Wednesday, October 28, 2015

Skinniest house sells in NYC

This house sale caught my eye, if the square footage calculations are correct, the value for this slice of New York is $2753 per square foot.  

Average price for a 3 bedroom 1900 sqft home in Mississauga is about $400,000 or about $210 per square foot.  

Wow, that means it's 10 times more expensive to live in New York!

This is the full article:

The sale of 75 1/2 Bedford Street, NYC's skinniest house, has made it to public record.

The nine-and-half-foot-wide house of indeterminate mid-1800s construction date was asking $2.75 million when it hit the market   at the end of August, and it saw one chop to $2.499 million   before it found a buyer.
That buyer's identifying information is sadly obscured behind a corporation (with, clue, a P.O. Box in South Florida), but we do at least now know the 999-square-foot property's final sales price  : $2.175 million.
A profit for seller Stephen Balsamo, who paid $1.6 million for the house -- after a bidding war -- back in 2000. And a bit of a deal for the buyer, who got a roughly 13 percent discount off the most recent asking price. (More of a deal considering an early '08 estimate that pegged the value of the house at $2.5 million.)... read more...
I hope this finds you Happy and Healthy!
All the Best!
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

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