Notable Price Cuts: Coin Collector Reduces
A: That time again. Take a look at some price cuts over the past 7 days that may be worth noting should you be in the market for the price point & neighborhood of the listings below.
Lets start with this HUGE just under 30% price cut for "Renowned coin dealer and antique collector Eric Streiner's" penthouse/terrace home on 21 East 22nd street in the Flatiron District. Just check out the views that this apartment has and the 700 sft terrace it enjoys. Plus the price reduction from $2.25M to $1.595M just screams 'motivated seller'!
21 East 22nd Street: Apt PH12F
First Came on Market: 10/31/2005 at $2,500,000
Asking Price Now: $1,595,000
Reduced From: $2,250,000
maintenance: $1,128 (Not bad considering huge terrace)
Size: 1,200 SFT + 700 SFT Terrace (not sure of interior size accuracy though)
PPSF: $1,329
Marketed By: Paula Del Nunzio of BrownHarrisStevens
100 West 72nd Street: Apt 5A
First Came on Market: 4/19/2006 at $925,000
Asking Price Now: $749,000
Reduced From: $775,000
maintenance: $1,116
Size: 900 SFT
PPSF: $832
Marketed By: Jon Capobianco of Corcoran
70 East 10th Street: Apt 2N
First Came on Market: 4/18/2006 at $1,100,000
Asking Price Now: $989,000 (now under mansion tax)
Reduced From: $1,050,000
maintenance: $810 (low for size & includes taxes)
Size: 1,000 SFT
PPSF: $989
Marketed By: Douglas Albert of Corcoran
Posted by anon
Wed Dec 6th, 2006 01:12 PM
i read somewhere that the reason for this huge price cut is that a new bldg is being constructed nearby that will eliminate this view.
Posted by Noah
Thu Dec 7th, 2006 09:59 AM
Thanks anon...great information to know. Do you recall where you might have read up on this. I can do some digging.