Flipper's delight @ 57 Front in Dumbo?
Hot on the heels of today's curbed bit on an irate buyer wondering when their closing will be at 57 Front in Dumbo, today we noticed that there may be a possible flip job on a unit there already. Developer's Group has a listing on a 990 sq ft 1 bedroom for $750K (unit 201).
We're not sure what the purchase price was, but the Corcoran site (who originally marketed the units) is listing similar units in the line for $630K on the 3rd floor and $650K on the 4th floor.
If the original price was $610K, we estimate that they may make about $95K (assuming they probably paid about $25K on closing costs and will pay another $20K to the listing agent).