Condo of the Day: 10 Percent Off at One Hanson
We’ve been a big believer in One Hanson since the beginning, so we’re a little surprised that they’re having to do 10 percent price cuts, but perhaps it’s a sign of the increasing pipeline of condos that will be hitting the market over the next 12 to 18 months. After seven months, Apartment 12D, for…
We’ve been a big believer in One Hanson since the beginning, so we’re a little surprised that they’re having to do 10 percent price cuts, but perhaps it’s a sign of the increasing pipeline of condos that will be hitting the market over the next 12 to 18 months. After seven months, Apartment 12D, for example, has just beenreduced from $708,692 to $628,456. Given the ceiling height, high floor and size (934 square feet), we’ll be very surprised if it doesn’t move at this price. Does anyone know how many units in the building have sold up to now? The One Hanson website shows that there are 14 units available between the 9th and 16th floors. Have the rest sold? When are lower floors going to be released?
One Hanson, Apartment 12 D [Corcoran] GMAP
One Hanson, 12D Reduced [Natefind]
Apartment Availability [One Hanson]
Building photo by Frank Lynch
Unfortunately I suspect AY does have something to do with it. It may not be the only factor, but it’s probably a factor. And my guess is we’re only now beginning to see the AY effect (AYE?). My hope is that it will be minimal.
Seeing a similar pricing adjustment in Williamsburg condos…..just too much supply…..condos suck.
That area is justnow a nice place to live, who wants to live by a train station – it doesn’t attract the best crowd of people.
That area is justnow a nice place to live, who wants to live by a train station – it doesn’t attract the best crowd of people.
Anon at 11:04 — do you really think a buyer who has put 10% down would give up that 10% because he or she truly feels AY is *such* a negative impact? And what about the other 70 units? Or do those not count?
Can we stop with the “Blame AY” in every thread, and actually have an intelligent conversation, or will every conversation about Fort Greene/Prospect Heights/Boerum Hill/North Slope now always go the same direction? It’s getting kinda boring…
Yeah, and it’d be interesting to know why that buyer failed to close, wouldn’t it?
How can you blame AY when Boerum Heights, the development across the road is sold out (they only have 2 apartments left that just came out of contract when the buyer failed to close)? I don’t understand how BH can be sold out if AY is truly such a negative factor.
My view is that OHP just had inflated prices, which is why it didn’t sell. But that’s just me 🙂
And you’ll probably blame your brother for your plummeting property values.
I forgot to send my brother a birthday card, and I AM BLAMING IT ON BRUCE RATNER AND ATLANTIC YARDS! Endless whining; get used to it.