Cos Cob sale price reported

After starting off at $3.995 million in July ‘22, 215 Orchard Street has finally closed at $2.795. The sellers paid $3 million ($4.302 in current dollars) in 2009, so that was quite a builder’s premium they incurred. Of course, the builder himself had originally priced it at $3.799 in 2006, so it must have looked like a bargain after sitting on the market for three years.

Oftentimes, there’s a reason a house won’t sell.