Wednesday, May 27, 2009

TriBeCa Price Chop at 303 Greenwich Has Us All in a Tizzy


When we first visited this tiny one bedroom at 303 Greenwich, one of the non-descript but well-located buildings on Chambers and Greenwich, we ran screaming from the $850,000 price tag for the 700 sq ft unit.

Although the unit appears to have gained a couple of square feet, we are really excited to report that this apartment has been chopped down to the still too expensive almost 2006 price of $699,000. That basically puts this prime Tribeca apartment, which is well-renovated (yes, there's still too much wood in there) at < $1000 per square foot, which is a step in the right down direction.

Although we don't know how much #3A sold for prior to its most recent sale at the height of the market for a whopping $850,000, we do know that #9A (which appears to be the same line) sold in January 2006 for $650,000. We don't think that January 2006 (which is almost 2005 peeps) is even close to low enough for this apartment, but boy does it feel good.

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