It doesn't look like much now behind the construction netting, but 347 Bowery likely just set a price record for the Bowery.
The three-floor penthouse at the 13-story condoplex is in contract after three days on the market, Curbed first noted. The asking price had been $17 million. (That's just an estimated monthly moetgage payment of $80,673, per Streeteasy.)
The transaction hasn't hit public records yet, so it's unclear what the buyer actually paid for the penthouse. According to Curbed, the Bowery condo record was previously held by a penthouse at 250 Bowery, which closed for
347 Bowery is rising at the former spot of the Salvation Army's East Village Residence at East Third Street.
Previously on EV Grieve:
The Salvation Army's former East Village Residence will be demolished on the Bowery
Whatever happened to that really ugly hotel planned for the Bowery?
Looks like 347 Bowery will be home to a 13-floor mixed-use residential development
The future of 347 Bowery (sorta!) revealed
Let's take a look at 347 Bowery, now and in the future
EVG, I think you need to add a few more $ to the post title. :-)
ReplyDeleteAnd a 7-Eleven! Real luxury!!!
ReplyDelete$80,673 would be the estimated mortgage payments, not the taxes and common charges.
ReplyDeleteI can't believe some moron paid this much to live on the Bowery - esp. on the site of the former Salvation Army Shelter. It's sick.
ReplyDeleteI can't wait to see what happens when the "stupidly high-end" real estate bubble bursts!
That's PER MONTH.
ReplyDeleteAnd someone thought the cute piglet on a leash was a new low...
The Bowery stigma certainly has been debunked.
ReplyDeleteIf you want to talk about "a new low", it's not a sweet little spotty pig, it's this. Sheer obscenity.
ReplyDelete...a new low in high end r.e.
ReplyDeleteLet's face it, the locations of these luxury condos doesn't matter anymore. The only thing that matters to these buyers is the comforting knowledge that everyone in the building is at least as wealthy as they are, and that some day another wealthy buyer will pay them a premium for the same privilege.
ReplyDeleteA friend I know in high end real estate told me that when these investment buyers of co-ops put their properties on the rental market they get a cold shot of reality. The market is v-e-r-y s-l-o-w for high end rentals. So their big investments sit empty for a l-o-n-g time. GOOD.
ReplyDeleteDrug dealer, some other kind of criminal, a star, or a public figure who else?
ReplyDelete