http://streeteasy.com/nyc/talk/discussion/31401-sale-at-246-west-17th-street-1c en-us 40 Most recent comments for Sale at 246 West 17th Street #1C <p>sandy, great article. thanks.</p> http://streeteasy.com/nyc/talk/discussion/31401-sale-at-246-west-17th-street-1c?comment_id=474680 http://streeteasy.com/nyc/talk/discussion/31401-sale-at-246-west-17th-street-1c?comment_id=474680 <p>2 things, 330M: (1) sponsor got stuck by a contract signed in 2007 (at $2.15mm?) that buyer walked away from (sponsor kept 10%?), (2) then brought it back to market Jan 2009. Sponsor was willing to deal, having sold most units before Lehman bankruptcy, and buyer was willing to buy when few others were = big discount.</p> <p>Walked through this on my blog yesterday: <a href="http://www.realtown.com/sandymattingly/blog/loft-neighborhoods-chelsea/more-developers-remorse-scooped-by-curbed-over-246-west-17-street-loft-resale-89-in-3-years/">http://www.realtown.com/sandymattingly/blog/loft-neighborhoods-chelsea/more-developers-remorse-scooped-by-curbed-over-246-west-17-street-loft-resale-89-in-3-years/</a> </p> http://streeteasy.com/nyc/talk/discussion/31401-sale-at-246-west-17th-street-1c?comment_id=474662 http://streeteasy.com/nyc/talk/discussion/31401-sale-at-246-west-17th-street-1c?comment_id=474662 <p>That a nice profit for buying in 2009. $1.35mm brand new vs the current sale of $2.55mm.</p> http://streeteasy.com/nyc/talk/discussion/31401-sale-at-246-west-17th-street-1c?comment_id=474643 http://streeteasy.com/nyc/talk/discussion/31401-sale-at-246-west-17th-street-1c?comment_id=474643