The block of East 12th Street between Avenues A and B may seem like an odd location for shmancy condos, but if there's one thing we've learned from the nearby A Building, it's that if you stick a pool on the roof, anything in the East Village will sell. Which could be the problem at the under-construction 525 East 12th Street. There's no pool, and hence, the five full-floor units (well, one is a kinda-sorta duplex) haven't sold after three months on the market with Corcoran. Now comes the fork in the road, and tough decisions need to be made by the developer. And if you read the headline on this post, you know which path was taken. Per StreetEasy, all five units recently had their prices raised. Nothing too drastic, just some $60-$85k increases to get a little attention. The average price was nudged just over $1,300/sqft in the process.
· 525 East 12th Street [StreetEasy]