 2. What developments in your mind are “crappy” and “not selling” comparatively to this especially since it took THREE YEARS to sell this development:
http://bstoner.wpengine.com/brownstoner/archives/2007/03/update_on_the_v.php
and a good portion of that time was at the height of the market….
This doesn’t qualify for 321.