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LIC's Vere Gets to 70 Percent With Some Flexibility on Prices

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When we got our invite to the upcoming grand opening party at Long Island City's Vere, the Jackson Avenue glass mountain of a condominium from architect Robert Scarano, what caught our eye was this tidbit: the building is 70 percent sold. Last we checked, about a dozen units had closed. They seemed to be doing a pretty good job of getting the $650 to $700/square foot prices they were asking for and coming off favorably price-wise compared to snazzy neighbor L Haus. But now that more units have closed, how are the sales prices looking? The answer to all that earlier chatter about whether the developer was open to negotiation seems to be yes, because StreetEasy shows recent closings at 13 to 22 percent off their last asking prices.

· Vere at 26-26 Jackson Ave. in Long Island City [StreetEasy]
· Vere coverage [Curbed]