price drop trumps patience at 525 Broome, 9 months to contract

[update: I have restored the text of this post, as the listing described is no longer an active listing of another firm]

I have removed the content of this blog post, as it comments about the current listing of another agent. For information about why, check out end of an era for Manhattan Loft Guy / a new day dawns? from April 9.

I hit 525 Broome Street #3 in a Manhattan loft open house review November 16 (5 Sunday Open Houses around $2.5mm ), noting that the "patient seller" had not changed the price since July. They were selling
 

After sticking to that price of $2.59mm (and $1,651/mo)

into February (that’s

a lot

of patience), the seller took it off for 12 days. When they brought it back to market on Leap Day for $2.35mm they found a buyer to sign a contract 3 weeks later. It will be interesting to see if the trading price is close to the new asking price; I would love to know if the buyer had seen it before, at the old price.

© Sandy Mattingly 2008