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675 Sackett - another overpriced condo

Here's one that we'll be trying to figure out for a few days. When we first reported the penthouse condo unit 405 at 675 Sackett St., it was going for $1.295MM. It never sold, eventually lowered to $1.249MM, 1.195MM and now $1.125MM. The condo was renovated with some modern and luxurious touchese, like a Wolf Stove, some fancy kitchen cabinetry and flooring.

Today, Corcoran has a listing (left) for a very similar unit, down to the floor plan and doesn't look renovated (nor cleaned by a maid for that matter) and the asking price is $1.275MM. This unit is apartment 403.

Let's see- the original was priced lower, has been on the market for at least 3 months and here we see a new unit asking more.


At September 14, 2006 12:45 PM, Anonymous Anonymous said...

unit #310 just closed at $757 per sq.ft. this penthouse is asking $153 per sq.ft. more than #310
dose the fact that it`s a penthouse justify that?

At September 15, 2006 11:59 AM, Anonymous Anonymous said...

I was at a party at this apartment in March and truth be told, it is really nice. Decent layout that feels a bit roomier than the floor plan would suggest. GREAT terrace. They really should have cleaned up for the photos though, that is just plain sloppy.

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