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. Send nominations to the tipline.
Address: 25 Parade Place #3K
Size: 1BR, 1BA
South of Prospect Park sits this 1BR, 1BA?easily converted to a 2BR, claims the listing, and over 1000 square feet in size. Despite those two factors, the home failed to sell with a listing several months back for $425,000 and a PriceChop to $405,000. Now it's down to $395,000, not so far above its 2008 sale price of $380,000. So what's the fatal flaw here?