“We couldn’t give it away”: Why even cheap listings fell off the market this summer

When a one-bedroom co-op on the Upper East Side hit the market in February asking $739,000, it had no takers. One price cut later, the frustrated seller took it off the market in May — hoping to hit the reset button in the fall. “We couldn’t give it away,” said Bill Kowalczuk, an agent at Warburg. He’d done his homework — looking at other Upper East Side one-bedroom units that had sold in the previous […]

from The Real Deal New York https://ift.tt/2vXZvgy