The Real Deal New York

Be@schermerhorn now 100 percent sold 

August 11, 2011 01:30PM

Downtown Brooklyn condominium building be@schermerhorn is now
100 percent sold, Curbed reported, after numerous construction delays, drama and two rounds of price cuts. German-backed Jamestown
Properties had resumed construction on the 246 unit building at 189 Schermerhorn Street in December of
 and put 34 units on the market
with prices ranging from $345,000 to $1.1 million.
Listings on show that most of the recent sales that brought
the building to its sold-out state were below their asking price, such as one apartment that closed at $355,000, 11 percent off its asking price. The
building was the city’s top seller in 2010. In May 2010, Michael
Phillips, marketing director at Jamestown Properties, told The Real
the hope was for the building to be sold out in 30 months. [Curbed]

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