Monday, August 23, 2010

Would you pay $54 million for this East 11th Street tenement building?

Back in February, I made mention of this 20-unit building on East 11th Street on the market for $6.7 million...



According to the listing, "Tenants are quiet, respectful of the property, orderly, and pay timely."

Anyway, I looked at the property again the other day on Streeteasy .... and whoa! Look at the price now!



$54 million! Yes, just a decimal point too far on the Streeteasy listing. The price is actually $5.4 million now, per the realtor.

Previously on EV Grieve:
Buy this 11th Street apartment building, where the residents "quiet, respectful of the property, orderly, and pay timely"

1 comment:

Goggla said...

A year from now, $54M might sound cheap!