I don't understand this at all. Who in their right mind would flip proprties in this kind of market?

Yeah I posted about this apt on the "RE that defies all thinking" thread;

"Ok here's a beauty, 246 west 17th who's lower floors un tax abated are a nightmare in costs is ready to flip for a quick profit. ;)

You have 1B which has $3318 per month in costs sold;
06/09/2009 #1B $998,000 -22.9% $1,295,000 ↓ Sold 1 bed 1.5 baths 1,208 ft²

StreetEasy History
02/14/2008Listed in StreetEasy, already in contract, by Core Group Marketing at $1,450,000.
08/07/2008Re-listed by Core Group Marketing.
01/23/2009Price decreased by 11% to $1,295,000.
04/02/2009Listing entered contract.
06/09/2009Listing sold.

http://www.streeteasy.com/nyc/sale/182289-condo-246-west-17th-street-chelsea-new-york

Has grown 100 sq feet (my those green shoots sprout fast)but prefers discretion and has no apt# listed;

http://www.streeteasy.com/nyc/sale/465526-condo-246-west-17th-street-chelsea-new-york

StreetEasy History
09/23/2009Listed in StreetEasy by Prudential Elliman at $1,395,000.

Good to see capitalism alive and well."

This looks a bit cramped for allegedly being 1300 square feet. I'm wondering why they're not providing a floor plan.

Sorry I missed your post. It is really strange.

Maly
Well it wasn't posted to as thread leading to the apt so it is easily missed.

NYCMatt
Core does do nice floor plans
http://img.streeteasy.com/nyc/image/52/3578052.gif

i saw that back in the day. ain't no 1300 square feet, might need even be 1100.