I am curious about this: what is wrong with this place? It's been on the market for 525 days, 234 people on Streeteasy have saved the listing, it’s pretty big for a one-bedroom, but it hasn’t sold yet. Is the price too high? Maintenance too high? Some other reason?

It's a land-lease building: http://streeteasy.com/nyc/talk/discussion/19021-building-at-54-east-8th-street

The closest comp is the mirror-image #4N downstairs. That sold for $520K. This one is asking $25K less, but that's not enough of a reduction once you look at redoing the kitchen and floors.

Ah. So I guess the seller is not willing to budge. Or is the land-lease thing simply too much of a problem no matter what the price?