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April 10, 2009

St. Regis Rides Again


With a lengthy history of price reductions and agent changes stretching back to the Fall of 2008, 188 Minna #25D in the St. Regis Residences finally sold this past week.

The unit, which features two bedrooms, two and a half baths, panoramic views and HOA dues of $2,236.35 monthly—tack on an additional $200 per month for a parking space—was originally listed in 2008 for $3,995,000. It was withdrawn from the market at the end of last year and relisted with a new Realtor for $3.2M, and ultimately sold this week for $2.5M after three subsequent price reductions.

Perhaps there are a few more buyers out there who can snatch up the other four St. Regis units on the market? Current two-bedroom offerings start at $2,250,000, and there’s a three-bedroom unit listed at $5.8M.

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