Has any property suffered a more precipitous and sustained fall than 246 East 5th Street? Home to Jack's Luxury Oyster Bar (relocating) and the eponymous owner Jack Lamb and his wife Grace, the property has plunged in a series of 'chops from its original listing price of $3.5 million to today's $1.5 million. This particular chop knocks a mere $200k off the previous asking, a relative pittance compared to earlier reductions. If we were shopping, we'd ask them to throw in Jewel Bako. Open house Sunday.
· Listing: 246 E. 5th Street [Corcoran]
· PriceChopper: How Low Will Lamb Go? [Curbed]
· Curbed PriceChopper Special Edition: Fresh Lamb [Curbed]
· Lambs' EVil Empire Shrinks Again [Eater]