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Manhattan Loft Guy

Tagged "Transfer Taxes"

Manhattan Loft Guy

Blog by Sandy Mattingly

New York, New York

on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate

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Manhattan Loft Guy

flipper flips 225 Fifth Avenue #5P quickly, poorly

Sep. 27, 2008

Categorized in: lofts in 'other' neighborhoods

Tagged with: fifth, flip, grand madison, madison square, profit, transfer taxes

The Manhattan loft #5P at 225 Fifth Avenue sold for $965k in the first offering ... February 14, 2007. That original buyer did not wait too long to flip, selling (profitably, clearly) for $1.245mm with a deed filed May 1, 2008. That buyer immediately put

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