October 15, 2012

Sixteen Months Later And Asking Ten Percent More On Saint Germain

140 Saint Germain: View

As we wrote when the finished 140 Saint Germain first hit SocketSite in early 2011:

It’s another high-end home that’s not yet listed on the MLS. But as a plugged-in reader notes, the new 140 Saint Germain no longer only exists in renderings, but has been finished, photographed and priced at $5,000,000.
As we wrote about the property in 2008: "It’s truly a fixer, but with the requisite bones, big city views, and two atriums (not to mention decks and parking)."

As we reported four weeks later, in June of last year:

…while it never hit the MLS, according to a plugged-in tipster, the sale of 140 Saint Germain has closed escrow with an unreported contract price of $5,200,000 ($912 per square foot), the highest of three offers.

And as a reader notes, 140 Saint Germain is now back on the market sixteen months later and asking ten percent more ($5,695,000).

140 Saint Germain: Kitchen

∙ Listing: 140 St. Germain (5/7) 5,701 sqft - $5,695,000 [140stgermain.com] [Floor Plans]
140 St. Germain: From Renderings To Reality And A $5,000,000 Ask [SocketSite]
140 Saint Germain: Rendered Meat On The Bones And Coming Soon [SocketSite]
A Fixer With Big Views And The Requisite Bones: 140 St. Germain [SocketSite]
140 St. Germain: From Renderings To Reality To Sold For $5,200,000 [SocketSite]

First Published: October 15, 2012 10:15 AM

Comments from "Plugged In" Readers

Dual high-end washers and dryers. Helpful if one needed to launder money to meet the price.

Posted by: BobN at October 15, 2012 11:38 AM

Curious $/sf comp with 37 St. Germain...

Posted by: Joshua at October 15, 2012 1:30 PM

16 months ago this place sold for $500K less. That is amazing, but I think it is the market. How long can that keep up? That 25th street place had multiple offers in the first week at $4.2M so there are some more big D5 spenders out there. Must be the low interest rates.

Posted by: sparky*b at October 16, 2012 8:57 AM

I heard there was a lot of work done to the house over the last year. That's why the price went up.

Posted by: Sarah at October 26, 2012 12:12 PM

The list price for 140 Saint Germain has just been reduced to $260,000 (5 percent), now asking $5,399,000. Once again, purchased for $5,200,000 seventeen months ago and a sale at asking would represent appreciation of 3.8 percent since then, under three percent a year. It must be the high interest rates that's holding things back.

Posted by: SocketSite at November 29, 2012 11:39 AM

Despite a reduction to $5,399,000 two weeks ago, 140 Saint Germain is now "off the market" according to the MLS. Having not been officially withdrawn or in escrow, the property will likely return to the market after the holidays.

Posted by: SocketSite at December 10, 2012 2:24 PM

After four months on the market and a reduction to $5,399,000, the listing for 140 Saint Germain has been withdrawn from the MLS without a reported sale.

Posted by: SocketSite at January 28, 2013 8:27 AM

Sold for 5.5M

Posted by: Denis at March 21, 2013 8:56 PM

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