Resurrection Blues

So, you bought into the Cielo and you made this awkward combo and now that you've enjoyed your stay it's time to cash out of your little slice of heaven. Hey, you did the reno, you deserve a little 'something-something' for your troubles. 450 East 83rd Street #4K 05/24/2006 Previous Sale recorded for $615,000. 10/16/2007 Previous Sale recorded for $764,000. 12/24/2009 Listed by Prudential Elliman... [more]

So, you bought into the Cielo and you made this awkward combo and now that you've enjoyed your stay it's time to cash out of your little slice of heaven. Hey, you did the reno, you deserve a little 'something-something' for your troubles. 450 East 83rd Street #4K 05/24/2006 Previous Sale recorded for $615,000. 10/16/2007 Previous Sale recorded for $764,000. 12/24/2009 Listed by Prudential Elliman at $1,550,000. http://streeteasy.com/nyc/sale/485711-condo-450-east-83rd-street-yorkville-new-york?email=true But Wait!!! I smell resurrection! It's not the first time this occured to you. 450 East 83rd Street #4JK http://streeteasy.com/nyc/sale/394925-condo-450-east-83rd-street-yorkville-new-york 04/17/2008 Previously Listed by TDG/The Real Estate Group at $1,995,000. 07/28/2008 TDG/The Real Estate Group Listing is no longer available. Last priced at $1,895,000. 03/25/2009 Listed by Prudential Elliman at $1,700,000. 09/24/2009 Listing is no longer available. 10/08/2009 Re-listed by Prudential Elliman. 11/04/2009 Listing is no longer available. So, back in the day, before we found out that trees don't grow to the sky you plunked down $1379000 plus closing costs. Then there was that glorious renovation. Who does'nt love walls meeting windows, it's......chic! When it's all said and done it's got to cost about $1.450M...maybe $1.475M. A palace like this aught to be worth, oh I don't know..., $2M!!! Nice work if you can get it! Why am I picking on this poor little forth floor 'special ed' apartment, the one wearing the hockey helmet, you ask? I want to high light the seller optimism that still reins king in our market today. I also want to take predictions on the final sale price. Final sale = $1.15M [less]