When 120 5th St. sold for $9.300M in September 2014, it was supposed to be an anomaly.
A price over $9 million was supposed to reflect a unique facet of the property: A height restriction imposed on the neighbor that protects the views for 120 5th.
Now, $9M+ for a lower walkstreet property is becoming the norm.
The latest sale is the modern remodel/rebuild at 125 2nd (4br/5ba, 4250 sqft.) at $9.241M (per the MLS).
OK, so they pushed the ceiling a bit with a list price of $10.300M.
The buyer saved $1M and 10% off the list.
It's still a healthy number.
The property was described, in part, in the listing, this way:
"Dream location on the South Manhattan walkstreets... A collaboration three years in the making and literally in as good as new condition.……