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Is there a price low enough?

Started by newbuyer99
almost 16 years ago
Posts: 1231
Member since: Jul 2008
Discussion about
http://streeteasy.com/nyc/sale/448109-coop-167-east-61st-street-lenox-hill-new-york So this is almost tempting. The maintenance is completely absurd, but that's A LOT of space in a great neighborhood, good views, pretty nice apt, etc. Taking it to the absolute extreme, if I could buy this place for $1, I would do so in a second. Now, $1.6MM, is a whole lot more than $1, but where do you draw that line. How low does the price have to go to for me (or for you) to bite? Thoughts?
Response by ph41
almost 16 years ago
Posts: 3390
Member since: Feb 2008

Land lease building - really good reason not to buy there

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Response by inonada
almost 16 years ago
Posts: 7952
Member since: Oct 2008

If I cared to live there (I don't think I do), the bear in me might pull the trigger at even $500K. But given that the highest bid is only $1 at the moment, I'll go with $10.

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