Condo prices slashed at Northside

Short sales have arrived at Northside Piers, according to Curbed, as the Williamsburg development at 47 North 4th Street is seeing massive price cuts. The Toll Brothers development, which saw its last one-bedroom unit sold in June 2008 at $477,990 and come up for resale a year later at $479,000, is currently selling one-bedrooms at $399,000, a 20 percent reduction. The listing describes it as “the best value in Williamsburg,” and it’s certainly the cheapest listing in the building, but questions abound over whether the price is slashed quite enough.

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