As we wrote last month:
With $49,853 past due on a $1,950,000 mortgage taken out in November 2006, the two units on the 14th floor of Gramercy Towers which were combined to create a 2,300 square foot three-bedroom with “top of the world views” were taken back by the bank a year ago.
First relisted by the bank for $1,100,000 a hundred days ago, they’re down to $999,999.
Today, the sale of combined two units closed escrow with a reported contract price of $960,000. With a unit merger that doesn’t appear to have been previously approved by the city, might we see the two units soon reappear?
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