Sale at 2 Bleecker Street #2

Can't sell the PH at $1895,000, let's list #2 at $2600000, haha

You are right, it's even more ridiculous in this light. It makes you wonder about the thought processes of that broker: "Couldn't sell the penthouse, so I'll list the apartment directly above a busy restaurant for 50% more; that will do the trick."

and a restaurant that is currently being loudly worked on daily.

i looked here about a year ago... the ph was on the market... thought it could be interesting based on the listing. It is shit... Looks like they are using commercial property loss factors to list the size... the windows start 5 feet from the floor so the only view is straight up. The roof is private and finished but sloped. Bc of the stairs to the roof the master bed and bath get chopped. the second bath is better than the master as well. The 2nd floor has incredible windows and amazing cieleings. MC and Tax are too much to consider. And these guys are simply smoking something good to list this space at this price.

I've written a lot about this building (316 bowery).

http://streeteasy.com/nyc/talk/discussion/14383-re-that-defies-all-rational-thinking

The least of concerns is the apartments are smaller than advertised, the dimensions of the building are 40 by 42 (1680). That's a neat trick having each unit at 1860, who was the architect, David Copperfield?

Stay far away from this building.

agreed. But at the end of the day someone will take these units. The bricks are more important than the price per foot ratio. Someone will like the space, make an offer and it will sell. or become a permanent rental property. I dont understand how we have an industry that does not regulate how we measure spaces but buyers and sellers are all so hell bent on the ppf ratio. Its essentially baseless. Am i alone here?