Graham Condo sells for $890K

When we first posted the Graham Condos listing for $889K in July 2009, we were surprised to see that it sold so quickly.

ACRIS records show that the buyer of unit 3A purchased this unit and a parking spot for $915K in June 2008. The sale price on this unit in August 2009 was $890K.

Even though sold at a loss, $890K represents an impressive sale price in an otherwise dull real estate environment. At 1229 square feet and depending on how much you value the parking spot at, this represents fairly lofty psf levels.

Assuming the spot is valued at $50K, this sale price represents $683 psf.

Incredible.