Yes, there's still some real estate news to report
/480 Cognewaugh Road has a contract. Currently asking $2.225 million, down from last year’s price of $2.750, and considerably lower than its 2005 purchase price of $2.875.
Also under contract is 4 Knollwood Drive East, asking $2.995 million, dropped from its opening price of $3.525. Again, not a home run for the sellers, who paid $3.9 for it in 2004.
On the other hand, 1363 King Street just sold for $2.925 million just four days after opening at $2.999. Westchester refugees? Airplane aficionado? I’m a bit surprised at the quick, almost-full-price offer; I’d have thought there’d have been no particular rush to beat other buyers. But for someone desperate to escape the City and be settled in by fall, maybe.