Corcoran reduces the Citylights 2br apartment

See the Curbed link. Apparently there was no support for the $699K level. They have reduced the price to $625K. Curbed initially reported $599K, but perhaps the hype surrounding this post caused the seller to flip-flop, thinking they could get another $26K based on market news.?

The bottom line is that the seller probably threw out a high-ball number just to see if anyone would bite. I can't blame them, especially in today's real estate zeitgeist. But alas, it was truly delusions of grandeur on their part. Their strategy may backfire, as this drastic price decrease brands them as a seller with motives that aren't transparent.

Still, at $625K, I don't see any bids.