L Haus tacks on more buyer incentives: Three months after announcing buyer incentives, the Long Island City
condo L Haus just started offering 90 percent financing in addition to its rent-to-own and price protection incentives to
potential buyers. L Haus is also offering brokers 2.5 percent
commission on first deals, 4 percent commission on second deals and 5
percent on third deals. The Park Slope condo at 500 Fourth Avenue is
also offering a broker promotion. If three deals are done from one
brokerage office, the condo will raise the co-broke fee to 4 percent
from 3.5 percent. TRD [more]

Several new residential buildings are rising south of Park Slope, from
9th to 20th streets, between Fourth Avenue and Prospect Park. While
construction is ongoing in the area despite the downturn, the new
buildings have had to adapt to the economic climate by lowering prices,
offering incentives and, in some cases, going rental. At 500 Fourth
Avenue, at 12th Street, prices were adjusted by $100 to $150 a square foot
last year, and the developer is offering 10 percent off asking prices
for buyers who purchase a unit before the end of July. About 15 percent
of the 156 units have sold. At the six-unit condo at 245 16th Street,
none of the homes have sold since sales started in January. And at the
planned condo 639 Fourth Avenue, at 19th Street, the 44-unit building
is 75 percent occupied with renters. [more]