The Real Deal New York

Developer Toll Brothers has slashed prices at its Northside Piers condo project in Williamsburg by as much as 37 percent, and more price cuts could be on the way if the reduced prices bring in more buyers. Units at One Northside Piers have been on sale since January 2007, and about one-third of the units are still empty. David Von Spreckelsen, a senior vice president at Toll Brothers’ New York City division, said the developer wanted to put the units in a “price range that made sense to people” and clear out the inventory of One Northside Piers to spur sales at Two Northside Piers, which began in October 2008.