As we noted in a prior post, 120 Greenwich Street, #12F is the first apartment that we ever saw in our quest for a downtown Manhattan residence. We still remember
We found ourselves wishing that we had a buyer's broker. Someone who would appear knowledgeable on our behalf, a Harry Potter-like Patronus, if you will, that when conjured would appear in deer form (or whatevs) and protect us from the seller's broker
We remember the elevator doors opening. We "looked cool" we thought as we headed down the hallway, not knowing quite what to expect from a $719,000 one bedroom in an area of the Financial District that we'd never quite been to. As we opened the door to the apartment, we were met by the realtor, who looked kind of like Severus Snape, with a sensible purse instead of a wand.
"How long have you been looking?" Snape said as we wandered around the shockingly tiny space. "2 minutes" we wanted to blurt out, but instead said "oh, for a little while" as we took in the strangely shaped living room attached to an ample kitchen. We had no idea what to ask. As we stared at the floor plan, we wondered whether $1,034 was high or low for common charges. "It's tax abated!" Snape said brightly, breaking the silence in the air. "Expecto Patronum!" we wanted to yell, as we struggled to figure out exactly what "tax abated" meant and how we should appear to digest this information in order to maximize our appearance of seriousness and knowledge.
We continued into the bedroom, which was light-filled
After this experience, we became ever determined to figure out how to navigate open houses (and everything else for that matter). We started Downtowny shortly thereafter to help other buyers do the same.
So...whatever did happen to 120 Greenwich #12F (our seminal apartment)? Well, it turns out that the little bugger did in fact sell, in mid-July as a matter of fact, for a mere $610,000, or about 15% less than it's listing price when we saw the unit back in February. Even more interesting, the $610,000 selling price represents a 24% reduction from the apartment's purchase price in October of 2006. "Expecto Patronum" indeed we murmured.