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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
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.
Has grown 100 sq feet (my those green shoots sprout fast)but prefers discretion and has no apt# listed;
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.
Well it wasn't posted to as thread leading to the apt so it is easily missed.
Core does do nice floor plans
i saw that back in the day. ain't no 1300 square feet, might need even be 1100.