I wondered about this. 272 Riverside Avenue, new construction, was bought in January 2008 for $3.850 million and put back on the market this past February for $3.875. I sold two similar houses just a few doors away in 2007 for $3.8 each and I was curious to see what the market did to this one’s price. We still don’t know because it hasn’t sold but today it was marked down to $3.695.
It could be worse: the builder tried for the longest time to get $4.5 million for this place but fortunately, no one bit.