Tuesday, August 14, 2012

118-120 E. Fourth St. now (slightly) less expensive to buy

Back in May, a pair of tenements at 118-120 E. Fourth St. owned/managed by Magnum Management, in partnership with Meadow Partners, hit the market for $25 million.

Today, the buildings will cost you a little less ... as the listing at Massey Knakal shows a $1.5 million price drop....


According to public records, 118 East 4th LLC bought 118 E. Fourth St. in November 2010 for $4.025 million; 120-122 East 4th, LLC bought 120-122 E. Fourth St. on the same date for $7,475 million... good for $11.5 million total.

4 comments:

Anonymous said...

It would be great for these realty speculators to lose their Donald Trump shirts on the EV. As we learned in 2008 when a market gets to hot too quickly a lot of people will get burnt. I'm not against change, all neighborhoods evolve but a real-estate rape only benefits a few developers and will leave the EV looking liking Murray Hill.

DrBOP said...

Anon @ 8:58am = Beautiful thought!

But EVG, this FINALLY brings it down to your price range.....IF you and Jeremiah and Goggla and Marty, et al, ALL chip in that is.

And FINALLY the NYC Blog Mafia could go LEGIT.....THE headquarters to END all headquarters.....

First thing is an ALL GLASS Penthouse addition so you can view your Kingdom.....from the lip of de riguer Infinity Pool.....

But, the piece de resistance would be the King's Chair Slide combining the comfort of cushioney-softness with the Weeeeeeeeeeeeee factor of unlimited power.

Now where to put the secret entrance?

EV Grieve said...

@ DrBop

I'm actually saving to buy the ConEd building. I like being a little closer to public transportation.

Goggla said...

@DrBOP - I'm relying on this week's powerball win for the down payment...