This ain't going to help sales at On Prospect Park, the glassy Richard Meier-designed condo building overlooking Grand Army Plaza: As of this week, you can now rent a 1,241-square-foot two-bedroom in the building for just $4,000 per month, less than the mortgage payment on this 1,195-square-foot unit that's listed as being in contract for $850,000 and less than half of what it would cost you to underwrite the purchase of this 1,272-square-foot pad. So either this rental's a great deal or the sale listing is way overpriced. Or, as we suspect is the case, both.
1 Grand Army Plaza Rental [Douglas Elliman]
On Prospect Park: Is Anybody Home? [Brownstoner] GMAP
OPP Floats Some 'Limited Availability Pricing' [Brownstoner]
Apartment for Rent at Meier's OPP
Copyright Brown - Brownstoner