M2i is a loft project in the East Village and was built by CitiMark development.
The loss on the unit isn't the most interesting detail, while substantial, the most interesting fact on this property is that to my knowledge this the first loss at M2i which is a very new project to be completed.
Type: Listed on MLS(#066098734)
List Price: $495,000
(Range priced $485,000 to $505,000)
Cost: $512,769
Loss@6% Sales Expenses: $47,469
Loss%: 9.26%
Purchase Date: 01/10/2006
Holding Period: 11 months and counting...
Bedrooms: 0
Bathrooms: 2
Square Feet: 1187
Purchase Details: view
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Interesting article in SD Tribune on the recent wave of short sales.
Copy and past the link:
Housing market's reality check
http://www.signonsandiego.com/
news/metro/
20061211-9999-1n11sales.html
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