Sales at the Eldorado

Yes.

All it really means is that the asking price on 11D-1 was set low, either by mistake or as a tactic to attract bids. Also, that sale went to contract in January, before the Bear Stearns collapse.

Note that 300 CPW is a 50% cash building, so tight credit doesn't have a big effect there. That's the main thing that makes it "special" in terms of resiliency in a tough market.

Can't comment on the more recent contract without knowing the price. Meanwhile, 31D has been on the market for close to a year, and the price on 2E just got cut. So it's not as though apartments in the Eldorado sell themselves without regard to price.

The 15-day listing was for a 2bedroom listed at 2,750,000.

Sorry, dmf13 - I meant the selling price.

Is 31D Moby's place? He had a buyer but the board rejected him/her. He did a video walk-through to sell the apartment that's on The Real Deal.

http://ny.therealdeal.com/webcasts/76

tenemental: That's the one. Moby (a.k.a. Richard Hall) bought it in 2005 for $4.5MM.

http://www.streeteasy.com/nyc/closing/37925

I assumed the price was close to asking for it to sell so quickly.

Any reason so many for sale in the building right now? More than other a-list buildings.

Looks pretty historically consistent to me on first blush. There are about 5-10 sales per year on average in recent years it looks like. This year there have been only two so far. So it looks kind of on track to fall within that range again this year--or maybe one or two over that. What do you think looking at the sales table on the building page?

kylewest, totally agree. Sales for 2011 were barely 5% which for a building that size is nominal. The duplex PH in the tower was amazing even before it was renovated. My friend grew up there when it was a rent controlled apartment. They did buy in the conversion last I heard. I guess they did well on that flip.