Report: Bidding War in the South Slope
There was no sign of a market slowdown in the South Slope this past weekend. A tipster says he took part in a bidding war for wood-frame house at 322 12th Street that wound up going for more than 25 percent over asking: “They had an open house over the weekend and then did a…
There was no sign of a market slowdown in the South Slope this past weekend. A tipster says he took part in a bidding war for wood-frame house at 322 12th Street that wound up going for more than 25 percent over asking:
“They had an open house over the weekend and then did a ‘best and final’ offer session – essentially asking everyone to submit their best bid. The format was such that the bidders had no idea what anyone else had offered. The brokers, Lisa Taylor and Wassim Fakhereddine, naturally all the while whispering in everyone’s ears that were being outbid, never showing any cards, watching as the offers soared. Talk about causing a frenzy. 7 bids submitted in a day, 10 total.”
The 20-by-30-foot two-family wood frame house was asking $959,000 and the winning bid was $1.25 million, according to our correspondent. Questions remain: Did the 100-by-25 lot make the property seem that much more valuable, or did Corcoran’s whisper campaign play a big part in whipping bidders into a frenzy?
12th Street Listing [Corcoran] GMAP
“… SHUT THE F UP!!!!!!!!!!”
LOL
‘1200 sf in Alabama costs $150,000″
exactly, but you have to live in Alabama
How bout “The Southie Trump”
1200 sf in Alabama costs $150,000
“Southie. I like it. My grandmother was from Southie (in Boston).”
If it weren’t for Martin Scorcese, the term would never have entered my vocab.
11:46am,
That’s not true. I live in Soho. You can still find stuff at around $1000/sq ft — same as this wood house.
Sure Trump Soho, is a lot more, but it’s an exception and provides five star hotel services, swimming pool, etc.
That place had to have been purchased for the lot. I smell condos.
Jake the Snake
On a couple of occasions I have heard about the final accepted price. The total number of actual bids is alittle strange.
this ain’t no SoHo fool … this is Southie.
wait, 1200 sf in Tokyo would cost … SHUT THE F UP!!!!!!!!!!
1200 Square Feet in Soho would cost around 3 million.