More Price Cuts at 80 Met
We last noticed price cuts at Williamsburg’s 80 Metropolitan back in May. Now StreetEasy is showing that eleven units out of the 19 left recently underwent price cuts. How low do they go? A three-bedroom unit priced originally at $1,945,000 and then $1,850,000 just dropped to $1,700,000. A studio got two price cuts before most…
We last noticed price cuts at Williamsburg’s 80 Metropolitan back in May. Now StreetEasy is showing that eleven units out of the 19 left recently underwent price cuts. How low do they go? A three-bedroom unit priced originally at $1,945,000 and then $1,850,000 just dropped to $1,700,000. A studio got two price cuts before most recently settling in at $449,000.
I agree with Babs, this is a generally very nice building (the whole Dutch Mustard business aside). Also agree with DH – other than a supermarket, most things in Williamsburg are convenient and accessible, and Manhattan is right there. Then again, I don’t rely on the L train for my daily commute.
>That information should be disclosed then
It is disclosed in the offering plan, which specifies exactly how the sqaure footage is calculated. Once you have an accepted offer you get a copy for your attorney’s review. If there is anything you don’t like you can back out.
I actually like this building a lot (although I deplore the destruction of the Old Dutch Mustard factory). It’s very well-done for new construction (except the horrible PTAC units). Really good soundproofing between the units – built by Steiner Studios and uses some movie soundproofing techniques. Also has a pool and full-time doorman, as well as parking spots available for purchase.
I can’t disagree that these units aren’t overpriced, but I have to agree with DH. The L isn’t nearly as bad as its made out to be, and with the M running the V line, life in the Burg is pretty sweet.
i guess we’ll agree to disagree NYGuy – i realize there’s about a million reasons why people don’t like the burg, but IMO the L train shouldn’t be one of them. it takes me about a half hour (including my 10 minute walk to the subway) to get anywhere in manhattan i would need to go (all of manhattan, south of 42nd). most neighborhoods do not have options that are any faster (unless you live in brooklyn heights or ft greene, near the atlantic terminal)
“disagree – anything i can’t get within a 5 block square radius of my apartment is a 10 minute walk from any of the Manhattan L train stops. i would be much more weary of having to rely on the F or R trains.”
The F and R trains actually pass though more shopping ares in Brooklyn and Manhattan. Unless you work and go out only to places near 14th st. you’re always having to take more than one train to get anywhere. And because the L train runs perpendicular to all the train lines it connects to transferring is a bitch, especially Union Sq.
Real estate in New York! Caveat emptor and all that.
Wow, Maly.
That information should be disclosed then.
In commercial real estate it is or technically should be.
A potential buyer/tenant is given the rentable, usable footage of space and the loss factor.
In an honest world, full disclosure should be the norm.
C’est la vie.
I would go as far as saying it is the norm for any new condo building marketed in the last 3-4 years, and I do agree with you both, it is deceptive.
“it is very common in recent developments to apportion common space in the square footage (which is why you have so may 750sf 1 BR apartments that barely clock at 550sf of usable interior space. ”
it’s the norm to include certain common areas when calculating footage for commercial spaces, but I have never seen it done in residential.
And if this is in recent developments, it truly is a sad statement. It’s almost a mockery to potential buyers. As if someone is trying to pull the wool of their eyes.