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2000 vs. 2005 Part 5: "Totally Insane"

Yesterday, we reported on the froth bubbling over in the NYC real estate market in an adorable series of posts called "2000 vs. 2005." One day, as it turned out, wasn't enough to capture the Madness Afoot in the Land. Day two begins with a report from a Curbed reader whose experience in the new development buying game offers tales of fresh horror:

We got an email from a broker at Corcoran about both of those properties (56 pine/crossing 23rd), mailed back the next day and all of them were gone. We had merely asked to be able to see them?she said that she had gotten offers off of the pictures/floorplans on the website.
Fresh hell continues after the jump with a report of a nutty bidding war on West End Ave?and more!

The Curbed reader continues:

We were also involved in a bidding war at 760 West End Ave (97th/98th), a 2br/1ba listed at $875,000. We made it through the first cut of bidding along with 10 others to make it into the 'best and final' situation. The property ended up going for somewhere near $1mil (broker wouldn't admit to the final price). The broker stated to me on the phone that he had "never seen anything like this" and that the final price paid was "shocking" to both him and to the sellers