fake new listings 1199 Park Avenue 3H

Yes. They can do that Refreshing listing is fair (if annoying) play. Streeteasy has made this much easier to catch. Also a fine example of chasing the market down. The original price was crazy even at the height of the boom, and lo and behold, it didn't sell.

11/14/2007 Listed in StreetEasy by Brown Harris Stevens at $1,425,000.
12/04/2007 Price increased by 4% to $1,475,000.
03/01/2008 Price decreased by 2% to $1,450,000.
04/11/2008 Price decreased by 4% to $1,385,000.
06/14/2008 Price decreased by 4% to $1,325,000.
07/07/2008 Delisted temporarily.
08/05/2008 Re-listed by Brown Harris Stevens.
08/05/2008 Price decreased by 2% to $1,300,000.
10/02/2008 Price decreased by 8% to $1,200,000.
11/07/2008 Price decreased by 8% to $1,100,000.
04/08/2009 Price decreased by 9% to $999,000.
07/24/2009 Price decreased by 10% to $895,000.

Any chance it will sell at this price? Worth making a bid 10-15% below current ask?

Any chance it will sell at this price? Worth making a bid 10-15% below current ask?

6H sold for $999k in '05. Carnegie Hill is getting killed. This unit needs work, but has very generous room dimensions and a very reasonable maintenance for the size. Board may be uncooperative in terms of renovation schedules?

evnyc, a lesson in how not to price. rlmnyc, they seem to need to sell. who knows.

Thanks, aboutready. As most of us have said at one time or another on SE, it never hurts to make an offer.

Requires total 100% gut reno and the bedroom windows hover above a parking garage entrance. I think the issue here is that people factor in the cost of the reno (including multiple months out of service) and find better deals. That said, I think 10% down (~815-820) takes this unit if it is what you want.

The unit that is in contract was beautifully renovated, is on a higher floor, and doesn't have the parking lot problem.

Oh, by the way, 50% financing rule, which is effectively more like a 30% financing rule considering the enormous gut reno cost you'll have to fund out of cash.

Much obliged, mucuk. The parking garage/total renovation combo is a deal killer for me.