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Is this a common occurence?- 310 East 53rd

Started by manhattanfox
over 17 years ago
Posts: 1275
Member since: Sep 2007
Discussion about
I saw a rental at 310 East 53 a year ago. According to streeteasy, it was purchased by a broker team and has now been unoccupied for more than 600 days. 12K - to 7K and back up to 8K. It was raised to 8K right after I saw the space. It sits empty. At what point is it bad math as an investor to hold it empty for nearly two years rather than lower the price? Is this market denial? Is there a lot of price hanging in the market that will eventually fall?
Response by manhattanfox
over 17 years ago
Posts: 1275
Member since: Sep 2007

anybody?

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