Updated On
08/29/08 at 08:40AM
Manhattan digs selling for less than purchase price
166 Duane Street
Some apartments in Manhattan's top neighborhoods are now selling for less than their purchase price. A unit in the Financial District's 80 John Street recently sold for $590,000, down from its January selling price of $720,000. In Tribeca, a condo at 166 Duane Street is on the market for $4.495 million, after being bought for $4.7 million in April.
A d v e r t i s e m e n t s
Comments
Anonymous
Reality strikes back.
Comment #1 Posted By: Anonymous 08/29/08
BW
Correct me if I'm wrong, but this is the very first article in the media with this take. Everything else since this credit crunch started August 2007 has been glowing about the Manhattan market. Should we expect more articles like this?
Comment #2 Posted By: BW 08/29/08
Anonymous
You don't want more articles like this because you will see more economic recession and it will affect you too...greedy people
Comment #3 Posted By: Anonymous 08/29/08
Anonymous
Sellers are FINALLY getting realistic.
Comment #4 Posted By: Anonymous 09/02/08
Anonymous
This was a tax sale arrangement. That is why it was purchased in in April and put on the market 2 weeks later.
Comment #5 Posted By: Anonymous 10/23/08
Leave a Comment:
irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal
does not endorse any comments posted on its Web site.