Flying in the face of doubts about its location in the Chinatown/Tribeca DMZ, closings have begun at 50 Franklin Street. NY Condo Blog reports that the first unit to close was a one-bedroom under 750 square feet, with a price over $1,000/square foot. (The closing hasn't yet hit public record, but in-contract listings with those specs range from $740,000 to $1.05 million.) Did the guest apartment seal the deal, or the was it the promise of free furniture? [NY Condo Blog; previously]
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