Following Barry’s lead

7 crossway

7 W. Crossway

Barry Sterlicht raises his price $800,000 and suddenly everybody wants to try it. Look, Barry’s a real estate professional and he’s rich, so if he wants to sit around admiring his property for the next ten years, he can afford to – not everyone can.

I don’t know the financial situation of the owner of 7 West Crossway in Lucas Point and for all I know he’s Barry’s younger brother, but the house was bought for $2.3 million in 2004, relisted at $2.850 in 2008, dropped all the way down to $2.395 and expired unsold in April of this year. So it’s back today at $2.695 – to ask a rude question, why?

 

2 Comments

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2 responses to “Following Barry’s lead

  1. Anonymous

    I was thinking the very same thing! A little off topic but what do you think about 41 Hillcrest?

    • christopherfountain

      They paid $1.3 for it in 2003, assessment is $1.2, they’ve dropped from $1.750 to $1.595 (or thereabouts). My general opinion on where a house should be priced in this situation is clear but I haven’t seen this particular one since 2003 so it would be rude to opine on it now.
      But if I were to bid on it sight unseen, I know where I’d start.