A Financial-District 2BR Dips Under $1 Million

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Three weeks ago, the price of this financial-district two-bedroom co-op at 176 Broadway was reduced by $30,000, according to Streeteasy.com, dipping its asking price below the million-dollar mark. At $995,000, it’s $105,000 cheaper than a similarly sized unit in the same building and considerably less than what another one of equal square footage went for early this year. Not bad for a space that comes with ten-foot ceilings, central air, and a wraparound terrace — all the better to appreciate that kicking downtown vista. The building has a part-time doorman and a landscaped roof deck, too, and falls within the coveted P.S. 234 school district. Yet there are still no takers. (Could a tough board be the reason? If so, be sure your finances are airtight.) Here’s where you try to negotiate an even sweeter deal with the seller. After all, the maintenance, at $2,060 per month, is a little on the high side. Even more significant, it’s been on the market for 270 days and counting, which could make the owner open to any decent offers. How decent you want to be is up to you.

S. Jhoanna Robledo

A Financial-District 2BR Dips Under $1 Million