Wednesday, August 5, 2009

2006 Pricing Continues at Battery Park's Millenium Tower


After we first wrote about the lowest sale ever at Battery Park's Ritzy get it? Millenium Tower, where a 1BR sold in June for 22% less than it's mid-2007 sale price, we started watching this building for further discounts. We now have a brand new sale, a high-floor "C" line 1,150 sq ft. 2 bedroom, 2 bath which sold at the end of July for just $987,000, or almost 20% off of the most recent ask of $1.225 million and about 18% off of the Q1 2007 sales price. The earliest "C" line sale occurred in December of 2006, with #7C (a lower floor unit) selling for $975,000.

To us, this apartment really brings home what every broker has been telling us for months, "just make an offer" people - you never know what's going to stick.

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