20 Pine, our second favorite troubled development (sorry, nothing is more fun to write about than the furry Beave) is apparently racing to a very exciting finish on those unsold units.
After months of rumored (and confirmed) discounts leading to the building's #3 position on a recent Real Deal article about Manhattan condos that are discounting their way to sponsor freedom, we now report that 20 Pine has closed an additional three units at phenomenal discounts to the original ask:
#1219, an 826 sq ft 1 BR listed at $1 million sold for $650k, or 35% off of the most recent ask.
#802 (also mentioned in in Curbed), a 1277 sq ft 2 BR listed at $1.46 million sold for just $999,000, or 32% off of the ask.
and #PH11, a 3BR, 1872 sq ft unit listed at $3.65 million and sold for $2.225 million or 38% off of the ask (say hi to a very distressed price range if you haven't already).
Check out all of these sales and more on Streeteasy. With around 60 active listings plus a large rumored "shadow" inventory, we doubt 20 Pine is done with those discounts but we are looking forward to the once troubled development setting a happy example for all of those other condos "stuck" between buyer and seller price points in FiDi.
Posts
6 comments:
The Collection Club opens on Wednesday, July 22. Can't wait to use the Golf Simulator and Turkish Hammam. Yay!!
Hi Anon - thanks for reading. That's pretty exciting - can you send us some pics of the areas now that they're complete?
I'll try to get some pics if the building will allow. By the way, your blog is very informative. Thanks Downtowny.
Great! Despite our mild poking of 20 Pine, we actually love that building and would be excited to see the completed amenities :)
Stumbled on these pictures from Complete Body:
http://www.completebody.com/fitness-concepts/locations/20-pine/
Awesome!
Great!!! Thanks!
Post a Comment