Toll Brothers Inc the largest U.S. luxury homebuilder, is slashing prices on its Brooklyn condominiums by as much as 37 percent to spur sales after its unsold inventory spent two years on the market.
Prices at the eastern tower of the waterfront Northside Piers project in Williamsburg were reduced starting Feb. 3 for all types of apartments,
Toll is now selling two-bedrooms starting at $690,000, down 21 percent from $869,000 at the beginning of last week. Three- bedrooms now start at $860,000, down 20 percent from $1.075 million. Penthouses now cost $950,000, down $1.5 million
Units at One Northside Piers have been on sale since January 2007