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When I see a property like this I have to ask the question, is it the broker or the seller that's destroying any chance of a sale?
40 Sutton Place #2EF
http://streeteasy.com/nyc/sale/430335-condo-40-sutton-pl-sutton-place-new-york
06/20/2009 Listed by Douglas Elliman at $1,449,000.
06/24/2009 Price decreased by 5% to $1,375,000.
07/04/2009 Price decreased by 6% to $1,295,000.
ouch!
07/21/2009 Price decreased by 4% to $1,249,000.
07/23/2009 Price decreased by 4% to $1,195,000.
09/18/2009 Price decreased by 6% to $1,125,000.
ouch!
10/07/2009 Price decreased by 2% to $1,099,000.
10/29/2009 Price increased by 9% to $1,200,000.
ouch!ouch!
07/28/2010 Listing is no longer available.
12/07/2010 Re-listed by Douglas Elliman.
12/07/2010 Price increased by 8% to $1,295,000.
ouch!
10/17/2011 Price decreased by 3% to $1,250,000.
05/15/2012 Price decreased by 4% to $1,195,000.
ouch!ouch!ouch!
Show of hands...whose head hurts?
i think best we hear from brooksie on this apparent death-spiral--
for whatever reason midtown east, sutton/beekman pl, and east of lexington up all the way through yorkville, are doggin hard--2nd ave subway constr is a problem as is the coming garbage facility, but i would never have guessed the extent of underperformance that has plagued this zone of the city.
What does it mean when a grown man frequently uses diminutive names for other people such as "Brooksie", "Troosh", and "my slurping troll bj", as well as terms like "doggin hard"?
Hard to say who is driving this train wreck. It's a second floor combo in a postwar building. The monthlies seem high for approx 1,000 sq ft.