chasing the market down: our favorite price choppers

i really wish i had a comp for this one.

http://streeteasy.com/nyc/sale/416559-condo-30-east-85th-street-upper-east-side-new-york
05/31/2008Previously Listed by Prudential Elliman at $1,200,000.
12/02/2008Prudential Elliman Listing is no longer available. Last priced at $1,150,000.
05/30/2009Listed by Corcoran at $725,000.
06/26/2009Listing is no longer available.
09/17/2009Re-listed by Corcoran.
09/17/2009Price decreased by 4% to $699,000.
12/04/2009Listing entered contract.
02/12/2010Listing sold.
02/12/2010Sale recorded for $699,000.

4 East 95th St., 3B. It will be interesting to see where this finally closes.
http://streeteasy.com/nyc/sale/410725-coop-4-east-95th-street-carnegie-hill-new-york
10/05/2007 Previous Sale recorded for $2,545,000.
05/04/2009 Listed by Halstead Property at $2,250,000.
10/05/2009 Delisted temporarily.
01/26/2010 Re-listed by Halstead Property.
01/26/2010 Price decreased by 11% to $2,000,000.
02/13/2010 Listing entered contract.

1 West 72nd Street (Dakota) #54. I don't know where this one is going, but it seems to be getting there quickly.
12/15/2009 Listed by Prudential Elliman at $7,500,000.
01/28/2010 Price decreased by 17% to $6,250,000.
02/06/2010 Price decreased by 4% to $5,999,000.
02/24/2010 Price decreased by 8% to $5,499,000.
http://streeteasy.com/nyc/sale/484325-coop-1-west-72nd-street-upper-west-side-new-york

320 Central Park West (Ardsley) #3I: Two bedrooms, two baths, two agency changes and two years of denial.
01/10/2008 Listed by Halstead Property at $2,300,000.
03/11/2008 Price decreased by 4% to $2,200,000.
03/19/2008 Temporarily off the market.
04/04/2008 Re-listed by Halstead Property.
04/23/2008 Price decreased by 18% to $1,800,000.
05/23/2008 Price increased by 17% to $2,100,000.
07/01/2008 Permanently off the market.
07/22/2008 Listed by Gilberte Sherman Realty at $1,695,000.
01/05/2009 Price decreased by 9% to $1,545,000.
08/26/2009 Permanently off the market.
09/11/2009 Listed by Corcoran at $1,495,000.
03/01/2010 Price decreased by 7% to $1,395,000.
http://streeteasy.com/nyc/sale/165616-coop-320-central-park-west-upper-west-side-new-york

20 West 77th Street #4-A: Museum-facing seven that might finally be finding its level.
10/08/2008 Listed by Warburg at $3,850,000.
11/07/2008 Price decreased by 3% to $3,750,000.
02/17/2009 Price decreased by 15% to $3,200,000.
03/10/2009 Price decreased by 8% to $2,950,000.
06/17/2009 Price decreased by 2% to $2,895,000.
01/07/2010 Price decreased by 5% to $2,750,000.
03/01/2010 Price decreased by 9% to $2,495,000.
http://streeteasy.com/nyc/sale/356054-coop-20-west-77th-street-upper-west-side-new-york

20 W 77 is strange. They tried a 'best and final' last year if I recall correctly. Now the price seems rather reasonable (in terms of current mkt today... 3/2/10) for location and size. Plenty of UWS classic 7's have traded hands in the $2.1 - 2.4mm range in the past three months. Perhaps the north facing 4th floor is the drawback here. Either way, I'm a bit surprised it has gotten this far.

Jill and Bobby Zarin don't seem to be serious about unloading their #30C at http://streeteasy.com/nyc/sale/434024-condo-401-east-60th-street-lenox-hill-new-york

There they sit at $2,795,000, while their neighbor upstairs at #32C just sold for $2,450,000: http://streeteasy.com/nyc/sale/405368-condo-401-east-60th-street-lenox-hill-new-york

This also belongs in the "Help! My neighbor is undercutting my price" thread.

25 East 83rd Street #11D: closed 45% below original ask.
05/23/2007 Listed by Bellmarc at $1,500,000.
09/17/2007 Price decreased by 7% to $1,400,000.
10/17/2007 Price decreased by 4% to $1,350,000.
11/19/2007 Price decreased by 16% to $1,129,000.
12/19/2007 Delisted.
05/13/2008 Listed by Bellmarc at $1,129,000.
09/30/2008 Price decreased by 4% to $1,079,000.
02/05/2009 Price decreased by 7% to $999,000.
04/22/2009 Price decreased by 5% to $949,000.
08/22/2009 Price decreased by 10% to $850,000.
10/13/2009 Listing entered contract.
03/01/2010 Sale recorded for $825,000.
http://streeteasy.com/nyc/sale/234548-coop-25-east-83rd-street-upper-east-side-new-york

This is an interesting one w81. The initial ask was over 2x what #10D sold for (admittedly in an estate sale) two years earlier, so it was never selling anywhere near that level. Somewhat amazing that it took the owner six months to come up with a price that at least passed the red face test. I also wonder what possessed the seller to list in mid-May (twice). Just in time to miss the "spring selling season" and hit the summer slowdown, no?

Given the real estate malpractice in evidence here (initial listing price, sluggish adjustment of said price, serial Memorial Day listings), perhaps the most amazing thing of all is that the broker actually held on to the listing throughout.

These sellers need to get off the pot and stop with the silly little cuts: http://streeteasy.com/nyc/sale/450471-condo-382-central-park-west-upper-west-side-new-york

05/09/2007 Previous Sale recorded for $840,000.
09/01/2009 Listed by ASG Real Estate at $875,000.
10/02/2009 Price decreased by 2% to $860,000.
11/11/2009 Price decreased by 1% to $849,000.
01/08/2010 Price decreased by 1% to $840,000.
02/24/2010 Price decreased by 0% to $839,000.
03/18/2010 Price decreased by 1% to $834,000.

