325 Fifth Avenue, Apartment 10D
An 899-square-foot, one-bedroom, one-bath condo a few blocks up from Madison Square Park.
At the Auction
Pre-auction asking price: $1.095 million (early 2009)
Starting bid: $895,000
No bids tendered.
What the Experts Say
Broker Thomas Demsker, who also counsels FSBO sellers through a website called No Brokers Please! (nbpny.com), thinks the starting price wasn’t low enough, and says he would’ve picked $795,000 instead. “People want something for nothing,” he adds, and the opening bid was too close to what the seller paid for the property in late 2006.