Here's a big Ow

215 Riverside Avenue has sold for $1.940 million. That must have been painful for the sellers, because they paid its full asking price of $2.050 in 2016, completed a total renovation/expansion, and placed it back up for sale in 2017 for $3.2. Turned out that no one appreciated their choices in what and how to redo this house, and all that work and expended energy was for naught.

The real winners here were probably my good friends, who sold it to these sellers. With their children grown, they unloaded a property they’d paid $540,000 for in 1996 and decamped to Stamford, where they bought a very nice home, cheap, and pocketed the difference.

Smart move.