East Harlem

WRT 306 East 105th St, 4A the prior sale was a foreclosure so what you are seeing is the amount of the debt which was foreclosed on, not a market transaction. What's interesting is that when the foreclosed owner acquired the property it was via a Bargain and Sale deed.

Thanks for the info. How do you know its from a foreclosure? Is it possible to know the price they got I. The foreclosure?

Regarding the topic, how do you foresee the market on east harlem? There are some nice 2bed condos on the 500ks... But at this point I don't k ow if if cheap or not

First I saw the broker who is someone like me who has been selling foreclosure properties for decades. Then in looked at the City records and sure enough it was a transfer from a referee to the same bank which had granted a mortgage on the place.

I don't understand the question "Is it possible to know the price they got I. The foreclosure?"

If you've been reading this forum you know I've been predicting a 35% to 50% Market correction off-peak prices for some time. I don't think it's going to be any different in this neighborhood.

My feeling is E Harlem will become less safe for the near future.

just in contract... https://streeteasy.com/building/306-east-105-street-new_york/4a

maybe it wasn´t a bad deal.

So do you predict a 35% discount in the NYC real state market. That would mean condos on East Harlem for $250k... Hard to believe even in the worst scenario.