The received wisdom is: It's good to be the third agent.
The idea is that if there's a problem listing, a seller's resistance will be weakened and they might finally be ready for some cold advice by the time the third agent comes in to list the property.
At 501 Manhattan Ave., the least that can be said is that the third agent has benefited by having the seller make the biggest price cut on the property in 2015.
The property was first listed in November 2014 for a total of 11 days, asking $7.000M.
That wasn't going to happen. The smallish, original duplex is fine but the land value wasn't $7M, and the rental calculations certainly didn't pencil out at that number.
A new agent launched a new listing in 2015, $1M lighter at $5.999M and at a more optimal…