Sale at 513 East 5th Street #1B

High maintenance and it's an investor building - most of the building is being rented out by the owners making financing a purchase there difficult if not impossible.

Had to be all cash.

Interesting intel regarding financing. It also looks like the kind of place that would fly high in a bubble economy (a high-earning single guy treating himself to a lavish backyard) but flop in a down market (a small 1br w/ crazy-high maintenance).

Actually this is a screaming deal - financing IS available for these type of purchases, maintenance high but not outrageous, and look around - there is another comparable listing nearby for over $1m!