Sq Doubled since last listing without reno!!!
Started by 300_mercer
over 9 years ago
Posts: 10583
Member since: Feb 2007
Discussion about 224 West 22nd Street
So those architectural plans are worth the $4MM more than the current flippers paid for it? They also describe an excavated basement, but other articles suggest that too is fantasy.
No harm in trying as approved plans increase the actual square footage without spending $500-$700 per sq ft for the increase in the square footage (not talking reno which may be a bit cheaper).
Does the cost of construction come with the purchase? Or does the buyer have to shell out on top of just buying the land with a plan???
Wait, someone bought it last December at 8.8m. Now they're just trying to get 9m.
Buyer has to shell out.
CCL3,
It's hard to tell but I'm not sure that last transaction was an actual arms length sale and not between related parties.