A. Ready

This one-bedroom, one-bathroom coop at 420 E. 55th Street comes complete with a "very motivated" seller. Just how motivated? Six days ago the asking price for the unit was lowered by 9%, or $50,000, to $499,000 (slightly less than $700 per square foot, which is cheaper than about 65% of similarly-sized Midtown one-bedrooms).

These days we frequently see apartments close below their last sale price, but rarely do they start out asking for less than the price they last commanded.  Downtown, that may be changing: In the last couple of days, we've noticed a number of apartments come onto the market below their previous sale price. Here are a few that caught our eye:

Yesterday New York Times reporter Christine Haughney profiled a Greenwich Village couple with a rather unusual set of requirements for a buyer.

During giddy real estate times, developers show a fair amount of patience throughout the sales process, steadily increasing prices as they make additional units available for sale. In less robust times like these, developers are likely to remain as firm as possible on their published sticker price early on even as they deal out concessions on transfer fees, attorney costs, common charges, storage lockers, etc. However,  there comes a point when getting out becomes more important than upholding sticker price.

If you're the type to want your recreational opportunities close at hand, The Ohm may be the rental building for you. As the NY Times reported earlier this year, The Ohm, located at 11th Avenue and 30th Street, not only provides a freshly minted place to live, it appeals to those for whom music is a religion and like having twice-monthly music events in their atrium.

BrickUnderground attended StuyTown's tenants' association meeting this Saturday, where hundreds of rather festive renters packed Baruch College's Mason Hall to discuss what happens now that CW Capital has successfully rebuffed the attempts by a couple of hedge funds to take control of the complex.