Say, here’s an idea!
Can’t sell your spec house for $7.250 million? Delete the listing and bring it back on at $7.450! If that doesn’t work, I suppose you can yank it up to $12 million and see what happens.
To be kind, it’s possible that the builder of this home was so swamped with offers as he was building it that now that he’s nearing completion he feels confident that he can ask for and receive even more money. In which case, good for him – the market needs some good news. I myself am a little skeptical about this price on this street. Ridge Avenue is a neighborhood “in transition”, as we realtors like to say, with the previous high sale being $2.850 each for two condos on the corner of Ridge and Havemeyer. Those sales occurred last year; one unit was returned to market this year at $2.895 and so far has found no takers. 62 Ridge is further down the road, closer to the highway noise and the railroad and, although I could certainly be wrong about this, I wonder whether there is a market for a 10,000 sq.ft., 5 bedroom 7 1/2 million dollar mansion in a location that’s slightly out of the downtown district. I guess we’ll find out.