olr: m127 auction in Manhattan enjoys brisk bidding, modest prices
- 06/27/10 12:21 PM
Hiding in the dark at the left is the auctioneer (thanks to my limited flash). An estimated 250 individuals filled the room in which six new condos listed for a total of $12.25 million in a building called m127 went up for auction today. In bidding that accelerated in mere seconds before nearly reaching the final price, the units at 127 Madison Ave. in Manhattan sold for $8,431,500 including a 5 percent buyer’s premium. The total represented a discount of 31 percent. Excluding the penthouse, the price per square foot averaged $821, which strikes me as rather low for a … (0 comments)
;)
;)
;)
