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Sale at 246 West 17th Street #1B

Started by maly
over 16 years ago
Posts: 1377
Member since: Jan 2009
Discussion about 246 West 17th Street #1B
I don't understand this at all. Who in their right mind would flip proprties in this kind of market?
Response by truthskr10
over 16 years ago
Posts: 4088
Member since: Jul 2009

Yeah I posted about this apt on the "RE that defies all thinking" thread;

"Ok here's a beauty, 246 west 17th who's lower floors un tax abated are a nightmare in costs is ready to flip for a quick profit. ;)

You have 1B which has $3318 per month in costs sold;
06/09/2009 #1B $998,000 -22.9% $1,295,000 ↓ Sold 1 bed 1.5 baths 1,208 ft²

StreetEasy History
02/14/2008Listed in StreetEasy, already in contract, by Core Group Marketing at $1,450,000.
08/07/2008Re-listed by Core Group Marketing.
01/23/2009Price decreased by 11% to $1,295,000.
04/02/2009Listing entered contract.
06/09/2009Listing sold.

http://www.streeteasy.com/nyc/sale/182289-condo-246-west-17th-street-chelsea-new-york

Has grown 100 sq feet (my those green shoots sprout fast)but prefers discretion and has no apt# listed;

http://www.streeteasy.com/nyc/sale/465526-condo-246-west-17th-street-chelsea-new-york

StreetEasy History
09/23/2009Listed in StreetEasy by Prudential Elliman at $1,395,000.

Good to see capitalism alive and well."

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Response by NYCMatt
over 16 years ago
Posts: 7523
Member since: May 2009

This looks a bit cramped for allegedly being 1300 square feet. I'm wondering why they're not providing a floor plan.

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Response by maly
over 16 years ago
Posts: 1377
Member since: Jan 2009

Sorry I missed your post. It is really strange.

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Response by truthskr10
over 16 years ago
Posts: 4088
Member since: Jul 2009

Maly
Well it wasn't posted to as thread leading to the apt so it is easily missed.

NYCMatt
Core does do nice floor plans
http://img.streeteasy.com/nyc/image/52/3578052.gif

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Response by jasonkyle
over 16 years ago
Posts: 891
Member since: Sep 2008

i saw that back in the day. ain't no 1300 square feet, might need even be 1100.

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