1056 Fifth Avenue #12E: Renovated Museum Mile five; no park view.
04/19/2007 Listed by Prudential Elliman at $2,250,000.
01/08/2008 Price decreased by 4% to $2,150,000.
01/31/2008 Price decreased by 7% to $1,999,000.
05/17/2008 Price decreased by 3% to $1,949,000.
07/01/2008 Delisted temporarily.
09/04/2008 Re-listed by Prudential Elliman.
11/05/2008 Price decreased by 3% to $1,895,000.
11/29/2008 Price decreased by 8% to $1,750,000.
03/17/2009 Price decreased by 3% to $1,695,000.
04/03/2009 Listing is no longer available.
04/15/2009 Re-listed by Prudential Elliman.
05/01/2009 Price decreased by 6% to $1,595,000.
08/01/2009 Listing is no longer available.
10/09/2009 Re-listed by Prudential Elliman.
11/20/2009 Listing entered contract.
03/04/2010 Sale recorded for $1,430,000.
http://streeteasy.com/nyc/sale/85910-coop-1056-fifth-avenue-carnegie-hill-new-york

#12E seems to have gotten a healthy dose of reality from the neighbors four floors up.
06/30/2009 Listed by Warburg at $1,550,000.
08/18/2009 Listing entered contract.
08/20/2009 Listing sold.
03/09/2010 Sale recorded for $1,410,000.

106 Central Park South (Trump Parc) #3A: Closed 36.6% below original ask, after 21 months and an agency change.
06/16/2008 Listed by Brown Harris Stevens at $8,600,000.
12/04/2008 Price decreased by 10% to $7,750,000.
04/18/2009 Price decreased by 18% to $6,375,000.
09/10/2009 Listed by Prudential Elliman at $5,995,000.
09/11/2009 Price increased by 0% to $5,999,500.
11/02/2009 Brown Harris Stevens Listing is no longer available. Last priced at $6,375,000.
12/04/2009 Listing entered contract.
03/17/2010 Sale recorded for $5,450,000.
http://streeteasy.com/nyc/sale/460611-condo-106-central-park-south-central-park-south-new-york

is it really a chop if the ask was ridiculous? i guess if I was a seller, id put out an insane price and hope that someone counters me where I was hoping to get done.

863 Park Avenue #12E: A first-generation Lehman-era price-chopper finally crosses the finish line.
10/08/2008 Listed by Prudential Elliman at $3,000,000.
11/04/2008 Price decreased by 17% to $2,500,000.
12/11/2008 Price decreased by 10% to $2,250,000.
01/08/2009 Price decreased by 18% to $1,850,000.
01/28/2009 Listing entered contract.
03/16/2009 Re-listed by Prudential Elliman.
05/15/2009 Listing entered contract.
11/16/2009 Re-listed by Prudential Elliman.
11/16/2009 Price increased by 2% to $1,895,000.
12/14/2009 Listing entered contract.
03/02/2010 Sale recorded for $1,850,000.
http://streeteasy.com/nyc/sale/356198-coop-863-park-avenue-upper-east-side-new-york
Maybe the buyers will post their solution to the floorplan problems we discussed nine pages ago.
http://streeteasy.com/nyc/talk/discussion/5465-chasing-the-market-down-our-favorite-price-choppers?page=3

317 West 77th Street: After an odyssey that lasted more than five years and apparently included the rejection of at least one much higher bid (see Azil's post on page 3 above), this 6,768 ft² townhouse wound up where Vandenberg priced it 2004, 41.5% below the 2008 relisting.
11/11/2004 Listed by Vandenberg at $3,850,000.
03/23/2005 Listing is no longer available.
11/07/2005 Listed by Brown Harris Stevens at $5,695,000.
11/14/2005 Price decreased by 4% to $5,495,000.
05/26/2006 Price decreased by 5% to $5,200,000.
01/15/2007 Listing is no longer available.
07/10/2008 Listed by Vandenberg at $6,500,000.
09/19/2008 Price decreased by 8% to $6,000,000.
12/15/2008 Price decreased by 4% to $5,750,000.
02/25/2009 Price decreased by 22% to $4,500,000.
05/08/2009 Price decreased by 6% to $4,250,000.
09/19/2009 Listing is no longer available.
10/22/2009 Re-listed by Vandenberg.
01/15/2010 Listing entered contract.
03/11/2010 Sale recorded for $3,800,000.
http://streeteasy.com/nyc/sale/318576-multi-317-west-77th-street-upper-west-side-new-york

955 Lexington Avenue #11B: Pre-war classic six with shocking maintenance of $4386/month. Returning to market in February with a higher price - after a second failed contract - may have reflected a misreading of an improved market that still punishes condition problems and high monthlies.
05/04/2008 Listed by Prudential Elliman at $1,850,000.
05/30/2008 Price decreased by 8% to $1,695,000.
10/17/2008 Listing entered contract.
11/26/2008 Re-listed by Prudential Elliman.
11/26/2008 Price decreased by 12% to $1,495,000.
02/19/2009 Listing is no longer available.
03/13/2009 Price decreased by 13% to $1,299,000.
09/16/2009 Price decreased by 4% to $1,250,000.
12/09/2009 Listing entered contract.
02/06/2010 Re-listed by Prudential Elliman.
02/06/2010 Price increased by 4% to $1,299,000.
03/26/2010 Price decreased by 8% to $1,199,000.
http://streeteasy.com/nyc/sale/229511-coop-955-lexington-avenue-lenox-hill-new-york
Price per share for a classic six in this building peaked in 2007, when #9C (210 shares) sold for $1.75MM, or $8333/share. #11B (230 shares) now asks $5213/share. #9C had been hyper-renovated into a trophy Edwardian five, but no coop wants to explain a 37.4% drop.

625 Park Avenue #1B: Renovated "second floor" two-bedroom in a prime Carpenter coop that came to market at the worst possible time.
10/15/2008 Listed by Brown Harris Stevens at $2,975,000.
01/11/2009 Price decreased by 23% to $2,300,000.
04/07/2009 Price decreased by 17% to $1,900,000.
01/07/2010 Listing entered contract.
03/19/2010 Sale recorded for $1,600,000.
http://streeteasy.com/nyc/sale/357757-coop-625-park-avenue-lenox-hill-new-york

22 West 120th Street: Daringly renovated 18-foot Mount Morris Park brownstone, plagued by terrible timing.
10/31/2008 Listed by Prudential Elliman at $3,400,000.
11/01/2008 Listing is no longer available.
11/09/2008 Re-listed by Prudential Elliman.
12/04/2008 Price decreased by 12% to $2,999,000.
02/19/2009 Listing is no longer available.
03/27/2009 Price decreased by 8% to $2,749,000.
07/30/2009 Price decreased by 11% to $2,450,000.
09/10/2009 Price decreased by 18% to $2,000,000.
10/15/2009 Listed by Halstead Property at $2,375,000.
10/20/2009 Price decreased by 12% to $2,100,000.
12/02/2009 Price decreased by 10% to $1,900,000.
03/10/2010 Listing entered contract.
03/31/2010 Sale recorded for $1,650,000
http://streeteasy.com/nyc/sale/361434-townhouse-22-west-120th-street-central-harlem-new-york
http://streeteasy.com/nyc/sale/471448-multi-22-west-120th-street-central-harlem-new-york

"...plagued by terrible timing" You're in quite a charitable mood this morning, w81. Plagued by terrible pricing strategy is more like it. Anything that sells for less than 50% of a post-Lehman initial ask was per se mispriced to begin with. If there is terrible timing here, it is in waiting until last summer to get quasi-serious about price.

SLS: It wasn't plagued by terrible timing: it was plagued by hope.

both a chopper and a comp. the first is 3C, the second is 2C.

http://streeteasy.com/nyc/sale/492015-condo-80-leonard-street-tribeca-new-york
01/27/2010Listed by Brown Harris Stevens at $2,425,000.
02/11/2010Listing is no longer available.
03/26/2010Listing entered contract.
03/31/2010Sale recorded for $1,300,000.
04/02/2010Listing sold.

http://streeteasy.com/nyc/sale/441232-condo-80-leonard-street-tribeca-new-york
07/31/2009Listed by Brown Harris Stevens at $2,525,000.
09/11/2009Listing entered contract.
10/22/2009Sale recorded for $1,800,000.
12/03/2009Listing sold.

Ar - that 3C sale is pretty stunning. In fact, this building overall is about the bext example of developer capitulation I've seen yet - and this is not selling out the tags ends of inventory, they're only 20% closed!

A couple of other comments: 3C was double listed as 3CX, with an ask of $1,795,000, so the chop to the closing price wasn't as extreme as $2.4 to $1.3 suggests. But still...

I thought that the initial listing prices (in most cases since superseded by much lower asks) here were interested, as they decline by floor rather than increase, per below. Is this characteristic of a walk-up? Is this in fact a walk-up?

12/03/2009 #2C - $2,525,000
04/02/2010 #3C - $2,425,000
09/12/2009 #4C - $2,295,000
10/02/2009 #5C - $2,195,000

sls, this development is three buildings, these two apartments were both listed as 80 leonard, but there's one on worth and another whose adddress i don't recall. 3cx may be one of the others. hard to tell, they're not making it easy. i don't know if it's a walk up, but i wouldn't think so. they look like converted commercial lofts, which would have implied freight elevators i'd think.

I looked at the offering plan. There is no 3CX, or any other apartment with the X appendage on the unit number. It's pretty clear from the building's SE page that they took down the initial asks on a bunch of units and replaced them with the X listings. Basically a variation on what someone, perhaps you, once called "doing the hyphen thing" to mask listing history.

37 West 12th #6E: Nicely renovated 3/3 in an architecturally significant GV post-war coop:
03/18/2008 Listed by Corcoran at $2,999,000.
05/07/2008 Price decreased by 8% to $2,750,000.
06/28/2008 Delisted temporarily.
09/02/2008 Re-listed by Corcoran.
09/02/2008 Price decreased by 6% to $2,595,000.
01/01/2009 Delisted temporarily.
02/09/2009 Re-listed by Corcoran.
02/09/2009 Price decreased by 12% to $2,295,000.
05/05/2009 Price decreased by 4% to $2,195,000.
06/11/2009 Listing is no longer available.
01/20/2010 Later Listed by Corcoran at $1,995,000.
04/06/2010 Sale recorded for $1,995,000.

By itself, #6E is a notable example of overvaluation and market-chasing. It's even more striking when viewed as a continuation of the cuts that started one floor down. #5E (same apartment, more opulent renovation) hit the market in November 2007 asking $4.1MM, then cut to $3.5MM and went off the market in spring 2008, just after #6E was listed. #5E is not visible on Streeteasy.
http://streeteasy.com/nyc/sale/194072-coop-37-west-12th-street-greenwich-village-new-york

812 Fifth Avenue #4B: Big, overdecorated park-view six hits a lowball bid after two years, three agencies and two failed contracts. Closed 39% below the original 2008 ask.
01/20/2008 Listed by Brown Harris Stevens at $4,950,000.
04/04/2008 Price decreased by 9% to $4,500,000.
07/08/2008 Listing entered contract.
12/07/2008 Price decreased by 11% to $3,999,000.
12/07/2008 Listing is no longer available.
01/11/2009 Listed by Sotheby's International Realty, Inc. at $3,650,000.
03/05/2009 Listing entered contract.
05/21/2009 Re-listed by Sotheby's International Realty, Inc..
05/27/2009 Price decreased by 5% to $3,450,000.
09/02/2009 Listing is no longer available.
09/04/2009 Listed by Stribling at $3,450,000.
11/13/2009 Listing entered contract.
03/31/2010 Listing sold.
03/31/2010 Sale recorded for $3,000,000.
http://streeteasy.com/nyc/sale/167945-coop-812-fifth-avenue-lenox-hill-new-york
http://streeteasy.com/nyc/sale/373841-coop-812-fifth-avenue-lenox-hill-new-york
http://streeteasy.com/nyc/sale/451743-coop-812-fifth-avenue-lenox-hill-new-york

Oops, I missed a previous listing because the apartment number was missing. See http://streeteasy.com/nyc/sale/95417-coop-812-fifth-avenue-lenox-hill-new-york

Post should read:

812 Fifth Avenue #4B: Big, overdecorated park-view six hits a lowball bid after 2.5 years, four agencies and two failed contracts. Closed 48% below the original 2007 ask.
07/17/2007 Listed by Corcoran at $5,750,000.
10/03/2007 Price decreased by 9% to $5,250,000.
01/18/2007 Listing is no longer available.
01/20/2008 Listed by Brown Harris Stevens at $4,950,000.
04/04/2008 Price decreased by 9% to $4,500,000.
07/08/2008 Listing entered contract.
12/07/2008 Price decreased by 11% to $3,999,000.
12/07/2008 Listing is no longer available.
01/11/2009 Listed by Sotheby's International Realty, Inc. at $3,650,000.
03/05/2009 Listing entered contract.
05/21/2009 Re-listed by Sotheby's International Realty, Inc..
05/27/2009 Price decreased by 5% to $3,450,000.
09/02/2009 Listing is no longer available.
09/04/2009 Listed by Stribling at $3,450,000.
11/13/2009 Listing entered contract.
03/31/2010 Listing sold.
03/31/2010 Sale recorded for $3,000,000.

