I don’t think this guy gets it, yet

Slow learner

Two years ago the builder of a spec house at 18 Perryridge Road priced it at $4.650 million (about $3 million higher than any previous sale on that street) and set it out upon the waters to see what happened. Nothing happened, is what (didn’t) happen, despite a series of price cuts totaling $755,000 to $3.895. The listing died a whimpering death in August, 2011.

Today it’s back, asking $4,275,000. Rush rush rush.

8 Comments

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8 responses to “I don’t think this guy gets it, yet

  1. Anonymous

    Why is the price so high? Did they pay too much for the land or too much per/sq ft? Not making sense?

    • They paid something like $1.6 (?) for the land so no, I don’t believe they have to get $4.2 to make a tidy profit here. Maybe they work for the New York Lottery’s ad company?

  2. Cos Cobber

    Apparently he has a patient investor/lender….because this is going to take a while.

  3. Anonymous

    Oh, that house. :lol: I think that’s Island Surveyor’s favorite FARtrocity.

  4. Anonymous

    They paid $1.3 million for it in the peak time.

    37 Perryridge sold last year for $1 million, for twice the land and twice the house size.

  5. browbeater44

    that picture and caption made my day – ty

  6. Mr. 85 Broad St.

    Reminds me of my favorite Mike Tyson quote – ‘Everyone has a plan ’til they get punched in the face’.