Monday, April 26, 2010

Price for Novogratz-designed penthouse keeps falling; and see-through balcony arrives

Back in February, we wondered what those thingamajigs things were above the garage at 238 E. Fourth St., the fancy new six-level home...



Well! Now we all know... they hold up the see-through balcony...





Meanwhile, the magazine-ready two-floor (plus deck!) penthouse that Bob and Cortney Novogratz designed here will now cost you less... the PH was listed by Corcoran in March at $3.75 million... Last Thursday, the PH was reduced by $200,000 ... Here's the pricing history via Streeteasy:

03/10/2010 Listed by Corcoran at $3,750,000.
04/08/2010 Price decreased by 9 percent to $3,400,000.
04/21/2010 Price decreased by 6 percent to $3,195,000.

So the price has fallen 15 percent in less than two months... Perhaps that Novogratz name had prompted some inflated pricing at the outset... Naaaah.

4 comments:

Bowery Boogie said...

a see through balcony...that's just asking for trouble.

eveats said...

I must admit that that balcony is pretty badass! Let's just hope that the buyer (female) has a fondness for skirts & not underwear...

Anonymous said...

I loathe the new building. It doesn't fit in the with neighborhood, it's ripe for repeated tagging (all that wood on the ground floor), the tiny security camera, which a local crackhead (really) installed may or may not work, and next door neighbors have been complaining about the new building and its owners. Novogratz and clan, go somewhere else, please!

Anonymous said...

hideous!