Does it count if the apartment hasn't sold yet ... and may never sell? The maintenance is $5,329/mo.

303 East 57th Street #30F
http://streeteasy.com/nyc/sale/499534-coop-303-east-57th-street-sutton-place-new-york

06/27/2007 Previous Sale recorded for $(insiders only)
03/02/2010 Listed by Halstead Property at $1,450,000.
04/09/2010 Price decreased by 31% to $995,000.

and only 50% financing permitted.

Here is the previous sale for FGC's post. Wow.

06/27/2007 Previous Sale recorded for $2,100,000

FGC: I am not and will never be in the market for a unit with $5000+ maintenance, but I'm perplexed. How can maintenance be so high? Does ever unit have its own doorman?

something is wrong here. apartment is way too cheap. assume that the maintenance should be $3,000. the extra $2,300 a month is equivalent to another 500K in purchase price assuming financing at 5%.

303 E 57th is the Excelsior, a land-lease co-op. IIRC the ground rent went up recently.

Same deal with 190 E 72nd. New rent kicking in, and an ad for an apartment with $5,000-something maintenance says it's going up to $7,000-something in September.

445 West 44th Street: Four unit Clinton townhouse, closed 37.4% below original ask after an early contract fell through.
10/03/2007 Listed by Bellmarc at $3,995,000.
12/17/2007 Listing entered contract.
01/03/2008 Re-listed by Bellmarc.
01/03/2008 Price decreased by 5% to $3,795,000.
03/01/2008 Price decreased by 5% to $3,600,000.
05/16/2008 Price decreased by 6% to $3,400,000.
09/09/2008 Delisted temporarily.
10/09/2008 Re-listed by Bellmarc.
01/11/2009 Price decreased by 6% to $3,195,000.
01/16/2009 Listing is no longer available.
01/22/2009 Listed by Bellmarc at $3,195,000.
09/22/2009 Listing entered contract.
04/08/2010 Sale recorded for $2,500,000.
http://streeteasy.com/nyc/building/445-west-44-street-manhattan

425 West End Avenue #4A: Corner 2/3BR 2BA coop with unusual, round LR. Closed 42% below initial 2009 ask and 2% above 2005 basis.
06/16/2005 Previous Sale recorded for $1,250,000.
01/21/2009 Listed by Corcoran at $2,200,000.
03/11/2009 Price decreased by 11% to $1,950,000.
08/06/2009 Price decreased by 15% to $1,650,000.
10/14/2009 Price decreased by 9% to $1,495,000.
11/13/2009 Price decreased by 3% to $1,450,000.
12/03/2009 Listing is no longer available.
12/29/2009 Re-listed by Corcoran.
01/12/2010 Listing entered contract.
02/01/2010 Re-listed by Corcoran.
02/17/2010 Listing entered contract.
04/12/2010 Sale recorded for $1,275,000.
http://streeteasy.com/nyc/building/425-west-end-avenue-manhattan
In 2008, #4A was offered as a package wih the less-valuable #4B for nearly $4MM.

This one must be up above somewhere: http://streeteasy.com/nyc/sale/404979-coop-66-madison-avenue-midtown-south-new-york

05/15/2008 Previously Listed by Halstead Property at $775,000.
10/08/2008 Delisted temporarily by Halstead Property.
04/15/2009 Listed by Corcoran at $695,000.
05/19/2009 Price decreased by 2% to $679,000.
06/15/2009 Price decreased by 7% to $629,000.
07/30/2009 Price decreased by 5% to $599,000.
12/18/2009 Listing is no longer available.
01/07/2010 Re-listed by Corcoran.
01/07/2010 Price decreased by 3% to $579,000.
01/24/2010 Price decreased by 9% to $529,000.
02/10/2010 Listing entered contract.
04/21/2010 Sale recorded for $490,000.

66 Mad Ave South - I must say, I'm a bit shocked at how low that went for. Any opinions as to why? Not the best location, for sure, but still...that one leaves a question mark (to me).

790 Riverside Drive (Riviera) #10E: River-view classic eight in Washington Heights, closed 50.6% below original 2007 asking price.
07/21/2007 Listed by CBHK at $1,995,000.
08/05/2008 Price decreased by 20% to $1,595,000.
11/20/2008 Price decreased by 13% to $1,395,000.
02/22/2009 Listing is no longer available.
03/21/2009 Listed by Corcoran at $1,395,000.
07/01/2009 Price decreased by 14% to $1,200,000.
11/07/2009 Price decreased by 8% to $1,099,000.
03/03/2010 Listing entered contract.
04/29/2010 Sale recorded for $985,000.
Peak sale in the the line was #6E for $1.35MM in 2008, in better condition. The surprising thing about the price drop between the two sales is that #6E doesn't clear the six-story buildings across RSD, so it lacks #10E's most attractive feature.

1326 Madison Avenue #32: Renovated Carnegie Hill six, closed 44.3% below original 2008 ask.
01/27/2008 Listed by Corcoran at $2,200,000.
02/14/2008 Price decreased by 10% to $1,975,000.
02/23/2008 Price decreased by 9% to $1,795,000.
03/04/2008 Price increased by 2% to $1,825,000.
03/08/2008 Delisted temporarily.
09/23/2008 Re-listed by Corcoran.
09/23/2008 Price increased by 4% to $1,895,000.
02/18/2009 Price decreased by 5% to $1,795,000.
03/13/2009 Price decreased by 17% to $1,495,000.
10/03/2009 Price decreased by 13% to $1,295,000.
12/06/2009 Listing entered contract.
04/30/2010 Sale recorded for $1,225,000.
The broker is an East Side titan, and I think she sold the same apartment fourteen years ago. In hindsight, though, the pricing might have been ambitious for a property with no doorman or air conditioning.
http://streeteasy.com/nyc/sale/173480-coop-1326-madison-avenue-carnegie-hill-new-york

Flmao. Just in case ppl think the mkt is heading up. Classic 6 on Madison for $1.2mm that's takijng into consideration the 6% give back by means of free use of the seller's children to do laundry.

I wonder how many 2007 $1mm 1bdrm buyers r kicking their significant other? I mean wait 3 yrs, give up doorman and whamo! C6

Itz coming to your hood boys and girlz! The dreaded bubbble popping disease.

