20bayard0907.jpg
How are sales going at McCarren Park’s 20 Bayard Street? Well, it’s a little hard to tell. If you look on Douglas Elliman or StreetEasy, you’ll see mention of a total of 25 apartments, 17 of which are shown as being in contract. But if you look at DOB records (and use a little common sense—the building’s 18 stories after all), you’ll realize that this represents only about 40 percent of the inventory. So while we prep for the inevitable next wave of listings to hit the market, an effort’s being made to move the existing seven units that have yet to sell. Which is why, for example, a 1,296-square-foot three-bedroom was just reduced from $1,175,000 to $1,050,000. Think it’ll move at that price? Anyone know when the next wave is coming?
20 Bayard Street 3BR [Douglas Elliman] GMAP
20 Bayard Street 3BR [Natefind]
20 Bayard Street [StreetEasy]
Photo by dluther


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  1. THE RATINGS GAME
    Citigroup upgrade lifts home-builder stocks
    Analyst sees signs of near-term bottom, boosts ratings on large-cap names
    By John Spence, MarketWatch
    Last Update: 12:22 PM ET Oct 1, 2007

    http://www.marketwatch.com/News/Story/Story.aspx?column=The+Ratings+Game

    This the reason why we had a 197 point gain today. 2 stories one Real Fucking Bad and the others bullshit.
    The dumbasses went for the bullshit. Citi and UBS had to write down Billions of dollars! The is a Wyle E Coyote moment! Gravity is calling!!!!

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