Wow! Looks like Schnitzer West is “proactively taking measures to establish market pricing and enhance absorption of the properties” by auctioning off 40 units at Brix on September 27. Minimum bids are about 50% off of the last list price.
A reader just sent me a link to this:
Register at http://www.auctionbrix.com/ for more info or click through:
- 536 Broadway E
- 40 units up for auction
- Minimum bids starting at $165,000 for a 523 square foot open one bedroom up to $295,000 for a 1,207 square foot townhouse.
- List of available units w/prices [pdf]
- Auction brochure [pdf]
- Press release [doc]
- Photos from my last visit