166 East 61st Street #19F: Big 2BR/2BA coop, closed 44.7% below short-lived pre-Lehman asking price.
09/04/2008 Listed by Warburg at $1,695,000.
09/19/2008 Listing is no longer available.
10/30/2008 Listed by Corcoran at $1,350,000.
01/12/2009 Price decreased by 11% to $1,195,000.
05/23/2009 Price decreased by 12% to $1,050,000.
12/02/2009 Listing is no longer available.
12/11/2009 Re-listed by Corcoran.
12/23/2009 Price decreased by 6% to $990,000.
02/19/2010 Listing entered contract.
05/03/2010 Listing is no longer available.
05/03/2010 Sale recorded for $937,500.
http://streeteasy.com/nyc/sale/360905-coop-166-east-61st-street-lenox-hill-new-york

re 1326 madison--overdone renovation of a small 6 in a B- bldg--no doorman--1.250 is fair at best for this space--original ask absurd--get a park or even 5th 6rm for 2 and change

This might be up above. Nine rooms in a great building, at 39% down from original asking: http://streeteasy.com/nyc/sale/347609-coop-120-east-end-avenue-yorkville-new-york

09/09/2008 Listed by Brown Harris Stevens at $6,500,000.
10/08/2008 Price decreased by 11% to $5,800,000.
03/01/2009 Price decreased by 18% to $4,750,000.
02/12/2010 Price decreased by 17% to $3,950,000.
03/15/2010 Listing entered contract.
05/04/2010 Sale recorded for $3,950,000.

I hae not seen this apartment, but the history is compelling:

467 Central Park West #8F (recently listed)
$895,000
Condo Manhattan Valley 1,150 ft² 2 beds 2 baths
Listed by Corcoran

STREETEASY HISTORY
04/24/2008
Previously Listed by Brown Harris Stevens at $1,125,000.
06/17/2008
Delisted by Brown Harris Stevens.
10/09/2008
Previously Listed by Citi-Habitats at $1,020,000.
12/31/2008
Citi-Habitats Listing is no longer available. Last priced at $999,000.
05/23/2010
Listed by Corcoran at $895,000.

this is a good candidate for the lowball thread, also

http://streeteasy.com/nyc/sale/345581-coop-240-centre-little-italy-new-york

09/02/2008Listed by Corcoran at $4,200,000.
12/04/2008Price decreased by 12% to $3,700,000.
03/19/2009Price decreased by 6% to $3,495,000.
08/01/2009Listing is no longer available.
08/02/2009Later Listed by Prudential Elliman at $2,995,000.
02/13/2010Prudential Elliman Listing is no longer available.
05/05/2010Sale recorded for $2,000,000.

327 West 76th Street: After three years and 45%, a high-end townhouse finds a buyer.
07/06/2007 Listed by Prudential Elliman at $16,000,000.
07/07/2007 Listing is no longer available.
11/10/2007 Re-listed by Prudential Elliman.
11/20/2007 Price decreased by 9% to $14,500,000.
08/12/2008 Listing is no longer available.
10/25/2008 Listed by Brown Harris Stevens at $13,500,000.
10/31/2008 Price decreased by 4% to $13,000,000.
11/20/2008 Price decreased by 12% to $11,500,000.
03/19/2009 Price decreased by 13% to $10,000,000.
11/03/2009 Listing is no longer available.
12/04/2009 Re-listed by Brown Harris Stevens.
01/04/2010 Listing is no longer available.
01/21/2010 Re-listed by Brown Harris Stevens.
03/23/2010 Listing entered contract.
05/26/2010 Sale recorded for $8,800,000.
http://streeteasy.com/nyc/building/327-west-76-street-manhattan

chopperoo!!
http://streeteasy.com/nyc/sale/348453-coop-15-east-91st-street-carnegie-hill-new-york
StreetEasy History
02/08/2008 Previously Listed by Prudential Elliman at $3,495,000.
07/30/2008 Prudential Elliman Listing is no longer available. Last priced at $3,295,000.
09/11/2008 Listed by Sotheby's International Realty, Inc. at $3,195,000.
11/03/2008 Price decreased by 9% to $2,900,000.
12/02/2008 Price decreased by 7% to $2,700,000.
06/03/2009 Listing is no longer available.
09/17/2009 Re-listed by Sotheby's International Realty, Inc..
09/17/2009 Price decreased by 7% to $2,500,000.
06/08/2010 Price decreased by 4% to $2,400,000.

An australian listing?

estate sale--paul hogan's place

Me thinkz the $4k mntly may be the issue. 30 yrs paying this sucker off and that nut still gonna be painful. An alternative way of looking at it is, I get to pay $2.4mm today to save $5k month. Flmao.

OK w67th,
How would you price out this chubby 3br.in todays market. Keep in mind that it sit's on the second floor and has the sounds of the streets to contend with. It's also just a skip from the park.

falc - link?

Falco. The question is what would you invest in to get a pretty comfortable $6k month return? I've got a stock that gyrated around 4% to 8% yield. So $1mm would Get me $6k plus $4k monthlies. So $1mm down and $4k monthlies. Seems 'ok' to me, but now what if govt bonds return 5% and by default my stock yields 12% Then id be only willing to pay $750k.

My last assumption is $10k/month to rent 3 bdrm.

Boss still 15e 91.

$500k more for being larger 3bdrm and closer to park. But that's my $ talking. So $1.5mm ish on a good day.

good call

mntnce always goes up--prices can go down

that fourskin will be a sixskin in no time

my call, given location near schools, 2nd floor and slightly high mntnce, and all else: it trades 1.850, or keeps on sittin, sore ass and all

I've seen the apartment. Great space and outward-facing exposure. Unfortunately, the low floor negates the value of the corner position, which would be great higher up. The newish kitchen is very much an expression of the owners' taste, and the other rooms need a fair amount of work.

http://streeteasy.com/nyc/sale/407051-condo-371-west-117th-street-central-harlem-new-york

03/18/2008Previously Listed by Corcoran at $895,000.
09/24/2008Delisted temporarily by Corcoran. Last priced at $875,000.
04/28/2009Listed by Corcoran at $750,000.
10/02/2009Price decreased by 7% to $700,000.
02/19/2010Listing is no longer available.
06/04/2010Sale recorded for $580,000.

