Quick 23% Markup Fails

Posted by Dave Fratello on Wednesday, November 28th, 2012 at 2:41pm.

Yes, it surprised us a few weeks ago when 311 32nd (3br/3ba, 3500 sq. ft.) posted a deal.

We noted the deal in the MB Property Ticker, but not here on the blog.

This big, ocean-view TH had sold in April this year for $2.600m, then turned right back around in July asking $3.200m.

The very best we could say in our post then was, "Good luck with that." (See "A Quick Return to Market, +23%.")

Turns out, they had some luck. After 4 months, a serious bite. But now, that deal has flopped out.

D'ya suppose an appraisal had something to do with it?

Undeterred, this one's right back out on the market at $3.2m again.

Good luck with that.
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