516 West 47th Street, Apartment S6H
An 861-square-foot, two-bedroom, two-bath condo in a full-service postwar.
At the Auction
Pre-auction asking price: $945,000 (summer 2008)
Starting bid: $699,000
The highest bid was $729,000, just $30,000 shy of the reserve. BidontheCity.com’s reps say the seller’s still deciding whether to accept the offer.
What the Experts Say
Demsker says he’d tell the seller to let go any hard feelings over that last 30 grand. “There’s no guarantee prices will go up anytime soon,” he says. “Of course there’s a little loss, but that’s not much of a trade-off.”