Wednesday, May 03, 2006

Dumbo Bubble Leaking? One Main Apartment Still on the Market Even with $50K Price Cut

If a nice looking website won’t do it, try DIY flyers on Dumbo lamp posts. This 1BR apartment in Dumbo, which the owners have been trying to sell directly, has been on the market now for some time, despite the $50K price cut from $899K to $849K (and the listing through brokers in the $900s). That it has been on the market now for nearly a half-year would seem to indicate that some hyper-expensive Dumbo real estate is moving slowly, even at a discounted $657 per square foot. GL does not recall previously seeing a flyer for an $850K apartment taped to a lamp post like a stoop sale sign, but he doesn't read every flyer he passes. Really nice apartment, though.


Anonymous Anonymous said...

Went to 1 Main on Sunday to the the apt. Nice apt, but no views but of a large "airshaft" type courtyard. The lobby was full of people handing out flyers for their open houses-at least six-both FSBO and brokers. What's up at One Main?

9:41 AM  

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