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Fire sale??

Started by zbe
almost 17 years ago
Posts: 21
Member since: May 2009
Discussion about
http://www.streeteasy.com/nyc/sale/461293-condo-30-west-63rd-lincoln-square-new-york Can someone explain to me how 2,000 sqft apt listing for $5.6 MM is "20% below today’s market, basically a fire sale 50% below the market of six months ago"?
Response by manhattanfox
almost 17 years ago
Posts: 1275
Member since: Sep 2007

lol 50% of pie in the sky levels... not the view or building as the cache.

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Response by 30yrs_RE_20_in_REO
almost 17 years ago
Posts: 9913
Member since: Mar 2009

So 6 months ago it was over $4,000/sf?

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Response by 30yrs_RE_20_in_REO
almost 17 years ago
Posts: 9913
Member since: Mar 2009

And they are saying the market is down 37.5% in the last 6 months?

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