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15 CPW loss

Started by patient09
almost 17 years ago
Posts: 1571
Member since: Nov 2008
Discussion about
Response by Sizzlack
almost 17 years ago
Posts: 782
Member since: Apr 2008

Wow...

06/25/2008
Previous sale closed for $6,650,000
07/08/2008
Previously listed in StreetEasy by Corcoran for $13,000,000
01/06/2009
Corcoran listing temporarily off-market at $9,995,000
01/06/2009
Listed in StreetEasy by Zeckendorf Marketing at $6,450,000

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Response by rufus
almost 17 years ago
Posts: 1095
Member since: Jul 2008

Not surprised. It's an overrated building.

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Response by AgentRachel PRO
almost 17 years ago
Posts: 275
Member since: Nov 2008

those morons! I offered them $7.5M for one of my clients and Corcoran rejected it!

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Response by happyrenter
almost 17 years ago
Posts: 2790
Member since: Oct 2008

and that's one of the nicer apartments in the building, IMHO. fantastic terrace.

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Response by NBalzac
almost 17 years ago
Posts: 17
Member since: Sep 2007

AgentRachel: (sigh) Why am I not surprised?

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Response by stevejhx
almost 17 years ago
Posts: 12656
Member since: Feb 2008

I offered them $10 million - they wanted $12.

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Response by patient09
almost 17 years ago
Posts: 1571
Member since: Nov 2008

AR: Thank god you missed. Does that now count as "saving" your customer $1mm?

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Response by stevejhx
almost 17 years ago
Posts: 12656
Member since: Feb 2008

Maybe it's malraux's apartment. (Yeah, right!)

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Response by modern
almost 17 years ago
Posts: 887
Member since: Sep 2007

Something is messed up with the listings for that building. Zeckendorf Marketing added over 50 listings in contract, many look odd.

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Response by happyrenter
almost 17 years ago
Posts: 2790
Member since: Oct 2008

yeah, there's something fishy i agree.

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Response by nyc10023
almost 17 years ago
Posts: 7614
Member since: Nov 2008

Malraux's apt is probably 5B - 4 bedroom, park facing for around $1600/sqft.

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Response by AgentRachel PRO
almost 17 years ago
Posts: 275
Member since: Nov 2008

cause the buyers couldn't close and lost their deposits!

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Response by aboutready
almost 17 years ago
Posts: 16354
Member since: Oct 2007

AR - timing doesn't work. Those apartments were ready to close a long time ago, before the credit problems.

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Response by Jerkstore
almost 17 years ago
Posts: 474
Member since: Feb 2007

jacked. up.

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Response by alpine292
almost 17 years ago
Posts: 2771
Member since: Jun 2008

It's a loss, but still. $100k on $6.6 million is peanuts. If it were not for the fact the unit was in 15 CPW, it would not even be worth mentioning.

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Response by patient09
almost 17 years ago
Posts: 1571
Member since: Nov 2008

292:
we don't the sales price yet

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Response by happyrenter
almost 17 years ago
Posts: 2790
Member since: Oct 2008

umm, alpine, what are you talking about? a market decline is a market decline--and remember, this is only in asking price. we don't know what it closed for. let's also be clear: the decline may only be 100k, but the loss is a lot more.

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Response by alpine292
almost 17 years ago
Posts: 2771
Member since: Jun 2008

Well, if the decline is indeed only $100k, then that supports my claim that prices are not down 20%.

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

Yes, ignore the market data, because alpine found the exception.

It isn't raining either, because I didn't get wet.

Of course, I'm indoors.

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Response by modern
almost 17 years ago
Posts: 887
Member since: Sep 2007

Stop arguing what it means.

It's bad data, it is meaningless.

Look at all the others in contract, some sort of StreetEasy or Zeckendof glitch. Here is another of the 50+ that sold yet they have it as in contract.

http://www.streeteasy.com/nyc/sale/372565-condo-15-central-park-west-lincoln-square-new-york

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