Sale at 400 East 67th Street #5C

check out 7A also.

http://streeteasy.com/nyc/sale/553118-condo-400-east-67th-street-lenox-hill-new-york

Makes me wonder what's wrong with the building...

yet 7C sold for $1705,000 in October

FLMAOzzzzz. I saw that one too. $600k wipe in 6 months? Yeah nyc re is 'improving'. Oh Lordy. Feels so like 1990.

Welcome to the equitydome! Where two enters, and one is already down 30% bf the first swing.

To buy here seems like buying into an empty building. I remeber a thread that talked about a high % of apartments being purchased by the sponser inorder to achieve a 50% sold status. Just don't remember if that's true. So this building could easily end up with a high % of rentals (if ever occupied). That would be unattractive to owner occupiers. This is really is a tricky building to evaluate.