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PriceChopper Hall of Fame: The Fall of Burg's Punctilio

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7/26/04: Real estate booms; artist Cosimo Cavallaro plans to turn his 15,000-square-foot former bakery (now a single-family live/work mansion) on the South Williamsburg waterfront into an 11-story luxury condo building called Punctilio. In this gold rush, everyone's a developer!
9/15/08: Eh, developing is a drag. Why not just sell instead? Williamsburg real estate will never go down in value! Asking: $12.8M.
5/20/09: Whoops. How's $5.95M?
· Chop, Chop! Artist, Baseballer Slash Prices in Grave New World [NYO]
· Listing: 20 South 4th Street [Stribling]