Resenting the renters at troubled condos

New buyers grow anxious that lessees will drag down values October 15, 2009 10:30AM By Gabby Warshawer

The Forte in Fort Greene
The Forte in Fort Greene
From the October issue: Few buyers who bought fancy condos in the last few years could have predicted that their building would end up as a poster child for the failed real estate market in the city. But at some buildings that's exactly what's happened. Satian Pengsathapon, who is 30 and works in the advertising industry, purchased a unit in the Forté tower partly because he liked that the well-known architecture firm FXFowle designed the building. And having gone to school at the nearby Pratt Institute, he was also a fan of the neighborhood, Fort Greene. "I haven't had buyer's remorse," Pengsathapon said. "If anything, I wonder why people aren't buying in this building." more

Tags: One Brooklyn Bridge Park clarett group clermont greene condo contracts condo sales eurohypo ag forte satian pengsathapon

Comments

Anonymous

The only people resenting me are the underwater owners. My landlord loves me for taking the vacant apt that she leased to me. Of course she bought her apt in the mid-90's.

Comment #1 Posted By: Anonymous 10/15/09

Leave a Comment

(optional)
(optional)

The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.