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$549K East Village Walk-Up Isn't Even Trying for Personal Best

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Welcome back to The Six Digit Club, in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages.

Price: $549,000
Address: 315 East 12th Street #22
Size: 2BR, 1BA
Maintenance/CC: $789

The lack of square footage in this listing is a bit of red flag, but otherwise this East Village apartment seems to be in decent shape for what it is: a fifth-floor walk-up that was converted from rental to co-op during the boom. The current owner purchased it for $636,406, a smidge above asking price, in 2007. This time the seller didn't even try to break even, listing the place in February for $599,000. Now it's down to $549,000. Deals in the building since fall 2008 have happened at similar discounts?the last two-bedroom to sell in the building, a sponsor unit, went for $486,000 after asking $535,000?so is the seller getting close?

· Listing: 315 East 12th Street [Elliman]
· Six Digit Club archive [Curbed]