6E, 2/2. 4E sold for $900k in 08/05. no idea of the condition of 4E but 6E looks like it was in very good shape with a recent reno.

http://streeteasy.com/nyc/sale/496305-coop-245-west-104th-street-manhattan-valley-new-york

09/02/2008Previously Listed by Stribling at $1,150,000.
05/29/2009Delisted temporarily by Stribling. Last priced at $899,000.
02/16/2010Listed by Stribling at $875,000.
03/17/2010Listing entered contract.
06/04/2010Listing sold.
06/04/2010Sale recorded for $865,000.

not doing so well today. the 371 w. 117th sale was supposed to go on lowballs. the 245 w. 104th sale was supposed to go on UWS comps.

there are no comps for the following sale. it's a chopper, and a bit of a lowball, but i really wanted to list it because it's a one bedroom in a doorman, elevator building with a separate kitchen, that is in decent shape, that sold for less than $400k. no board approval and "flexible financing" julia, are you reading?

http://streeteasy.com/nyc/sale/492024-coop-221-east-76th-street-upper-east-side-new-york
09/05/2007Previously Listed by NYC Living Real Estate at $549,500.
10/04/2007NYC Living Real Estate Listing is no longer available.
03/18/2008Previously Listed by NYC Living Real Estate at $549,500.
01/12/2009NYC Living Real Estate Listing is no longer available. Last priced at $499,000.
01/27/2010Listed by Halstead Property at $479,000.
03/10/2010Price decreased by 7% to $445,000.
05/10/2010Listing sold.
06/03/2010Sale recorded for $394,953.

I'm reading...is there a way we can search for no board approval places?

marco, do two searches. one, description includes sponsor. one, description includes approval.

happy hunting.

genius. thanks!!

4 story brownstone.

03/25/2010 Listed by Vandenberg at $5,395,000.
05/11/2010 Price decreased by 10% to $4,850,000.
06/28/2010 Price decreased by 9% to $4,400,000.

18.4% in three short months.

http://streeteasy.com/nyc/sale/505693-multi-338-west-84th-street-upper-west-side-new-york

Walterh: that TH is the latest in how-far-THs-which-need-work-and-have-a-sig-flaw can go down. See 311W75 & 313W75 and ?W77 (bet. RSD & westend) for examples.

171 West 71 (Dorilton) #10E: Intricately detailed 2BR wreck, closed 38% below original 2009 ask and 16.5% below final ask.
02/06/2009 Listed by Corcoran at $2,689,000.
06/02/2009 Listed by Corcoran at $2,469,000.
10/23/2009 Listing is no longer available.
10/23/2009 Listed by Brown Harris Stevens at $2,450,000.
02/10/2010 Price decreased by 19% to $1,995,000.
03/29/2010 Listing entered contract.
07/07/2010 Sale recorded for $1,665,000.
http://streeteasy.com/nyc/sale/473731-coop-171-west-71st-street-lincoln-square-new-york

West81st - But isn't that still a really scary high price for a "wreck" apartment, which, while it might have great detail is, IMHO, a bad layout - go through the dining room to get to the living room, and only 1.5 baths? It's a price chopper, but still.....

ph41: I totally agree. I think most of the listings in this thread - especially those first listed from 2009 on - reflect absurd pricing more than market movement. That's why they end up here instead of the IYCDMMWC threads.

320 Central Park West (Ardsley) #3I: Good-sized 2/2, reduced 43.7% from original 2008 ask, and stuck in a price war with #5I.
01/10/2008 Listed by Halstead Property at $2,300,000.
03/11/2008 Price decreased by 4% to $2,200,000.
03/19/2008 Listing is no longer available.
04/04/2008 Re-listed by Halstead Property.
04/23/2008 Price decreased by 18% to $1,800,000.
05/23/2008 Price increased by 17% to $2,100,000.
07/01/2008 Listing is no longer available.
07/22/2008 Listed by Gilberte Sherman Realty at $1,695,000.
01/05/2009 Price decreased by 9% to $1,545,000.
09/11/2009 Listed by Corcoran at $1,495,000.
03/02/2010 Price decreased by 7% to $1,395,000.
07/21/2010 Price decreased by 7% to $1,295,000.
http://streeteasy.com/nyc/sale/461403-coop-320-central-park-west-upper-west-side-new-york

To call the original ask "ambitious" would be generous. Even at the current price, #3I is seeking close to peak levels for similar low-floor units at the Ardsley.

88 Central Park West #2/3S: The seller didn't have to turn on the red light or send an S.O.S. to the world, but he didn't exactly have the buyer wrapped around his finger either.
08/08/2006 Listed by Prudential Elliman at $24,000,000.
05/04/2007 Listing is no longer available.
05/31/2007 Re-listed by Prudential Elliman.
10/19/2007 Listing is no longer available.
03/03/2009 Listed by Halstead Property at $19,000,000.
04/26/2010 Listing entered contract.
07/15/2010 Sale recorded for $17,750,000.
No tears from the sun for this seller. After swapping into 15 CPW, he's still an Englishman in New York.

Make that "PUT on the red light".

Anyway, a buyer finally stepped forward with the confidence to use that bedroom. Or maybe he'll just maintain it as a tantric shrine and sleep elsewhere.

313 West 75th: Twenty-foot-wide Clarence True townhouse with owner's duplex debuted at $5.25MM in 2007, dropped to $3.95MM and closed for $3.6MM, 31.4% below the original ask. Cap rate still probably wouldn't attract an investor, but the math seems OK if you live in the duplex and don't mind being a landlord.
http://www.masseyknakal.com/listings/detail.aspx?lst=17128
http://www.masseyknakal.com/listingimages/setup/pdf/634050281399697818_Setup.pdf
http://streeteasy.com/nyc/closing/1703527

Rent roll of $146,000 with almost 180-200,000 going out each month to pay the mortgage? (Let's say the $50k tax is a wash with the cost of renting the duplex.) I am not sure you really come out ahead on this one. On top of that you will have regular maintenance expenses.

AvUWS: You're right - it depends on the imputed rent for occupyingthe duplex. I think it would be better than a wash vs. the RE taxes, but I don't know how much better.

This does not belong on this thread, but, I don't know where else to post it. It is the opposite of a price chopper. Unless there's something I'm missing (combined apts?), it illustrates outrageous price inflation:

http://streeteasy.com/nyc/sale/502290-condo-50-east-72nd-street-lenox-hill-new-york

50 East 72nd Street #11C

12/22/1995 Previous Sale recorded for $168,000.
9/23/1999 Previous Sale recorded for $366,000.
5/04/2005 Previous Sale recorded for $1,450,000.
4/13/2007 Previous Sale recorded for $1,880,000.
3/12/2010 Listed by Sotheby's at $2,600,000.
4/27/2010 Price decreased by 4% to $2,495,000.
6/26/2010 Listing entered contract.

thanks guys, this is a really interesting thread... I think the biggest problem is people are trying to maximize profits and not willing to cut prices or take hits so they give the listings to brokers who tell them what they want to hear and inflate the price... once they have the exclusive they start pushing the seller to be more reasonable and start lowering his price and get a deal for much lower...

