Most listings have to stagnate on the market for a while before their asking prices get reduced. Not so with the building at 602 Pacific Street in Prospect Heights. This four-story brick building had only been on the market for a few days (according to Natefind) before someone took a hacksaw to the original asking price of $1,200,000. Market jitters aside, the new asking price of $999,999 seems still hardly seems like a table-pounding buy for a building that only has one duplex apartment in addition to the two-story storefront. It’s hard to opine any more specifically because the Corco listing doesn’t include any interior shots. Judging from the exterior, however, we’d be surprised if the interior was anything more than mediocre.
602 Pacific Street [Corcoran] GMAP P*Shark