Soho is booming
Started by 30yrs_RE_20_in_REO
almost 5 years ago
Posts: 9877
Member since: Mar 2009
Discussion about 31 1/2 Greene Street #4
25% off 2005 pricing plus a gut reno including central air.
Once that pent up demand comes roaring back in full, a frenzied bidding war will commence and this loft will sell at 40% above ask by the end of June. Just wait!
That’s an awfully awkward space for $3.75M. At $5M in 2005, it’d be weird. At $7.55M in 2017, it absolutely bizarre.
Turns out it was a case of mistaken identity. This is the one that was $5M in 2005 and $7.55M in 2017:
https://streeteasy.com/building/85-grand-street-new_york/4n
Are you sure about that? The 2005 one shares the 2,000sf description.
My head hurts a lot. Do I need more coffee?
85 Grand, #4, turns up this off-market listing, which is a box with windows on the long end, and an estimated value of $7mm:
https://www.realtor.com/realestateandhomes-detail/85-Grand-St-Apt-4_New-York_NY_10013_M37852-81275#photo0
31 1/2 Greene, WTF ever that is, also shows up on OLR as 85 Grand, #4. Which shows up on SE as
https://streeteasy.com/building/85-grand-street-new_york/sale/1520320
But look Ma, it ain't got windows on the long side.
ali r.
upstairs realty
Ali,
I think it's obvious this unit isn't the same as the 3,800sf 3 BR, 2.5 baths from 2017. It's not obvious to me it isn't the 2,000sf 2 BR 1 bath from 2005. But since SE is having troubles keeping the units straight I guess anything is possible.
Nada, Good find. I know it as the buyer had just gotten divorced from a senior Wall Street person I know.
Many buildings in the complex which can easily lead to confusion. I find that market price ish sales not associated with a listing always tricky.
https://streeteasy.com/complex/75-85-grand-street
The buyer on the 2005 deal was the seller in the 2017 deal, so those are the same 3,700 sq ft unit.
A tiny sleeping loft plus 'guest area' does not equal "two bedrooms".
"The buyer on the 2005 deal was the seller in the 2017 deal, so those are the same 3,700 sq ft unit."
Then that settles it - sorry, my mistake.
Sorry, I should have been more clear. As nyc_sport said, seller/buyer matched.
How it started ..
https://www.youtube.com/watch?v=5ZddIBC0Jjw
How its going ..
https://www.youtube.com/watch?v=y04-p-wfzX0