190 East 72nd Street (Tower East) #9A: As NWT mentioned above, skyrocketing maintenance has decimated values here.
02/18/2009 Listed by Warburg at $1,695,000.
05/18/2009 Price decreased by 6% to $1,595,000.
12/06/2009 Price decreased by 6% to $1,495,000.
02/27/2010 Price decreased by 13% to $1,295,000.
03/30/2010 Price decreased by 15% to $1,095,000.
05/15/2010 Listing entered contract.
08/11/2010 Sale recorded for $925,000.
http://streeteasy.com/nyc/sale/385381-coop-190-east-72nd-street-lenox-hill-new-york
Here's the maintenance history during the life of the listing:
07/08/2009 Maintenance Increase $2,759.83 to $2,994.94.
02/23/2010 Maintenance Increase $2,994.93 to $5,282.00.

Maybe there should be a separate thread for price choppers where they really never chop the price.

The complete lack of traction asking 8% below the 2005 previous sale is interesting.

http://streeteasy.com/nyc/sale/387364-condo-303-east-43rd-street-turtle-bay-new-york
10/17/2005 Previous Sale recorded for $1,150,000.
02/27/2009 Listed by Prudential Elliman at $1,150,000.
09/02/2009 Listing is no longer available.
09/10/2009 Re-listed by Prudential Elliman.
09/10/2009 Price decreased by 4% to $1,100,000.
10/06/2009 Price decreased by 5% to $1,050,000.
11/06/2009 Price increased by 14% to $1,195,000.
03/02/2010 Listing is no longer available.
03/26/2010 Re-listed by Prudential Elliman.
04/21/2010 Price decreased by 8% to $1,095,000.
05/20/2010 Price decreased by 2% to $1,075,000.
06/14/2010 Price decreased by 1% to $1,065,000.
06/16/2010 Price decreased by 0% to $1,060,000.
08/12/2010 Price decreased by 0% to $1,055,000.

$799K to $485K in 4 years on the market. 2 brokers. 2 contracts.

http://streeteasy.com/nyc/sale/492967-coop-310-east-46th-street-turtle-bay-new-york
09/09/2006 Previously Listed by Corcoran at $799,000.
10/18/2006 Corcoran Listing is no longer available.
11/26/2008 Previously Listed by Corcoran at $799,000.
12/07/2009 Corcoran Listing is no longer available. Last priced at $649,000.
01/30/2010 Listed by Bellmarc at $649,000.
03/19/2010 Listing entered contract.
04/10/2010 Re-listed by Bellmarc.
06/11/2010 Price decreased by 11% to $575,000.
07/08/2010 Price decreased by 4% to $550,000.
07/23/2010 Listing entered contract.
08/26/2010 Listing sold.
08/26/2010 Sale recorded for $485,000.

Im sure the 2nd ave subway line ain't helping

It isn't either helping or hurting in the East 40s, since the construction is only from about 99th St to 63rd Street. We're decades away from later phases of the SAS below 63rd Street.

Really?? I thought it was supposed to reach grand central station by 2016.

2016 is the (probably optimistic) date to have the 96th through 63rd Street stations open and start service on that part of the line. See the red section of the line in the map toward to lower left of this page: http://www.mta.info/capconstr/sas/
When construction started in 2007, the plan was to have phase 1 done by 2013. Three years later, I believe the completion date has slipped three years to the end of 2016. If they're saying 2016 now, I'd bet on a later date in reality.
I don't think that there is even a concept of when later phases might start.

Got ya, is it just me or would it have made more sense to start the project at 14th st working both north and south and providing some transportation earliest to areas that have none first (canal to 60th)?

1 West 67th Street #313: Unusual Des Artistes duplex 2BR/1BA, reduced nearly 48.6% since its debut in 2008.
07/02/2008 Listed by Prudential Elliman at $1,935,000.
08/24/2008 Delisted temporarily.
09/03/2008 Re-listed by Prudential Elliman.
09/17/2008 Price decreased by 8% to $1,785,000.
12/17/2008 Delisted temporarily.
01/03/2009 Listed by Corcoran at $1,745,000.
01/30/2009 Price decreased by 6% to $1,645,000.
02/10/2009 Price decreased by 10% to $1,485,000.
07/16/2009 Price decreased by 6% to $1,395,000.
10/07/2009 Price decreased by 7% to $1,295,000.
03/05/2010 Price decreased by 8% to $1,195,000.
06/23/2010 Listing is no longer available.
07/03/2010 Listed by Brown Harris Stevens at $1,065,000.
09/14/2010 Price decreased by 7% to $995,000.
http://streeteasy.com/nyc/sale/537425-coop-1-west-67th-street-lincoln-square-new-york

45 East End Avenue #11GHJ: Awkward combination that the owner/broker eventually sold in two pieces for a total price 46.4% below the original ask.
01/25/2008 Listed by Prudential Elliman at $2,950,000.
02/17/2008 Price decreased by 2% to $2,895,000.
03/14/2008 Price decreased by 2% to $2,825,000.
03/18/2008 Price decreased by 1% to $2,785,000.
04/04/2008 Price decreased by 3% to $2,710,000.
05/03/2008 Price decreased by 3% to $2,625,000.
05/29/2008 Price decreased by 3% to $2,550,000.
06/16/2008 Delisted temporarily.
06/29/2008 Re-listed by Prudential Elliman.
06/29/2008 Price decreased by 2% to $2,495,000.
08/04/2008 Price decreased by 2% to $2,449,000.
08/22/2008 Delisted temporarily.
09/10/2008 Re-listed by Prudential Elliman.
09/10/2008 Price decreased by 5% to $2,325,000.
10/30/2008 Price decreased by 3% to $2,249,000.
11/04/2008 Delisted temporarily.
11/24/2008 Re-listed by Prudential Elliman.
01/16/2009 Price decreased by 7% to $2,099,900.
04/12/2009 Listing is no longer available.
http://streeteasy.com/nyc/sale/172975-coop-45-east-end-ave-yorkville-new-york

The history resumes with two separate listings, one for #11J with a new kitchen...
05/15/2009 Listed by Prudential Elliman at $430,000.
07/30/2009 Listing is no longer available.
08/07/2009 Re-listed by Prudential Elliman.
09/24/2009 Listing entered contract.
11/30/2009 Sale recorded for $380,000.
http://streeteasy.com/nyc/sale/413476-coop-45-east-end-avenue-yorkville-new-york

...and another for #11GH:
02/24/2010 Listed by Prudential Elliman at $1,350,000.
03/19/2010 Price decreased by 1% to $1,335,000.
04/16/2010 Listing entered contract.
07/13/2010 Sale recorded for $1,200,000.

