02-15-2017, 11:24 AM
(12-11-2016, 08:20 PM)tomh009 Wrote:(12-11-2016, 02:10 PM)MidTowner Wrote: I fall somewhere in between you and MacBerry, who says he'd be surprised if they got $400,000. They're asking $570,000- that does seem ridiculous to me. But I've seen places in this part of the town which are in less than stellar shape go for over $400,000, and there has to be a premium for brand new construction with 21st century features. Usually, when you buy in a neighbourhood like this, you're getting something that has been adapted by potentially ten or twenty owners using various generations of technology, and I understand why some people may not be interested in that.
These are about 2000 sq ft, and apparently being built with high-end features. Certainly if you compare to a larger condo unit (even a new townhouse condo unit such as 144 Park) the price tag doesn't look so bad.
I think they are pushing the envelope $570K, but I do believe they will be able to sell these for over $500K.
As an update, 2 of the 4 units are now sold with another having a conditional offer. Looks like the price has been raised to $589,000-$599,000 as well.