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Flowerbox (high end condo) - 10% less than 2007 price

Started by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008
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Response by maly
almost 17 years ago
Posts: 1377
Member since: Jan 2009

That's actually a pretty strong price, only 10% under peak price in new development. I love that building.

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

do we know it was peak price? i didn't see the timing within the year...

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Response by maly
almost 17 years ago
Posts: 1377
Member since: Jan 2009

3rd quarter 2007, pretty much as peak as peak could be, no?

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

Yeah, that sounds right. I just didn't know when it actually sold....

Though, if it was new construction then, when did it go to contract. That could be a 2006 price for all we know.

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

I think the contract was signed in January 2007. Don't know if that was peak yet. Hard to say.

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

A little before.... but that should only be a couple percent difference I figure.

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