Sale at 153 Franklin Street

sweet place--nutty price

7 large seems about right---depending on the urgency of the sale
might need to sit for a bit to command more than 7

Somebody didn't get the memo that $15 million for townhouses without elevators is so yesterday.

So they paid $7m, put in what, $2m or so in renovations? And then tack on another $6m for profit?

I think they will be lucky to get their unrenovated price.

StreetEasy History

10/11/2007
Previously Listed in StreetEasy by Corcoran at $6,995,000.
02/07/2008
Corcoran Listing sold.
02/07/2008
Previous Sale recorded for $6,790,000.
10/06/2009
Listed in StreetEasy by Prudential Elliman at $14,995,000.

Time for a price chop. I'm moving my over/under to $6mm.

Anytime they list a gut reno for rental you know they're strapped for cash since renting it out will negatively impact value. They'll be lucky to get $25-30K / month rent.

http://streeteasy.com/nyc/rental/621643-townhouse-153-franklin-street-tribeca-new-york

Time for a price chop...and the rental is still available so you know they're hurting on cash flow...

$1mm price chop. Try $5-6mm chop to start getting nibbles. And it still hasn't rented. Carrying costs are not helping the situation. Very pretty house though.

wow $14m and no formal dinning area... hmmm.

nice to have a garage though.

I wonder how much and when this place will sell for once potential buyers find out Strauss-Kahn rented the place out at 50K/month for a couple months.

lol yeh i was wondering would the increase/decrease or have no effect on the price?

based on the news reports this morning apparently it's been a rental for a while, when you look at it on Google maps looks like someone picked up a dump and is happy to wait for the market to meet their overpriced selling point

http://maps.google.com/maps?hl=en&q=153+franklin+street+nyc&ie=UTF8&hq=&hnear=153+Franklin+St,+New+York,+10013&gl=us&ll=40.719193,-74.007747&spn=0,0.019205&z=16&layer=c&cbll=40.719201,-74.007885&panoid=zsVC5Mk0qAr1CJ9TwrKpyA&cbp=12,190.08,,0,-15.59

btw is it just me or is no one going to pay $14m for a house without a formal dining room?

http://www.nydailynews.com/news/ny_crime/2011/05/26/2011-05-26_dominique_strauss_kahn_new_digs.html