A Much Needed Price Drop at 324 Pearl St., #2J

When we first crowned this dark 1BR in one of the worst locations in FiDi as our "As If" apartment of the week, we said it was shockingly over-priced at $800,000 for 800 sq ft.

Fast-forward just one month, and this apartment has now been reduced to a more reasonable $695,000, although we still think the price has more to give.

"As If!" (The Overpriced Apartment of the Week) - 324 Pearl St. #2J - $800,000 - 825 sq. ft.

This week's winner was a no-brainer, although the apartment in the ghetto on Avenue D that we saw was a mild contender. In FiDi, this 1BR, 1BA's block is our absolute least favorite. The apartment is on Pearl, basically right next to the FDR. Yes, you can walk 5-10 minutes and reach a better part of the FiDi or even the South Street Seaport (who wants to go there anyway?), but essentially this location is like living on an on-ramp.

The apartment itself is quite dark, with one tiny window in the living room (no opportunity to create another window) and a bigger (but still too small) window in the good-sized bedroom. There is no W/D in the apartment but the kitchen is renovated. We liked the vaguely S&M details in the apartment (think old chain links) left over from when this building was a book bindery, but none of it makes up for the nasty location and the dark, other buildings view. We're thinking $550K.