"As If!" 311 Greenwich #6G - $825,000 - 650 sq ft

We debated whether this cute little apartment in one of the only Tribeca buildings that has listings for under $1MM is really the overpriced apartment of the week, but at $1,269 per sq ft, we just can't imagine such a price even in a renovated unit.

Both the Streeteasy ad and the floorplan loudly proclaim this apartment as a "Miracle on Greenwich Street!", although the only thing that we find miraculous here is that some new floors and a renovated kitchen would actually spur anyone to pay $825k for what is essentially a tiny apartment without a W/D in the unit and a "cute" balcony that is good for nothing growing herbs.

Although the renovations in this super small apartment are very nice and we like the location, we can't get over the unbelievable price tag given that a larger unit in the same building with a real balcony and in need of only new floors and some kitchen cabinets failed to sell at an ask of $775,000 and is now no longer on the market.

#6G sold in 2004 for $640,000, which we think is actually quite a reasonable price now, given the relatively low maintenance and pint-sized square footage. Add in the fact that absolutely nothing has sold in this building since September, 2008 and we're pretty sure that there are some sellers with high expectations here.