fun, fun, fun as motivated seller at 25 Houston finds buyer


#2C at 25 Houston Street is in contract as of Thursday after a brief but passionate marketing campaign that centered on how much fun (!!!) one could have here.

shedding $$$ proves motivation to me
First, how’s this for motivation?

Sept 13 new to market at $2.658mm
Oct 9 price drop to $2.495mm
Oct 23 price drop to $2.25mm

Nov 6 contract out
Nov 14 contract signed

exuberance, unbound!!!!!!!!
This unit is said to be “1,564 sq ft” and is set up as a 1 bedroom (with a 2 bedroom layout proposed) and has common charges and (abated?) taxes of $1,819/mo. I suspect that it had to grow into (shrink into) the marketing lead of “for this price? too good to be true!!!”, but the triple exclamation exuberance include the odd “safe, fun and so convenient” and closes with “it is so much fun in here. Must see!!!!!!”.

That is an awful lot of exuberance (not to mention exclamation).

This building was new in 2003 so (I assume) the windows are up to the task of keeping the Houston Street hustle and bustle out of this second floor corner unit (overlooking Mercer Street).

This unit was bought in May 2005 for $1.695mm and there have been only three sales in the building in 2006, and none in 2007. #4A traded at $1.25mm (“838 sq ft”) in February 2006; #3A cleared in July 2006 for $1.125mm; and #5A in October 2006 for $987,500. (How’s that for backward ‘progress’??)

© Sandy Mattingly 2007

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