Talk » Sales » Discussing 'Massive Price Increases at 124 West 23rd Street'
 

SAVE    RSS Massive Price Increases at 124 West 23rd Street

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I've pasted one of several massive price increases at The Citizen, a new condo at 124 West 23rd (6th/7th), not the nicest block. So they took an already overpriced 2BR from $1,995,000 to $2,850,000 (and there's minimal tax abatement) - an increase of $855,000. What is going on?

http://streeteasy.com/nyc/sale/674396-condo-124-west-23rd-street-chelsea-new-york

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Now that Huntersburg and Columbiacounty have apparently concluded their moronic (and I'm being kind) conversation, does anyone care to provide any intelligent observations?

there are 29 units, with 14 in contract they have achieved 50% mark where a buyer can get financing. now they want all those poor folks to buy with a mortgage who couldn't afford cash.

What's going on? Owners are making bank. Renters aren't. Business as usual.

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