From the March issue:One in every 13 homes is in pre-foreclosure. Half are listed for rent or sale. This predicament isn’t taking place in the outer boroughs. It’s happening in Manhattan at a luxury condo. The building is one of dozens in Manhattan where multiple owners have fallen behind on their mortgages. This month, The Real Deal put together a top 10 list of buildings in Manhattan with the most units that received a pre-foreclosure filing in the last year. [more]
Posts Tagged ‘350 west 50th street’
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The Manhattan unit to see the biggest price cut today is a condominium unit at 350 West 50th Street. The price of the two-bedroom, two-bathroom penthouse was reduced by $380,000 to $1.395 million, marking a 21 percent reduction, according to Streeteasy.com. The 1,210-square-foot space was listed for the current price when Prudential Douglas Elliman first advertised the unit in April. Elliman raised the price 27 percent to $1.775 million at the end of July, before slashing the price today. The unit, penthouse 2C, features hardwood floors and a washer and dryer. The building boasts a 24-hour concierge and doorman.
