FiDi Prices Drop the Most in Q1

don't want to catch a falling knife.

http://www.streeteasy.com/nyc/sale/375012-condo-1-wall-street-court-financial-district-new-york

At least one apartment in that building is also being marketed on the principle of "buyers are morons who can't read floorplans." IT. IS. A. TWO. BEDROOM. Period. Convertible to 3. Not even yet converted and this broker has the chutzpah to call it a 3-bedroom.

ev - yes...broker chutzpah is charming. When we saw 176 Broadway, there is a 1BA studio (seriously) in that building that is being marketed as a 2BR 2BA:

http://downtowny.blogspot.com/2009/04/176-broadway-8e-699000-1225-sq-ft.html

Anywho, we saw the 2BR being marketed as a 2BR in the Cocoa Exchange (price has decreased by 50k since we saw it) - also by Ronnie, who is knowledgeable but a little too slickster for us:

http://downtowny.blogspot.com/2009/04/1-wall-street-court-1309-899000-949-sq.html

-DT

Hey DT, just wanted to say I really enjoy reading your blog. Informative and funny at the same time.

Any chance you can do bigger apts? I understand you are looking for yourself but maybe, just for fun, you could take a look at some 3BRs? I would really like reading your perspective on them.

Thanks

Ugh. Downtownster, I saw your blog posting about 176 Bway and just cringed. Why do sellers put up with brokers who engage in these shenanigans? Are they totally unaware of what is going on? I honestly don't get it.

Thanks divvie! We occasionally branch out to more expensive apartments (particularly if we're curious about a certain development) as we did last weekend when we saw the $1M+ disasters over at 78 Leonard:

http://curbed.com/archives/2009/05/04/tribeca_open_house_gets_wet.php

We just started a "reader submission program" - in other words "you send us your own reviews" :) given our $0 budget (but lots of heart!), so hopefully that will help to expand our coverage:

http://downtowny.blogspot.com/2009/05/downtowny-wants-you.html

If you've seen any interesting developments, drop us a line - we'll definitely pop over there if we get a chance!

-DT

http://downtowny.blogspot.com

I love in the article where the owner of a 370 square foot room for sale takes it off the market because, after getting offers in the low $400Ks, he is said to be tired of getting "lowball offers". So I guess $1000+ per square for your dark room with no view is insulting. Enjoy the $1800 rent you MIGHT be able to collect on that room, Mr. Insulted.

evnyc, I just looked at that floorpan and there's clearly a third, self-contained room that's not marked as a "bedroom" but could be. Not sure WHY. YOU. ARE. FREAKING OUT.

"Why do sellers put up with brokers who engage in these shenanigans? Are they totally unaware of what is going on? I honestly don't get it."

Because they are greedy and went with the broker who told them to price it the highest?