It's not quite another 30 percent off sale, but maybe the Rushmore's latest discount buyer, who just nabbed PH5A for more than 20 percent off, isn't as closely connected to the project, either. The buyer's name is hidden behind an LLC, but he or she paid $5,439,899.20 for the apartment, which was originally on the market for $7 million and was most recently asking $6.9 million. Discounts at the lawsuit- and backout-buyer-plagued project up to now have been between 10 and 20 percent, but is this the new normal at the Rushmore? The shift to larger chops at closing isn't entirely surprising given the turmoil at the twin-towered Riverside Boulevard building. Speaking of which?not to kick a building while it's down, but how are those refunds going?
· Sale: 80 Riverside Boulevard, PH5A [ACRIS]
· Rushmore coverage [Curbed]