The 105-unit co-op at 96 Schermerhorn Street is no stranger to price cuts, so it didn’t come as a great surprise to see that the asking price for an 800-square-foot one-bedroom was cut from $599,000 to $549,000 at the end of last week. Actually, at first glance we were surprised that there hadn’t been any takers for apartment 12C at the original price. Then we noticed the maintenance: $1,139. Ouch! Based on comps, though, this looks cheap—both 3C and 4C sold for $625,000 earlier this summer. All we can come up with is that perhaps the layout is different; the 12th floor looks to be about where setbacks start to occur.
96 Schermerhorn Street 1 BR [Corcoran] GMAP
Building photo by Scott Bintner for Property Shark