Big Sales Numbers at The Iroquois
We checked in on The Iroquois at 620 10th Street last year, when high prices and slow sales left us wondering if the building was fated to become a rental. But StreetEasy is showing some big sales, with only one unit left on the market and one unit still in contract. And when we say…
We checked in on The Iroquois at 620 10th Street last year, when high prices and slow sales left us wondering if the building was fated to become a rental. But StreetEasy is showing some big sales, with only one unit left on the market and one unit still in contract. And when we say big sales, we mean it: Not a single unit sold under a million bucks. When this place first hit the market prices went as high as $2,095,000, but the highest listed sale is $1,700,000 for a 2,528 square-foot three bedroom. (The lowest sale, for a smaller three bedroom, was $1,100,000.) Well, then. So much for rentals! Bullish news for The Slope?
Checking in at The Iroquois [Brownstoner]
620 10th Street Hits the Market [Brownstoner] GMAP
Ripped out Jesus’s garden and put up a bank.
I walk by this place often. I’m glad it’s doing well. It’s a nice anchor for south end of 8th Ave.
I am surprised though. Building looks good from 50 yards out. But every time I pass closer I chuckle about the shoddy exterior detailing and workmanship. I’ve never gone inside, but I’d be surprised if that’s different. Hope they’re not skimping on the maintenance fund, because they’re going to be buying a lot of silicone and window casings.
surprisingly firm, but as manhattan goes, so does prime brooklyn. condo buyers do know how to ride the subway.
Ongoing evidence of the remarkable affluence of the top fraction of a percent of the population of the country, many of whom live in New York City. The majority of the population has been suffering from stagnant incomes for decades, but the very wealthy have been, and continue to be, making out like bandits, from income both earned and unearned, the latter of which is scarcely taxed at all (of course).
“Highest price got chopped 19%. Lowest price got chopped at least 17%”
that’s considered a chop?
“It’s the heated underground parking”
what heated underground parking? must be well hidden
“what the hell is my High School building from NJ doing in park slope!? ”
yes, and your gym teacher is the doorman 😉
I seem to remember quite a few people saying this project would never sell and that the developers would lose their shirts……that does not seem to be the case, though I’m sure some will debate it.
How can anyone deny that this isnt bullish news for PS RE – sure maybe prices will fall from here, or maybe not….but if ANYONE said in Jan 2009 that a development SOUTH of 9th St would sell north of $900 a sq ft (seems to be the ave) they’d be laughed at….
No matter what you think is the future of the economy and RE – these #s are impressive
Sorry, it’s only one unit that comes with a garage. And it hasn’t sold yet.
So not sure what’s driving the high prices.
It’s the heated underground parking, and relatively low maintenance for same. Big appeal for car owners, families.
When you consider a parking space on Union sold for $50k + $350/mo maintenance, or something similar – just for the parking space maintenance, not a whole condo.
Bullish news? You must be kidding. Real estate is dead. I receive continuously notices of reduced prices. Only idiots buy with these prices.