Out and About: All real estate is not only local

It is several months since I wrote about an expansive and expensively renovated condo in the 70s east of Broadway on the Upper West Side.

(flickr photo by Jude Doyland)

The combined 3,180-sf unit bowled me over in terms of extraordinarily sensible and stylish design.  My only complaint was the exposure from a low floor: the walls of the building opposite the apartment.

At the time, I suspected that such a deficit would be an obstacle to its asking price of $5.3 million when it was listed back on Feb. 16.  But I didn’t recognize how big a problem it would become.

It was only a matter of time before the price began to drop as the lofty apartment languished on the market.  Have a look at its history since it was offered for sale: Continue reading