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  1. buy low
    Penthouse Price Plummets in Brooklyn Since it went on the market in February, this three-bedroom, three-bath penthouse duplex at 383 Carlton Avenue has had three price cuts, most recently a 10-percent reduction ($225,000) sometime yesterday. New York test-drove the space this spring and found it pleasing enough. It’s certainly swanky, with all the top finishes and appliances. And with 2,328 square feet, a roof terrace, and two balconies, there’s plenty of space for entertaining. The new price tag of $1.875 million is nearly a million less than that initial asking, making the penthouse primed for the picking. “It’s a very dramatic price drop,” admits listing broker Jerry Minsky of the Corcoran Group. “The owner’s ready to sell. It’s one the nicest apartments in downtown Brooklyn.” —S. Jhoanna Robledo Related: This Is Not My Beautiful House! This Is Not My Beautiful Life! [NYM]
  2. buy low
    Home Sweet Foundry A penthouse for less than a million? In a new condo project? This $999,000 duplex atop Jackson Foundry, a “Civil War–era” conversion on Jackson Street and Manhattan Avenue in Williamsburg, got massively price-whacked yesterday (by $146,000, according to Streeteasy.com). At over 1,400 square feet, that’s less than $700 per square foot, almost unheard of in these oh-so-trendy parts — especially when you consider that it comes with intact period details that don’t always survive the modernization process, like exposed-timber columns, cast-iron staircases, and rolling fire doors. (Some ceiling heights go up to seventeen feet.) And the huge terrace is yearning for barbecue season. A call placed to someone in the know about the development reveals that “it’s a correction, rather than a reduction,” but we’ll take our discounts where we can. —S. Jhoanna Robledo