Wednesday, October 14, 2009

Sunburnt Cow building was peddled on Bid in the City

I read about Bid in the City -- eBay for real estate, as it has been said -- back when it launched this spring. After seeing some commercials for it on TV (ESPN!) this past weekend, I thought I'd check out the site...

I looked to see what had been offered in these parts. And what went on the block in June? 137 Avenue C, which, among other things, is home to stand-in-line-for brunch hotspot the Sunburnt Cow.

Original Price:$3,200,000
Starting Bid:$1,450,000
Closing Bid:$1,605,000

I have no idea how any of Bid stuff works. But, at first glimpse, this seems like a pretty good deal. It's a four-story building with six apartments and the Cow, in which patrons are dared to drink as much as possible in two hours for $20.

According to the property taxes, the building is worth $2.6 million.

No comments: