And lo, new construction is still selling

248 Overlook Drive, in Milbrook, built by local builder Dave Van Hoesen is pending, current asking price $4.495 million. It started a year ago at $5.495, but that was probably a dreamed-for price, and $4.5 is still quite good. Van Hoesen’s other project here, 252 Overlook hasn’t sold yet and in fact was reduced today to $4.995, down from its original price of $6.4 but assuming it does go, he’ll have made out well on this project.

I can’t say I’m a huge fan of these two designs, and I don’t like the apartment buildings looming overhead, but there you have it: some people will pay a premium to live in Milbrook.