Sale at 184 Franklin Street #3

That is one seriously peculiar floor plan. The bathroom is HUGE! And the bedroom looks rather cramped in that picture.

Another delusional seller, praying for a sucker of a buyer.

Good strategy with the $110,000 reduction three months ago. Making the current price appear like it is a bargain :)

And oh, look -- they forgot to include a living room!

All for a million smackers - but hey, it's Tribeca!

In general, people here tend to focus on purchase price at a given time. There are situation that a purchase price does not reflect the market. Sellers can be distressed and sell at a low price relative to the market at the specific time. Thus perhaps you should evaluate the current price rather than calculate the seller's profit ( or loss). all the references to purchase price at the height of a market are irrelevant for today's market and buy/sell price. If you like a place do current comp and decide.smart people evaluate R/E at a specific time and place. If you look for bargains go the the thrift shop at the corner.

Spoken like a broker. We just experienced an enormous real estate bubble. That bubble has burst. The market is down 20-30%. This apartment is attempting to trade at a premium to market highs, at a time when a simple search turns up 2- and even 3-bedrooms in the same neighborhood with the same square footage. Plus it has a loony layout. The notion that this apartment is "priced for this market" is absurd.