Sale at 136 West 17th Street #PHB

But how, exactly, does this relate to Chicago?

Talk amongst yourselves.....

Hey, cool price increase! 250% in just TWO years! And a steal at just $2,651 per ft².

They will be very disappointed to learn that they are likely to get about $750,000 for it.

delusional.

Or... maybe an increase of 142%?

But math is more fun when done incorrectly.

I think the "architectural drawings for an 8-person hot tub" are worth at least a couple of million, don't you?

It actually looks pretty nice. I won't be shocked it they can get the 2006 price, or even a bit above. Obviously the $3.5MMM is a joke.

I'll start the bidding war at $3.6.

wow what a huge new jump down
at least the profit they expect is finally below 100 percent
03/23/2006 Previous Sale recorded for $1,445,000.
04/08/2009 Price decreased by 2% to $2,750,000.

If you go to ACRIS, it looks like he is in for about $2.2mm in mortgages on this place, after several cash-out refi's and 2nds.

Not to sound cruel, but someone should bail out the twit who can't manage his finances appropriately by overpaying for this apartment...why?

The classic dilemma of the broker/owner. To his credit, he wasn't just serving up the kool aid, he was drinking it, too.
Tina
(Brooklyn broker)

i actually met that guy at one of his completely empty open houses. he seemed nice.

I think the streeteasy data must be wrong...another apt in the building (2A), which just closed, originally list for $1,400,000..the penthouse originally listed for $1,445,000. the penthouse is twice as large and has huge outdoor space, just doesn't make sense....

Cpalms, what are you talking about? 2A has MORE sq. feet than PHB

2A sold today for maybe $1.4mm, while PHB sold for $1.4mm in 2006!!!

PHB should go for $1.6mm today

My bad, I was looking at the wrong one....
2A closed in march 2009 for $1,515,000 and originally closed for $1,400,000 in 2006
PHB originally closed for $1,445,000 in 2006, so their ask of 2.75 (they started at 3.495 LOL!) is yes, ridiculous.....