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Gramercy East

Started by Zen_Daddy
almost 16 years ago
Posts: 2
Member since: Apr 2010
Discussion about Gramercy East at 301 East 22nd Street in Gramercy Park
One bedrooms seem priced relatively low in this high-rise building. Certainly a little out of the way, but all things considered seeing a doorman building with real one bedrooms going for the low 400s seems odd. Financial issues? Land-lease? What gives?
Response by rb345
over 12 years ago
Posts: 1273
Member since: Jun 2009

ZenD:

1. the building is anomalously priced
2. everything comparable sells for way more

3. part of the pricing seems the result of brokers who price
cheap to start bidding wars or rely too much on pre-boom comps

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