Sale at 155 Henry Street #1A

"And now he's drivin' down the mountain
going fast, fast, fast;
and if he blows it
this one's gonna be his last..." ("Henry" David Nelson, New Riders Of The Purple Sage").

I think the seller bought a distressed property at the bottom of the market and now stands to profit on the resale. The market will determine what the eventual sale price is, but the seller will certainly make some money. No renovation necessary - just a smart buy at a time when money was tight and everyone was scared to jump in, followed by a smart sale at a time when people are afraid 30-yr mortgages will evaporate.
Tina Fallon
Realty Collective, LLC

Tina: It took all of a week for them to knock $50K off of this apartment. Suspect some more comparable cuts are around the corner.