Apparently buyers are not willing to pay a kingly sum for the new Tuscan-style townhouses in Red Hook. Four of the newly-constructed homes at 93, 95,97 and 99 King Street hit the market last August at $1,300,000 while a fifth was priced at $750,000. None of them have sold to date, prompting two price cuts in the last three months that, Curbed noticed earlier this week, have brought the asking price on the four larger properties down to $999,000. The main living spaces with the concrete floors look kinda cool (as long as you don't place a premium on natural light) but the upstairs bedrooms aren't cutting it in the looks department for us. Plus, these houses are only 2,000 square feet, so the new asking price only brings the cost down to $500 per foot.
146 Richards Street [StreetEasy] GMAP
Red Hook Townhouse Project On the Market [Brownstoner]
"Tuscan" Townhouses Coming to Red Hook [Brownstoner]
Red Hook Townhouse Project Not Flying Off Shelf
Copyright Brown - Brownstoner