One the units that went back to the auctioneers is on the market for $675,000. It’s on the 23rd floor (sub-penthouse) and offers 1,205 sq. ft. It’s been rented since late 2009. One thing I found interesting is that the seller is offering financing. With 10% down, buyers have access to a 5 year interest only loan at a 4% rate.
An important note – when we were looking at the project a few months ago, there was a legal dispute regarding the ventilation in the building. Obviously as a buyer you would have access to the re-sale certificate. It’s important that you review all of the current legal disclosures. I cannot stress enough the importance of a high-touch due-digence review when buying a condo. Do your homework.
[table “19” not found /]