feeling more pain at #2J

I hit #2J at 808 Broadway in August when it came back to market after a ten week period of "in contract" (oh dear / 808 Broadway #2J is back) at its old price of $1.125mm. Four weeks later it dropped to $1.1mm and has now dropped to $999k.

Too late to change The Market's impression of value, perhaps, but six figures is a healthy cut off a barely seven figure price. And there would be seem to be enough value there to attract a six figure buyer, or two.

As I said on August 24:

It has "1,100 sq ft" and a "zen-like 200 sq ft private outdoor space" (I get 364 sq ft from the 26 x 14 dimensions given). As configured, it has only one bedroom and only one bath. (They say it "easily transform[s]" to two bedrooms, but I ain't buying that.)

The long history may be hurting this one.

no pain at the top, or down the hall

There were two units that had not yet closed in the building when I wrote that post; they have since closed. PH-C (asking $1.895mm for "1,400 sq ft" and "500 sq ft" terrace) closed for $1.987mm two weeks ago. #2F (asking $725k for "800 sq ft") closed for $685k three weeks ago.

Open House Sunday Oct 21 12 - 1:30 PM

© Sandy Mattingly 2007

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