Thursday, February 5, 2009

Toll Bros Chopping Prices At Northside Piers

Per Curbed, Toll Bros. is slashing prices at its Northside Piers project in Williamsburg. They are currently building an entire second tower to add to that development.
While the penthouses and most-expensive units at One Northside Piers were left unharmed, a large crop—over 30 units—are a bloody mess. A quick scan of StreetEasy to survey the wreckage shows reductions up to 25 percent in some cases, including this 11th-floor 3BR unit, marked down to $894,990 from an ask of over $1.2 million.
Critical thinking exercise: what do you think this means for the Toll bros. Gowanus project?

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