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A Trump unit - 220 Riverside in Manhattan has recently been recorded a sale
at $643/sqf in a bank owned sale, even though many (over 100 within the few
Riverside Trump buidlings alone) active listings show asking price at $1100-
$1300/sqf. That illustrated the unrealistic expectations from sellers and
the cruel fact that banks don't expect market to bounce back quickly. At
this level, majority buyers from 2004~2008 are under water, meaning all the
sales will be distressed sale one way or another
at $643/sqf in a bank owned sale, even though many (over 100 within the few
Riverside Trump buidlings alone) active listings show asking price at $1100-
$1300/sqf. That illustrated the unrealistic expectations from sellers and
the cruel fact that banks don't expect market to bounce back quickly. At
this level, majority buyers from 2004~2008 are under water, meaning all the
sales will be distressed sale one way or another