Sale at 240 Park Avenue South #3D

**Recently Reduced**Seller Paying Closing Fees***

even better, this broker who owns the apartment will only break even after she tried to make $250K
StreetEasy History
10/13/2006 Previously listed in StreetEasy by Elliman for $1,280,000
04/11/2008 Previous sale closed for $1,230,000
10/29/2008 Listed in StreetEasy by Halstead Property at $1,480,000
11/06/2008 Price decreased to $1,450,000
11/17/2008 Price decreased to $1,399,000
11/22/2008 Price decreased to $1,350,000
12/05/2008 Price decreased to $1,295,000
01/03/2009 Price decreased to $1,275,000

http://www.streeteasy.com/nyc/sale/360601-condo-240-park-avenue-south-flatiron-new-york

This developer is known for the very high end. But, he and his partners were just sued for non-repayment of a loan on another property.
240 PAS is a great development, totally new construction on Park Ave South / just north of Union Square. Very premium pricing. What is going on with 11D is smoking out the flippers in this development, and so the pricing is basically going back to the original developer's pre-construction pricing back in 2006. Definitely interesting to see how other apartments play out, and how many other owners were stretched with their purchases and need to sell soon vs. being able to ride it out.