[Update 10/20/08: Sold, $1,725,000]
On the other side of the equation, let’s take a look at 733 Front #605.
One of the first resales at this conversion building down in the Financial District, #605 was sold through the sales office for $1,600,000 only about three months ago. The unit directly below it #505 was sold for around $1.7M and received three offers (floor plan was a bit different, but not by much). Unit 605 recently listed at $1,695,000 and boasts one of the few corner views, (not to mention 4 storage spaces), it is now in contract a mere 6 days after hitting the market.
This market is anybody’s guess, because it sure is making my head spin.
–733 Front #605 [MLS listing detail]