NY Post on prices going under 1000 psf

Wait till it falls to $500 psf, which is where it needs to be to equal rents.

oh i am waiting. but damn i wish they would hurry up already.

It will take time. Wait till inventory rises inexorably, as it already is.

nice green walls / shelves

We already saw a listing on E 87 for under $500 psf...

nyc, one listing is a start but it doesnt make the market.

Of course not... but it shows that talking about being able to get under $1k psf is a few months outdated.

Wheres Waldo?
Well he's right here in this post article pretending to be selling his abode for less than the high water mark!
OK, next game of Where is Waldo.

I'm not amazed by the drop in prices, i'm amazed that they actually found brokers that had some reasonable thinking and not the typical.."this is the best investment you can ever make" or "buy now while everything is on sale"....my take away was you can buy cheap now or buy later even cheaper....

I usually buy the Post. Thanks for this article. Why are the sellers selling now?

The unit they talked about AT 26east 22nd is still on the market for 3 months and they recently dropped the price again.This was the same broker that told me 1 month ago that you have to still expect to pay 1100-1200psf for prime condo in Chelsea