Posted by Leonard Steinberg on March 20th, 2012

Is the ‘affordable’ market being ignored Downtown?  It appears so. I have heard that over 600 people have already pre-registered to buy at the Brodsky developed Condop building across from the exquisite Seminary at 422 West 20th Street….and while the pricing is extremely attractive, just a bit over $ 1,100/sf, are buyers turning a blind eye to the $ 2+/sf monthlies (with only a part time doorman), the railroadish low-end layouts with 8ft wide bedrooms, mediocre ceiling heights and small living spaces……or are buyers so desperate to buy at this price-point (and so deprived)that none of this matters?  While seemingly all developers focus on large expensive apartments these days, one has to wonder whether 422 West 20th Street will encourage developers to re-think the ‘affordable market’?

After this weekend’s marathon open house hot-cakes buying bonanza we shall see…..