Metrome is in the East Village/Ball Park District. This development sold a lot of units at the market high which has lead to a fair number of losses at the complex.
This large one bedroom unit is listed well below the developer price from 2005.
Type: Listed on MLS(#078035143)
List Price: $425,000
(Range priced $400,000 to $450,000)
Cost: $510,700
Loss@6% Sales Expenses: $111,200
Loss%: 21.77%
Purchase Date: 08/26/2005
Holding Period: 21 months and counting...
Bedrooms: 1
Bathrooms: 1
Square Feet: 994
Purchase Details: view
Sunday, May 20, 2007
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3 comments:
At $402/sf, it's still way overpriced. Glad to see the flippers loose their asses.
$100k loss!!! Gee that's a bummer. Well, at least it's funny.
gone from MLS.. i wonder what it closed @
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