HOTD: Another Follow-Up on 730 Fulton Street
Denial ain’t just a river in Egypt. 730 Fulton, a corner property in the Ratner-created Atlantic Commons townhouse complex, came on the market last August at $1.5 million. Our take, which was largely echoed by the readership (except for the surprising number of owners of other houses in the Commons who for some reason thought…
Denial ain’t just a river in Egypt. 730 Fulton, a corner property in the Ratner-created Atlantic Commons townhouse complex, came on the market last August at $1.5 million. Our take, which was largely echoed by the readership (except for the surprising number of owners of other houses in the Commons who for some reason thought the price sounded just right), was that this was a ridiculous stretch. So three months later, the price was cut to $1.4 million. Still no takers. Now the price has been trimmed to $1.375 million and we’ll reiterate our stance that this baby still has a long way to go. All we can guess is that the current owner is in no particular rush to sell and is taking the attitude that all it takes is one fool to make his day. We also hear that the owner dumped a lot of dough into customizing the interior that he thinks he should get paid for. As is usually the case, this is unlikely to happen in our opinion. At $1.1 million, we say, he might start seeing some interest. More than that? Not bloody likely.
730 Fulton Street [NYT Listings] GMAP
Fulton Newbie Asking Too Much [Brownstoner]
Open House Picks: Pressure Drop [Brownstoner]
Decent Townhouse Reproductions? [Brownstoner]
Who are you? The real estate police? Why are you dogging price increases in these neighborhoods? Increases are a GOOD thing. When you dog prices, you imply our neighborhoods are worth less.
Wow, over $1mil for formerly subsidized housing built by the NYC Partnership. I’m all for making a profit, but… on. Location can’t be evertything -can it?
Reality check people.
If you could knock it down and build something on the lot, then we’d be talking.