156 Franklin bites a 9% bullet

did not attract The Market (yet)
I hit The Manhattan loft on the 5th floor at 156 Franklin Street when it was new to the market two months ago (more appreciating appreciation / 156 Franklin is new (improved)), noting the (anticipated) 4 years worth of appreciation, when it was asking $2.195mm and $1,700/mo for "1,700 sq ft" that is "newly renovated".

not so much, so soon
I closed that post by reviewing the (lack of) good comps for this size unit, but opined:

But this is prime [oops; not ‘price’] Tribeca, just off Hudson Street around the corner from Nobu and down the block from the "1" train at Franklin and West Broadway. Whether the price is high or not, it should attract The Market for small-coops-with-no-amenities.

Evidently, neither the seller nor Stribling’s Susan Wires shares that view, as they just dropped the price to an even $2mm.

© Sandy Mattingly 2008

Tagged with: , ,

Leave a Reply