45 West 95th Street: Lavishly renovated townhouse with lap pool, closed 34% below original 2009 ask.
09/06/2002 Previous sale recorded for $2,595,000.
04/16/2009 Listed by Bellmarc at $8,750,000.
09/11/2009 Price decreased by 14% to $7,500,000.
01/07/2010 Listing is no longer available.
01/14/2010 Price decreased by 7% to $6,950,000.
02/18/2010 Listed by Vandenberg at $6,995,000.
03/29/2010 Price decreased by 7% to $6,500,000.
05/27/2010 Price decreased by 8% to $5,995,000.
09/15/2010 Sale recorded for $5,750,000
http://streeteasy.com/nyc/building/45-west-95-street-manhattan

250 W 94th, ph 4A. 23% below original ask.

Looks like they missed the spring selling season by pricing themselves out of the market. Then, as they summer waned, were compelled to hit a bid down 10.3% from their last asking price. Truth be told, given the pricing strategy (or lack thereof) its looks like they were fortunate to eclipse the $1,000/sq ft. that has become the benchmark in that building.

http://streeteasy.com/nyc/sale/516300-condo-250-west-90th-street-upper-west-side-new-york

This one may have been posted already, but I have to do it again. More than a 50% chop from ask...

http://streeteasy.com/nyc/sale/388714-coop-105-fifth-avenue-flatiron-new-york

105 5th Ave. #5C

StreetEasy History
03/19/2008 Previously Listed by Eychner Associates at $2,100,000.
02/20/2009 Delisted by Eychner Associates. Last priced at $1,550,000.
03/03/2009 Listed by Halstead Property at $1,295,000.
06/30/2009 Price decreased by 17% to $1,075,000.
08/16/2009 Listing entered contract.
10/08/2009 Listing sold.
10/08/2009 Sale recorded for $1,020,161.

http://streeteasy.com/nyc/sale/558172-coop-630-park-avenue-lenox-hill-new-york

09/28/2006 Previously Listed by Warburg at $17,000,000.
10/09/2007 Warburg Listing is no longer available. Last priced at $12,500,000.
01/13/2009 Previously Listed by Warburg at $8,500,000.
03/11/2009 Delisted temporarily by Warburg.
09/30/2010 Listed by Warburg at $6,500,000

320 Central Park West #1K: After 29 months and price cuts totalling 34%, this first-floor Ardsley 3BR is finally asking less than its 2007 basis.
05/10/2006 Previously Listed by Prudential Elliman at $1,695,000.
02/13/2007 Prudential Elliman Listing sold. Last priced at $1,495,000.
02/13/2007 Previous Sale recorded for $1,450,000.
05/13/2008 Previously Listed by Bellmarc at $2,100,000.
12/17/2008 Bellmarc Listing is no longer available. Last priced at $1,995,000.
08/27/2009 Listed by Prudential Elliman at $1,725,000.
12/19/2009 Listing is no longer available.
03/03/2010 Re-listed by Prudential Elliman.
03/03/2010 Price decreased by 13% to $1,495,000.
07/01/2010 Listing is no longer available.
10/01/2010 Re-listed by Prudential Elliman.
10/01/2010 Price decreased by 7% to $1,395,000.
http://streeteasy.com/nyc/sale/448250-coop-320-central-park-west-upper-west-side-new-york

W81, so tell me again how the market is turning around in nyc re? :)

Yep, got that email update last nite, this bounce in nyc re is already come and gone. It's gonna be a cold harsh winter for sellers and even colder for the lemmings who bought this summer.

w67, tell us how your early career making jewelry for mommy and your later career at Dean Witter Reynolds qualifies you to ask anyone a question about real estate?

w67: I got no dog in that fight.

Puppies? That's barbaric.

Cockfigting, only gentleman's animal cruelty contest IMHO.

30 East 65th Street #15A: Five room post-war coop with multiple terraces, closed 37.5% below original ask and 11.5% below final ask.
01/22/2010 Listed by Sotheby's International Realty, Inc. at $2,400,000.
01/28/2010 Price decreased by 8% to $2,200,000.
02/10/2010 Price decreased by 23% to $1,695,000.
03/12/2010 Listing entered contract.
05/06/2010 Re-listed by Sotheby's International Realty, Inc..
07/19/2010 Listing is no longer available.
07/27/2010 Re-listed by Sotheby's International Realty, Inc..
08/04/2010 Listing entered contract.
09/29/2010 Sale recorded for $1,500,000.

240 Centre St., #6N -- Price Chopper Hall of Fame?

Down 60% in 2.5 years:

STREETEASY HISTORY
03/14/2008 Listed by Prudential Elliman at $7,000,000.
04/11/2008 Price decreased by 6% to $6,595,000.
05/04/2008 Price decreased by 9% to $5,995,000.
05/17/2008 Price decreased by 4% to $5,750,000.
05/21/2008 Price decreased by 1% to $5,685,000.
06/03/2008 Price decreased by 1% to $5,600,000.
07/22/2008 Price decreased by 11% to $4,995,000.
08/27/2008 Price increased by 3% to $5,150,000.
12/21/2008 Delisted temporarily.
01/07/2009 Re-listed by Prudential Elliman.
01/07/2009 Price decreased by 3% to $4,995,000.
01/27/2009 Price increased by 0% to $5,000,000.
02/19/2009 Listing is no longer available.
08/25/2009 Price decreased by 10% to $4,500,000.
09/26/2009 Price decreased by 3% to $4,380,000.
11/25/2009 Price decreased by 9% to $3,995,000.
06/28/2010 Re-listed by Prudential Elliman.
08/24/2010 Price decreased by 10% to $3,585,000.
10/06/2010 Price decreased by 21% to $2,850,000