This "hot property" is vacant. The prices are wrong for the market and will need to be lowered dratically
The only logic is the owners logic. He feels they are worth the money.
I on the other hand feel that he is crazy to be asking the amount he is with virtually ZERO amenities, no live in Super (yet) and no indoor parking.
If you want a space, it's an extra 50g or $150 a month to rent. But this is an outdoor lot with minimal gate protection. Great...I'm going to keep my $53k car outside? I don't think so.
Not to mention the much too high Maintenance fees that start from $400 and only go up and add $150+ a month for real estate taxes. Really? Really?
Oh, and only 1 person is living in the building right now AND there is still construction going on.
As you noticed, some prices have already dropped close to $100k.
They need to go down way more.
There has been such a high level of interest in these condos that the developers believe they can sell for the higher prices based on the demand for these units. Only time will tell. If you are interested in viewing the PierPointe condos, they will be conducting open houses there this weekend.
Feel free to contact me for more information, my office has the exclusive listing on the project.
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783