Uh oh, the price chops in Brooklyn are officially starting...

Check the price per sqf dude! It's outrageous for BK, including almost $1 per sqf CC/Tax.
I would consider a price chop, if it's under $700psf with 50cents per sqf on CC/tax.

1 Hanson:

14 active sales listings: $1,074 per ft² (avg)
3 active rentals listings: $43 per ft² (avg)
173 previous sales listings: $829 per ft² (avg)

So, these seem to be substantial price cuts, but possible still up from previous sales...

alot of flippers i assume. why pay $1000 psf when you can pay less in manhattan.

nyc10022,

off topic from another thread.

I think I can retire after pouring everything in on Morgan Stanley :)

I don't think it will end here, but I think it's a start...and the fact that it's 1 Hanson Place, I believe that is significant. When we started looking in Downtown Brooklyn, this place has been steadily increasing its price.

Few months ago, Forte cut its prices by 20% or something, but in the end that's just Forte and everybody went with their business as usual. This time around, it's going to be downwards pressure.

yeah, that was a good call.

I put some in financials, figuring they were being oversold. But not *too* much, given that they could be even more oversold in crazy times like this...