Riverside Sale

247 Riverside Avenue, $5.6 million, 9 days. How’s the spring-almost summer market doing? Well, the owners tried for $5.795 million from May, 2019 through December 20, 2020, without success. It came back on in May of this year at $5.595, and poof! Mini-bidding war, and gone in 60 seconds.

Not a huge profit here; in fact, after commissions and taxes, probably a slight loss, because they paid $5.3 for it in 2011, and probably netted around $5.2 (ish) on this sale. But they did get 11 years of use over that period, so there’s that. Their Mercedes probably fared worse.