Another Graham Condo unit on market and possible comparable for the Washington
The Graham Condos is always a great comparable for the surrounding Fort Greene and Clinton Hill area. In 2004, I believe a unit closed at $780K, which by my unofficial estimates, was a high-water mark for this building.
As recently as April 2005, one unit was on sale for $730K and in June 2005, another unit was asking $749K. Fast forward one year later and there's a new 1163 square foot unit on the market for $749K.
This one doesn't have a deeded parking spot, but it does come with 200 square feet of private terrace.
At this price, it is asking a healthy $644 psf. Can the market handle this?