She bought second floor apt Jan 2007, for $1.65, a bit under the $1.725 list price.
And top of the market you say? Wrong!

Put it on the market in this May for $1.995. I thought another crazy seller, but then it went into contract in Aug, the closing price is now posted as $1.95.
Best part is there is a comp up on the 5th floor renting for $6500. So it sold for 25x rent. Who said 20x was high?
Interesting market...

http://www.streeteasy.com/nyc/sale/237055-condo-100-reade-street-tribeca-new-york

oops, forgot link.

is it me, or did they remodel?

the layout looks a little weird, like they did it just to get the 3rd bedroom...

Aren't you late for a tanning salon appointment, toast?

Floorplan shows 3rd bedroom was there on the original sale and pix look similar. This apartment and its mirror were original two bedrooms, but a few have been converted to 3 bedrooms by creating a small 3rd between the two.

Just thought it was interesting that as threads pick on the price cutters, there is an example of why people list at seemingly high prices. Every now and then one gets hit.
And although history, articles and some calculations suggest 12x ratios between rent and buy, people will still pay twice as much. So, no matter how much we disagree, and asset is worth what someone will pay for it.

Now off to my appointment...